Your Ordinary Account savings can be used to buy a home under the Central Provident Fund (CPF) housing schemes. You can buy an HDB flat under the
Frequently Asked Questions : Central Provident Fund (CPF)
Can I use my Central Provident Fund (CPF) for healthcare?
Your monthly contributions to your Medisave Account help you build up savings for your healthcare needs. Medisave can be used to pay for your own or
Are directors responsible for CPF contribution for the staff?
Yes, the directors are held responsible for the company's CPF contribution.
Do foreign employees need to contribute to the CPF fund?
Foreigners on Singapore work passes such as Employment Pass, S Pass, etc. are exempted from CPF contributions in Singapore.
Do I have to pay the salary and CPF of the Nominee Director?
No. Apart from the nominal annual fees, you have no responsibility towards the Nominee Director.
