5 Amazing Things that you do not know about CPF (Part 1).

The following are subjected to CPF:

  1. Cash gift (e.g. Chinese New Year Hongbao) given to employees during festive season.
  2. Gratuity payment for good performance for existing employees.
  3. Fixed amount given to employees as holiday incentives.
  4. Cash award given to employees with less than 5 years’ service and every subsequent period of less than 5 years’ service.
  5. Cash tips collected from customers in hotel and restaurant and distributed to employees.

In the next article on “5 Amazing Things that you do not know about CPF (Part 2)” 5 April 2019, we will explore the changes for┬áthese payments NOT┬áto be subjected to CPF.