[CPF_ERC] - CPF Employer Contribution

30-Aug-2022 · Felix Fung
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What is this?

[CPF_ERC] will calculate employer contribution amount for CPF, which is required for Singapore employee.

Preparation

You have to setup Placement profile for some parameters used in the calculation.

  • Custom field "SGP_CITIZENSHIP"
    • blank for Citizen or 3rd year and onwards Singapore Permanent Residents
    • "SPR_1" for 1st year Singapore Permanent Residents
    • "SPR_2" for 2nd year Singapore Permanent Residents
  • Custom field "SGP_CONTRIBUTION_RATES"
    • blank for partial contribution
    • "FULL" for full contribution

Usage

  • Put [CPF_ERC] for system to calculate the required amount.