In Singapore, employers are required to set up the correct statutory funds for their employees to ensure accurate contributions. These may include CDAC, ECF, MBMF, SINDA, and the Skills Development Levy (SDL). Configuring these funds properly helps ensure compliance with statutory requirements.
Follow the steps below to configure or update an employee’s statutory fund in the system:
1. From the left sidebar, navigate to the Staff Directory to view your list of employees.
2. Find and select the relevant employee, then go to their Payroll Info page.
3. Scroll to the Employee Payroll Info section and click EDIT.
4. In the Statutory Fund section, choose the appropriate options based on the employee’s statutory fund requirements.
5. Click Save to confirm and apply the updates.
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