Increase Your Employees' Retirement Funds

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Tax Rebate 2

 

The employer contribution has been reduced from 10 percent to 5 percent since 1 April 2020.

However, as announced in the National Budget for the Financial Year 2020-2021, all those employers who go the extra mile for their employees and contribute more than the mandatory 5 per cent will be given 150 percent tax deduction backdated to 1 April 2020. This additional contribution will be exempt from taxes for employees.

We encourage employers to contribute more for their employees retirement savings and take advantage of the current rebate offered by the Government.

For information, email us on or call us on 323 8999.

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