Social security
in Singapore

SALARY PAYMENT IN Singapore Dollar (SGD)

CONTRACT LANGUAGES English

PAYROLL TAX 22%

PAYROLL CYCLE Monthly

TIME TO HIRE 12 hours
Get Started

Horizons-owned entity with local country experts in Singapore.

We offer fair, scalable, and transparent pricing on Singapore PEO service. Contact us for a cost breakdown

End service in Singapore with no additional penalties or fees.

Horizons is enrolled in the Singapore Tech Visa Program.

Hire and pay talents
with Horizons in
180+ countries

Get started

Singapore

Social security in Singapore – Overview

Singapore has a straightforward social security system based almost entirely on contributions to the Central Provident Fund (CPD).

What does the social security system in Singapore cover?

The social security system in Singapore is operated through the Central Provident Fund (CPF). This mandatory social security savings scheme is funded by joint contributions made by employers and employees and is designed to cover health care, retirement and home ownership needs of Singaporean citizens and permanent residents.

What are the mandatory contributions for employees to social security in Singapore?

Employees are required to contribute 20% of monthly earnings subject to a maximum monthly salary ceiling of SGD 6,000. However, voluntary contributions above the mandatory amounts can be paid.

What are the mandatory contributions for employers to social security in Singapore?

Employers are required to contribute 17% of employees’ monthly salaries subject to a maximum monthly salary ceiling of SGD 6,000. However, voluntary contributions above the mandatory amounts can be paid.

How do mandatory contributions compare to the surrounding countries?

Mandatory contributions in Singapore are generally simpler than in neighboring countries, such as China (with ‘the 5 Insurances’) and Malaysia (with both the Employees Provident Fund and employment injury insurance).

Hiring in Singapore, Made Easy

Your business can easily hire employees in Singapore without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.

FAQs

How much do employers need to contribute to social security in Singapore?

Employers are required to contribute 17% of employees’ monthly salaries subject to a maximum monthly salary ceiling of SGD 6,000.

What situations does social security cover for employees in Singapore?

Social security contributions are designed to cover healthcare, retirement and home ownership needs of Singaporean citizens and permanent residents.

Success stories from businesses we’ve helped enter and grow in new markets.

Client Testimonials

"As a seed-stage, London-based startup, we were initially hesitant to expand internationally due to the administrative workload involved. Horizons took the headache out of the process, allowing us to hire a team of software engineers in Germany."

Gabor SzedlakCo-founder & COO at MindLabs (UK)

"I truly appreciated the thoroughness and the professionalism of Horizons personnel while we hired internationally with them. They were knowledgable on all subject matters pertaining to international employment."

Gary PaskyVP Software Development, PICS ITech (USA)

"On deciding to begin commercial activities in Asia Pacific, we needed a provider to handle the employment and remuneration of our workforce. With Horizons the result was fast, efficient, and fit-for-purpose. We recommend Horizons as an EOR provider.”

Chris MorrellManaging Director, Schaeffler Group (Germany)

"The collaboration with the Horizons team is excellent. Both our local employee as well as our HQ in Germany are more than pleased with the support provided and the simplicity of the service. We can highly recommend the Horizons solution to anyone."

Christoph EngelbertCo-Founder & CTO, Clevabit (Germany)

"We needed an EOR that could provide expert support for payroll in APAC. We are pleased with Horizons’ expertise and the fact that they are flexible, responsive, and easily accessible from Belgium. They were able to provide services within the short timeline we required."

Katia FlamandHuman Resources, Devian Chemicals (Belgium)

Global Benefits

Global Immigration

Talent Acquisition

Global Payroll

Global Mobility

Talent Acquisition

Hire Globally

Switch to Horizons

Subsidiary to EOR

For HR Teams

For Finance Teams

For Legal Teams

Insights

Inside Horizons

Help Center

Support

Global Payroll Calculator

About Horizons

Success Stories

Partner Program

Global Hubs

Careers