Overview

As an organisation, you could have employees that have other income and/or benefits that need reporting to the Inland Revenue Authority of Singapore (IRAS) each basis period. By having a digital record that captures the same data that the paper-based version of the forms collects, will allow you to reduce your payroll administration and for you to upload the values to the IRAS as part of your organisation's annual income reporting process.

The Income from Overseas Employment Pension Fund feature allows you to enter the income from overseas employment and/or pension funds for a particular employee and enter details such as the type and amount of income, period of overseas posting, whether they are exempt from income and were contributions made to overseas pension funds. You can also use this feature to edit any information if it changes and delete a record that is no longer required.

Availability

Payroll Plan:

Standard

Premium

Getting started

Adding an income from overseas employment/pension fund

Click the Employee menu.
Click the List submenu.
Click on the employee who needs an income from overseas employment/pension fund plan created.
Click the Other Income/Benefits button.
Click the Income from Overseas Employment Pension Fund tab.
Click the Add button.
Complete the following fields:
- Type of income:
  - Tax remission on overseas cost of living allowance (OCLA).
  - Seaman.
  - Exemption.
  - Overseas pension fund with tax concession.
  - Income from overseas employment.
  - Income from overseas employment and overseas pension fun with tax concession.
- Amount of income.
- Period of overseas posting:
  - Full year
  - Part of a year.
- Exempt income.
- Were contributions made to overseas pension funds?
Click the Save button.

Maintain

Editing an income from overseas employment/pension fund

Click the Employee menu.
Click the List submenu.
Click on the employee who needs an income overseas employment/pension fund edited.
Click the Other Income/Benefits button.
Click the Income from Overseas Employment Pension Fund tab.
Make the required changes and click the Save button.

Deleting an income from overseas employment/pension fund

Click the Employee menu.
Click the List submenu.
Click on the employee who needs income from overseas employment/pension fund deleted.
Click the Other Income/Benefits button.
Click the Income from Overseas Employment Pension Fund tab.
Click the Delete button.