Starting 1 January 2025, Singapore’s Central Provident Fund (CPF) contribution rates will undergo significant revisions. These changes are designed to strengthen retirement adequacy and align with the nation’s long-term social security goals. Here’s everything you need to know to stay…
MOM impose tougher restriction for Work Pass requirements despite economic uncertainty. The Ministry of Manpower (MOM) regularly adjust the criteria for work pass eligibility so as to support employment opportunities for the local workforce. Increment of minimum salary for EP…
Ministry of Manpower (MOM) set to raise salary criteria for Employment Pass (EP) and S Pass holder. In the ministry’s addendum to the president’s address, the Manpower Minister Josephine Teo highlighted that there is “more slack” in the labour market…
What are the differences between Director’s Fee and Director’s Salary? A director who is being appointed by the company can be remunerate by salary and/or director’s fee. Generally, a director is an employee of the company which is appointed by…