1. Monthly Contribution Deadline:
Standard Timeline: CPF contributions for each calendar month are due by the 14th day of the following month. For instance, contributions for January should be paid by February 14th.
2. Grace Period for Online Payments:
If you are making CPF contributions online (which is the most common method), there is a grace period. The deadline for online payments is typically extended to the end of the month. For example, for January’s contributions, the deadline would be extended to February 28th or 29th in a leap year.
3. Consequences of Late Payment:
Interest Charges: Late payments are subject to interest charges, which are meant to restore the loss of interest to the employee’s CPF account due to the delayed contribution.
Penalties: Employers may face penalties or legal action for consistently late or non-compliance with CPF contributions.
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