What are the penaltiesb for not paying CPF?
I've been working for a company for over a year and I discovered that my employers did not make any contributions to my CPF. I am a foreigner yet I am a permanent resident of Singapore so I know that they are required to contribute. This is not acceptable and I want to know what they would be liable for because they did not comply with the Employment Act.
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If they did not comply then they are liable to late payment interest charged at 18% per annum starting from the first day of the following month after the contributions are due. The minimum interest payable is $5 per month, a fine of up to $5,000 and no less than $1,000 per offence and/or up to 6 months jail,a fine of up to $10,000 and no less than $2,000 per offence and/or 12 months jail for repeat offenders and a fine of up to $10,000, imprisonment of up to 7 years or both if you deduct your employee’s share of CPF contributions but fail to pay the contributions to CPF Board.