Singapore Payroll Guide

Q: How does payroll work in Singapore?

All employers in Singapore must contribute to the Central Provident Fund (CPF) and Skills Development Levy (SDL), with contributions ranging from 7.5%-17% and 0.25%, respectively. The CPF is a mandatory pension scheme founded to fund state healthcare and retirements. SDL contributions are used to fund business grants for training and further education, which in turn benefit the employers with higher-skilled workforces.

Q: What are the general employment rules?

After three months of service, employees become entitled to 7 days’ annual leave, per year. Following each additional year of service, a further day of entitlement is added, up to 14 days in their eighth consecutive year. While these are the minimum requirements, many businesses choose to offer higher entitlements to staff.

Q: What about dismissing an employee?

There are various ways to terminate employment in Singapore, depending on the reason for termination and length of service. In some cases, a severance payment may be payable, the value to be subject to length of service and any applicable Collective Bargaining Agreements.

Hire employees in Singapore

Currency

Singapore Dollar (SGD)

Population

5,850,342

Capital

Singapore

Official language(s)

English, Malay, Mandarin, & Tamil

Date format

dd/mm/yyyy

Fiscal year

1 April – 31 March

Hassle-free global payroll
Hire abroad from just 1 employee upwards
Fast 3-week setup
Dedicated expert local support

Why use PeoplePay?

Guaranteed Compliance

Robust, compliant payroll and hiring supported by a dedicated Account Manager.

Local Expertise

Avoid international payroll and hiring pitfalls including language barriers, regulations and employment laws.

Lower Costs

Reduced administration, no need for an in-country team, and consolidated, outsourced payroll.

Get in touch

If you’d like one of our Global Specialists to call you, please fill in the form below and we will contact you within the hour.

Singapore Payroll

Get peace of mind with a streamlined, fully-managed payroll solution for 1+ employees.

Singapore HR

Helping you hire compliantly, steering you through the local HR laws and regulations.

Singapore Payments

Consolidated, one-wire transfers to cover your entire global workforce – at competitive rates.

We’re thrilled to be recognised in prestigious industry awards

Singapore Payroll & HR Solutions

PeoplePay Global are here to assist with all your Payroll and HR requirements in Singapore

In-Country Employment Contracts

Creation of locally-compliant Singaporean employment agreements, ensuring you and your employees are protected in-country. Our experts in Singapore will create your bespoke agreement.

Payroll Processing

With global knowledge and local proficiency, we provide a fully-managed payroll solution that handles all the complex tasks, leaving you to focus on your business.

Tax and Labor Law

Singapore’s complex legislation can be daunting. Our in-country specialists are an extended member of your team, steering you safely through tax and labor law.

Regulatory Compliance

Our in-country professionals provide a wealth of experience and expertise in Payroll & HR compliance, ensuring your venture complies with ever-changing legislation.

Start-Up Implementation

We’ll ensure you’re operational promptly in accordance with local law, advising on the best route for your business, whether it’s via a legal entity or foreign registration.

Declarations and Audits

Our local specialists will manage and submit annual declarations on your behalf, guaranteeing accurate and prompt reporting to the authorities and also providing support for audits.

To discuss your individual needs get in touch today

We're here to help you scale

employees paid

0 +

countries covered

0 +

transactions

500000 +

currencies supported

0 +

Frequently Asked Questions

All employers in Singapore must contribute to the Central Provident Fund (CPF) and Skills Development Levy (SDL), with contributions ranging from 7.5%-17% and 0.25%, respectively. The CPF is a mandatory pension scheme founded to fund state healthcare and retirements. SDL contributions are used to fund business grants for training and further education, which in turn benefit the employers with higher-skilled workforces.

After three months of service, employees become entitled to 7 days’ annual leave, per year. Following each additional year of service, a further day of entitlement is added, up to 14 days in their eighth consecutive year. While these are the minimum requirements, many businesses choose to offer higher entitlements to staff.

There are various ways to terminate employment in Singapore, depending on the reason for termination and length of service. In some cases, a severance payment may be payable, the value to be subject to length of service and any applicable Collective Bargaining Agreements.

Singapore Payroll Guide

Why use PeoplePay?

Get in touch

Singapore Payroll

Singapore HR

Singapore Payments

We’re thrilled to be recognised in prestigious industry awards

Singapore Payroll & HR Solutions

In-Country Employment Contracts

Payroll Processing

Tax and Labor Law

Regulatory Compliance

Start-Up Implementation

Declarations and Audits

We're here to help you scale

Frequently Asked Questions

Company

Solutions

Get in touch