Can I protect myself and my dependants through several CPF schemes?

Debtors can always call the police when they encounter any of the above scenarios. Alternatively, debtors may also make a complaint to the Credit Collection Association of Singapore (CCAS). CCAS is an association of debt collection agencies that seeks to ensure that their members engage in professional conduct.

If you’re an experienced professional earning at least 3,600 SGD a month, then your employer can apply on your behalf for an Employment Pass. An alternative for ‘mid-skilled’ workers, earning at least 2,200 SGD a month, is the S Pass. If this is a suitable visa type for you, your employer will have to make an application on your behalf.

As am employer, you can prevent misunderstanding from happening by adopting fair and responsible employment practices and treating your employees with respect. You can address your employees situation by providing proper grievance-handling procedures and informing employees that there are channels within the company that would help them resolve their issues.

You are entitled to your gross rate of pay on a public holiday if you were not absent on the working day before or after a holiday without consent or you are on authorised leave. The Employment Act states that if a public holiday falls on a non-working day, you are entitled to another day off or one extra day's salary in lieu of the public holiday.

The program supports the elderly who had low incomes through life and now have little or no family support. The Silver Support Scheme is targeted at the bottom 20% of Singaporeans aged 65 and there is no need to register. To be eligible, you must be a Singapore citizen who is 65 and above, and must meet all of the criteria: Total CPF contributions of not more than $70,000 by age 55, Self-employed persons must have a yearly net trade income of not greater than $22,800 when you were between the age of 45 and 54, live in an HDB flat that is 5-room or smaller, not own and or have a spouse who owns a 5-room or larger HDB flat or private, live in a household with a monthly income of not more than $1,100.

Lending money to your employees is allowed. It is like lending money to your family. But if you do not trust these persons, you can make an agreement with them so that you can have the right to acquire their possessions if they vanished after not paying. As the owner of the business you can also deduct that to their salaries.