ENJOY THE CONVENIENCE OF E-SUBMISSION CALCULATING THE CPF PAYABLE ON ADDITIONAL WAGES SELF-EMPLOYED: SIGN UP TO PAY YOUR MEDISAVE BY INSTALMENTS IF YOU HAVE DIFFICULTIES IN PAYING ONE LUMP SUM ASK OUR CUSTOMER SERVICE OFFICER       ENJOY THE CONVENIENCE OF E-SUBMISSION For all employers with 10 and fewer employees! Submit your CPF contribution details via any of the 300 AXS Stations located islandwide today! Payment at AXS Stations can be made with NETS/CashCard. If you have registered to pay through GIRO with us, your payment will be automatically deducted through GIRO All you need to do is to sign in with your personal CPF Account Number and your company’s Employer Reference Number! Registration is not necessary. However, if you want your last month’s contribution details to be shown when you are e-submitting via AXS, just register with us. Hurry, call us to register today! Contact us for any enquiries relating to CPF e-Submission! Tel : 6220 2340 Email : Er-Con@cpf.gov.sg   CALCULATING THE CPF PAYABLE ON ADDITIONAL WAGES Paying your employees’ bonuses and leave pay? Such payments are considered Additional Wages as they are not granted wholly and exclusively for the month. Learn how to calculate and monitor the Additional Wage contributions in 3 simple steps to avoid the hassle of subsequent refunds! Step 1: Estimate the Ordinary Wages on which CPF contributions are payable for the current year What was your employee’s monthly Ordinary Wage in 2005? Use it as an estimate for total Ordinary Wages to be paid in 2006. Don’t forget to apply the salary ceiling which is $4,500 from 1 January 2006. E.g. Employee A was paid $5,000 a month in 2005. Applying the current salary ceiling of $4,500, the estimated total Ordinary Wages for 2006 on which CPF is payable is $54,000 (i.e. $4,500 X 12). Step 2: Estimate the Additional Wage Ceiling Additional Wage Ceiling determines the maximum amount of Additional Wages on which CPF is payable. Here's how to estimate the Additional Wage Ceiling for 2006: Additional Wage Ceiling = $76,5001 – Total Ordinary Wages on which CPF is payable in the year2 1 Equivalent to 17 months multiplied by the monthly CPF salary ceiling of $4,500. 2 The sum of the monthly Ordinary Wages on which CPF is payable, up to the maximum of $54,000 (i.e. $4,500 x 12). E.g. Since Employee A’s estimated total Ordinary Wages on which CPF is payable for 2006 is $54,000, his estimated Additional Wage Ceiling is $76,500 - $54,000 = $22,500. Step 3: Recalculate the Actual Additional Wage Ceiling In December 2006 (or the last month of employment), recalculate the correct Additional Wage Ceiling based on the actual wages. This is to ensure that you do not contribute beyond the Additional Wage Ceiling. Example: Assuming Employee A earned the same amount of Ordinary Wages as estimated, his Additional Wage Ceiling will be $22,500. Even though he earned a mid-year bonus of $10,000 and a year-end bonus of $20,000 (total bonus = $30,000), you are only required to pay CPF contributions on Additional Wages for him up to $22,500 instead of $30,000. Need help? Use our CPF Additional Wage Ceiling Calculator on www.cpf.gov.sg to estimate your employee’s Additional Wage Ceiling!   SELF-EMPLOYED: Sign up to pay your Medisave by instalments if you have difficulties in paying one lump sum   If you are a self-employed person and have difficulties contributing to Medisave in one lump sum, why not sign up for GIRO with the Board for a hassle-free instalment plan? Simply make an upfront payment and pay the remaining amount by monthly instalments. With your Medisave contributions kept up-to-date using GIRO, you will be able to enjoy peace of mind when you apply or renew your licence. To sign up for GIRO, just complete the “Application for Interbank GIRO” form available at www.cpf.gov.sg and return it to us. Alternatively, you can also sign up at any of our CPF Service Centres. For further enquiries, please email us at self-employed@cpf.gov.sg or call 1800-227 1188.   ASK OUR CUSTOMER SERVICE OFFICER   Question:     I want to pay my Self-Employed Medisave contributions by GIRO. How do I estimate the monthly amount payable? Answer:     You can use our Self-Employed Medisave Instalment Calculator on www.cpf.gov.sg to estimate your monthly instalments.   Question:     If I sign up for GIRO now, what will happen when I have more Medisave liabilities in the coming year? Answer:     Your instalment plan will be revised automatically to include your new Medisave liabilities. We will send you a letter to inform you of the revised monthly payment. This way, your GIRO payments will be kept up-to-date without the need for you to re-arrange your GIRO payment every year.