Overview
The excess CPF contributions report lists any employees who have had voluntary employer CPF or MediSave contributions paid during the selected basis period. The report is purely for information purposes only and indicates which employees should have an IR8S form produced at the end of the basis period. The electronic lodgement and reporting to the IRAS is covered under the IRAS Lodgement report.
Availability
| Payroll Plan: | Standard | Premium |
Getting started
The below premise will walk you through how to run a CPF Contributions Report.
- Log into your Employment Hero Payroll platform.
- Click the Report menu.
- Navigate to IRAS reporting section
- Click the Excess CPF Contributions Report button.
- Choose from the following filters:
- Basis period.
- Employing Entity.
- Employee.
- Employee Default Location.
- Click the Run Report button.
Helpful Hint
When you run the report, it includes the following columns:
- Employee Identity number.
- Employee name.
- Employing entity
- Month.
- Ordinary wages.
- Employer/employee CPF contributions for ordinary wages.
- Additional wages.
- Employer/employee CPF contributions for additional wages.
- Total CPF contribution for employer/employee.
- Excess/voluntary contribution - Employer CPF & MediSave.
The total CPF contribution value is the rounded value which aligns to the CPF lodgement files. We round the employer amount up to the nearest $ and the employee amount has the cents removed.
While the excess CPF report shows the CPF contribution split between ordinary wage, for example, and additional wage, for example, quarterly bonus. This differs to the pay run as in that instance as well as the CPF files lodged to the CPFB, at it only shows the total CPF contribution.
Maintain
The below premise will walk you through how to download your CPF Contributions Report.
- Log into your Employment Hero Payroll platform.
- Click the Report menu.
- Navigate to IRAS reporting section
- Click the Excess CPF Contributions Report button.
- Choose from the following filters:
- Basis period.
- Employing Entity.
- Employee.
- Employee Default Location.
- Click the Run Report button.
- Click the Download button.
- Click the Excel button.
Author recommended
Now you have generated an IRAS lodgement report and are wondering what next? There are two recommendations I would make on this front and they are:
- End of Year Process - Payroll | Guide This article will guide you through the process of wrapping up the 2022 tax year and getting ready for the 2023 end of year.
- Payroll platform: IRAS Lodgement Details Report This article covers the IRAS Lodgement Details report and lists the submission information for IRAS lodgements that you have submitted.
Comments
Article is closed for comments.