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MANISH SPEAKS JULY 2022 DOES YOUR PAYROLL NEED A DETOX?   This is a question many businesses have been grappling with of late. More often than not, this question will go unanswered till it is too late and their payroll has reached a crisis stage. By the time they have made the decision to audit their payroll processes HR is probably already pulling their hair out by this point and quite likely thinking about throwing in the towel. CLICK HERE FOR FULL ARTICLE FROM OUR COMPLIANCE DESK EPF LAUNCHES i-LINDUNG PLATFORM FOR PURCHASE  OF PROTECTION PRODUCTS   i-Lindung is a self-service platform through i-Akaun (Member) which can be used to purchase protection products under the Member Protection Plan (MPP). Members are allowed to purchase insurance / takaful products from Insurance & Takaful Operators (ITOs) that have been approved by the EPF. This is to provide protection coverage options to members during challenging periods or unfortunate events.   CLICK HERE FOR FULL ARTICLE INCREASE IN CPF CONTRIBUTION RATES FROM 1ST JANUARY 2023   Effective 1 January 2023, the CPF contribution rates for employees aged above 55 to 70 will be increased to strengthen their retirement adequacy. The changes will apply to wages earned from 1 January 2023. No change to the CPF contribution rates for other age groups. Contribution rates are for employees who are Singapore Citizens or Singapore Permanent Residents (3rd year and onwards) earning monthly wages > $750. CLICK HERE FOR FULL ARTICLE VIDEO SHOWCASE TURNING PAYROLL AROUND FOR FIRST-TIMERS   When a firm approaches an outsourcing company for a first-time payroll subscription, it’s important to understand what they expect in terms of enhanced services. it may be the complications that payroll brings with itself or risks associated with financial security. CLICK HERE TO WATCH VIDEO PLEASE LIKE, SHARE & SUBSCRIBE Website Facebook LinkedIn