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Thread: employers’ CPF contribution rate from 14.5% to 10%?

  1. #1
    xirtil
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    Default employers’ CPF contribution rate from 14.5% to 10%?

    Standard Chartered expects a cut in employers’ CPF contribution rate from the current 14.5 percent to 10 percent.
    But it expects no change to employees’ CPF contribution rate, GST, personal income and corporate tax rates.

    http://retrenchment-blog.breaking.sg...rom-145-to-10/

  2. #2

    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Quote Originally Posted by xirtil View Post
    Standard Chartered expects a cut in employers’ CPF contribution rate from the current 14.5 percent to 10 percent.
    But it expects no change to employees’ CPF contribution rate, GST, personal income and corporate tax rates.

    http://retrenchment-blog.breaking.sg...rom-145-to-10/

    More good years ahead. Don't forget, we are in our golden era...
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  3. #3

    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Companies/Employers can just alter their CPF contribution rate as and when they like?
    Thought the amount is set by CPF board?
    Last edited by .Hack; 9th January 2009 at 11:18 AM.

  4. #4
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    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Quote Originally Posted by .Hack View Post
    Companys/Employers can just alter their CPF contribution rate as and when they like?
    Thought the amount is set by CPF board?
    Set by law hor.

    I think what the post is saying is that in lieu of the prevailing market conditions, StanChart is expecting that the government will cut the employer CPF contribution from 14.5 to 10%.

    :Later,

  5. #5

    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Wait for the National Wages Council's announcement lor..

  6. #6
    Senior Member Big Kahuna's Avatar
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    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    No wonder there was fire broke out at Std Chart just now

  7. #7

    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Quote Originally Posted by Big Kahuna View Post
    No wonder there was fire broke out at Std Chart just now
    Really ah?

  8. #8

    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Quote Originally Posted by .Hack View Post
    Really ah?
    Why laugh? It's really fire ok. See news.

    http://www.straitstimes.com/Breaking...ry_323983.html

  9. #9

    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Quote Originally Posted by .Hack View Post
    Really ah?
    oh, dot hack. confusing anime..........must play the game....
    Objection !!!

  10. #10
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    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Quote Originally Posted by Pinoy View Post
    Set by law hor.

    I think what the post is saying is that in lieu of the prevailing market conditions, StanChart is expecting that the government will cut the employer CPF contribution from 14.5 to 10%.

    :Later,
    aiyo. pay cut already now want cpf cut. sigh.

  11. #11
    Member luntut's Avatar
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    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Quote Originally Posted by ConnorMcLeod View Post
    aiyo. pay cut already now want cpf cut. sigh.
    everyone taking opportunity only ma. good time to cut pay save some money.
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  12. #12
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    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Quote Originally Posted by ConnorMcLeod View Post
    aiyo. pay cut already now want cpf cut. sigh.
    I think some companies genuinely have a need for government assistance, while some errrr.. might just be taking advantage of the situation.

    Nevertheless, lesser CPF employer contribution would probably translate to lower operating cost, and perhaps prevent some heads from rolling.

    :Later,

  13. #13

    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Quote Originally Posted by Pinoy View Post
    I think some companies genuinely have a need for government assistance, while some errrr.. might just be taking advantage of the situation.

    Nevertheless, lesser CPF employer contribution would probably translate to lower operating cost, and perhaps prevent some heads from rolling.

    :Later,
    Agree man. Think everybody would rather get the CPF cut then kena retrenched.

  14. #14

    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    I think the government has come out several times to emphasize CPF will be the last resort. I would be very surprised if they back-track on this. My guess is that a one-off tax rebate for corporates is more likely than a CPF cut as the latter will cut into personal consumption.

  15. #15
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    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    cutting CPF means cutting their own money supply...they already encourage ppl putting money into CPF...better than banks, safe heaven, but cannot take out... go figure...

    Unless the companies out there are really really really struggling to the point of closing down, else cutting tax on companies are more likely....

    but then again u never know, they like to do things beyond us...
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  16. #16

    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Will you chop your golden goose?

    After making so many blunders in their investment, don't think they can afford to cut the CPF rate. The baby bloomer generation is now retiring, need a lot of money to pay them.
    I see the first sign of troubled cash flow when they introduce the 120k minimum sum.

    Quick fixes from the million dollar brains.
    1) Your MVC will be activated first.
    2) Shorter work week.
    3) Cut basic pay.
    4) Repeat step 1 to 3 if economy gets worse.

    Be assured that the million dollar scholars know how to count your money.
    They already mentioned the severe implications of cutting your CPF.
    Last edited by Silence Sky; 10th January 2009 at 11:34 AM.

  17. #17
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    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Quote Originally Posted by Pinoy View Post
    I think some companies genuinely have a need for government assistance
    agree and better being axed....

  18. #18

    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    So who benefit when there is a cut?

  19. #19

    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Quote Originally Posted by Yappy View Post
    So who benefit when there is a cut?
    Employers
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  20. #20

    Default Re: employers’ CPF contribution rate from 14.5% to 10%?

    Quote Originally Posted by megaweb View Post
    Employers
    haha .... that's not true.

    If no cut, employers no profit, then pay cut, retrench workers, close down, etc. ....

    so it's necessary to ensure that everyone got a chance to win in the longer term ....
    always the Light, .... always.

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