CPF says what?
Every company in Singapore needs to register and pay their local employees CPF (Central Provident Fund). CPF is basically a retirement fund, similar to 401K in the United States. The company deducts some of your salary and puts it in your CPF account, the company contributes a percentage on top of that, and the government chips in with some more funds. Years later, you’ll either use some of that money for a down-payment on an HDB flat or you’ll die never getting to enjoy this pile of cash that is building up in an account you can’t touch.
They omitted information in the registration process. Below is my e-mail asking for clarification:
I am trying to register my company for “New Employer’s First CPF Contribution.” (Form CPF/1). It is UEN / ACRA Registration Number: <UEN>
On form CPF/1, it mentions this: “You are strongly encouraged to sign up for CPF e-Submission to make your first CPF payment. To do so, please submit Form CPF/1 with the CPF e-Submission Registration form and the Application for Interbank GIRO form at least 7 weeks before the due date of your first CPF payment.”
In order to receive a CPF Submission Code, I need to submit form CPF/1 first, correct? But as mentioned above it says I should submit Form CPF/1 with the CPF e-Submission Registration form and the Application for Interbank GIRO. However both those forms require a CPF Submission code.
Can I just send in the forms without the CPF Submission code and someone will fill those in upon assignation of the code?
The answer (I ended up calling them) is: Leave the submission code blank on the GIRO form and in the e-Submission Registration form. They will fill in the CPF Submission code for you when issued.