The CDAC Fund is for the Chinese Development Assistance Council (CDAC) Fund, employees refer to Singapore Citizens and Permanent Residents, belonging to the Chinese Community.
The fund amounts are computed automatically in the system based on the Gross salary of the employee. Different types of funds have different criteria that keep changing based on government rules. All the latest changes are incorporated in the system ...
The MBMF Fund is for the Mosque Building and Mendaki Fund (MBMF), employees refer to all working Muslims in Singapore who are Singapore Citizens, Permanent Residents, and Foreign employees either on an Employment Pass or a Work Permit. Product ...
The SINDA Fund is for the Singapore Indian Development Association (SINDA) Fund, employees refer to all working Indians in Singapore who are Singapore Citizens, Permanent Residents, and Employment Pass holders and are of Indian descent (including ...
SMEPayroll supports two cases of fund contribution. The first one is employees can contribute to more than one fund type and the second case is the employee can contribute an additional amount for the same fund type. First Case: To contribute more ...
The ECF is for the Eurasian Community Fund (ECF), employees refer to Singapore Citizens and Permanent Resident, belonging to the Eurasian* community Product Version: SMEPayrollTM Version 11