For PACE (PayNow for CAYE) payments, when do corporate service buyers need to submit a payment file to CPF Board to make Contribute As You Earn (CAYE) contributions by the stipulated deadline?
Corporate service buyers using PACE (PayNow for CAYE) need to submit the payment file to CPF Board at least five working days before the service fee payment due date to ensure timely payment to the self-employed person (SEP)’s MediSave Account.
This information is sourced from CPF
Related questions
How do corporate service buyers know if the payment to self-employed persons is successful?
With the additional step to split the service fee under Contribute As You Earn (CAYE), would this result in a delayed payment of service fee that may exceed the credit terms?
Are there any changes required to the corporate service buyer's payment system/process to reconcile the payments made via Contribute As You Earn (CAYE)?
What are the payment modes available under Contribute As You Earn (CAYE)?
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