Payroll Services in Singapore for Small Businesses

Salaries paid on time, CPF and IR8A filed correctly, payslips your staff can trust. We run your monthly payroll remotely and keep you compliant, priced simply per employee.

WHAT'S INCLUDED

What does a payroll service in Singapore include?

A payroll service handles the full monthly cycle: salary calculation, CPF and SDL submission, itemised payslips, and year-end IR8A filing. A good provider also manages IR21 tax clearance for leavers and keeps up with rate changes, so your staff are paid correctly and your filings stay compliant with MOM, IRAS and the CPF Board.

Payroll in Singapore is more than transferring salaries. Every month you have statutory deductions to calculate, contributions to submit, and records to keep, each with its own deadline and penalty for getting it wrong.

Each cycle we handle salary and overtime computation, CPF and SDL submission, itemised payslips, and the annual IR8A, plus IR21 clearance whenever someone leaves.

Monthly payroll cycle All covered
Salary & overtime computation
DONE
CPF & SDL submission
DONE
Itemised payslips
DONE
Bank transfer list
READY
Annual IR8A filing
TRACKED
IR21 for leavers
ON REQUEST

*Full compliance cycle, nothing missed

Singapore Payroll Components
CPF Monthly
Citizens & PRs CPF Board
SDL Monthly
All employees CPF Board (alongside CPF)
FWL Monthly
Work Permit & S Pass holders MOM
IR8A Annual
All employees IRAS

*Each has its own rate, deadline and penalty

SINGAPORE PAYROLL

How does payroll work in Singapore?

Singapore payroll has four moving parts an employer manages every month or year: CPF contributions for citizens and PRs, the Skills Development Levy (SDL) for all employees, the Foreign Worker Levy (FWL) for Work Permit and S Pass holders, and annual income reporting through IR8A. Each has its own rate, deadline and penalty.

CPF goes to the CPF Board for every Singaporean and PR employee. SDL is a small levy on all staff, submitted alongside CPF.

FWL covers Work Permit and S Pass holders and is paid to MOM. IR8A is the annual income report to IRAS, with IR21 for anyone who leaves.

PRICING

How much does payroll outsourcing cost in Singapore?

Basic payroll processing runs about S$5 to S$15 per employee per month, while full-service payroll covering CPF, SDL, payslips and IR8A typically costs S$50 to S$80 per employee per month. Most providers charge a small base fee plus a per-employee rate, so the cost scales with your headcount.

Because we price per employee, a five-person team pays far less than a fifty-person one, and you only ever pay for the people actually on your payroll that month.

See full pricing on our pricing page, or get a per-employee quote in one short call.

Per-Employee Pricing
Basic processing Salary + payslips only
S$5/emp/mo
Full-service payroll CPF, SDL, payslips + IR8A
S$50/emp/mo
Example monthly costs
5 employees
~S$250
10 employees
~S$500
20 employees
~S$1,000

*Pay only for the people actually on payroll that month

In-house vs Outsourced
In-house HR / Payroll exec
  • Salary + CPF + benefits
  • Must track every rate change
  • Compliance risk stays with you
  • Idle when headcount is low
AFSB outsourced payroll
  • Per-employee pricing
  • Rate changes applied automatically
  • Compliance risk on a specialist
  • Scales up and down with headcount
25–40% Typical cost saving vs in-house HR

*Nearly half of employees consider leaving after 2 payroll errors

IN-HOUSE VS OUTSOURCE

Should you run payroll in-house or outsource it?

For most SMEs with fewer than 50 staff, outsourcing payroll is cheaper and safer than a dedicated hire, saving roughly 25 to 40% versus an in-house HR exec once CPF, benefits and software are counted. Outsourcing also moves the compliance risk to a specialist who tracks every rate change and deadline for you.

Manual payroll looks free until it isn't. Wasted hours, compliance penalties, and payroll mistakes that erode staff trust all carry a real cost, and nearly half of employees consider leaving after just two payroll errors.

Outsource and you get accurate monthly runs, automatic rate updates, and centrally tracked deadlines, without tying up your own team.

Payroll Deadlines
Salary payment Employment Act
Within 7 days of pay cycle end
CPF submission CPF Act
Monthly, by last day of following month
Late CPF penalty CPF Act
1.5%/month + up to S$5,000 fine
IR8A filing IRAS
Annual, by start of year
IR21 clearance IRAS
Before leaver departs Singapore

*Our service is built around your payroll calendar

COMPLIANCE DEADLINES

What payroll deadlines and penalties must you not miss?

Salaries must be paid within seven days of the end of the pay cycle under the Employment Act. CPF is due monthly, and late payment attracts 1.5% interest per month with fines up to S$5,000 per offence and possible imprisonment. IR8A forms must reach employees and IRAS by the start of the year. Missing any of these is costly.

These deadlines don't move, and the penalties stack up fast. Our service is built around your payroll calendar, so CPF, SDL and IR8A are filed on time, every cycle.

How it Works

How does the monthly payroll service work?

Each month you send us any changes (new hires, leavers, bonuses, adjustments). We compute salaries and statutory deductions, prepare your itemised payslips and bank transfer list, and submit CPF and SDL. You approve the summary, pay your staff and the CPF Board, and the records are kept for you.

01

You send changes

New hires, leavers, bonuses and any pay adjustments for the month.

02

We process everything

Salaries, CPF and SDL computed. Itemised payslips and bank transfer list prepared.

03

You approve and pay

You approve the summary, pay your staff and CPF Board. We keep records and file IR8A at year-end.

2026 CHANGES

What changed for Singapore payroll in 2026?

The 2026 Budget raised the CPF Ordinary Wage ceiling to S$8,000, stepped up CPF rates for senior workers above 55, and lifted the Local Qualifying Salary to S$1,800. Employers who haven't updated their payroll assumptions may be miscalculating contributions and exposing themselves to back-pay liability.

We keep your payroll current with these changes automatically, so you're never caught out by a rate you didn't know had moved.

Why choose accountantforsmallbusiness.com for payroll?

Because your payroll is run by a service overseen by a qualified Financial Controller, not a spreadsheet that breaks when rules change. Mehdi Javed brings 15+ years of multi-entity finance experience, so your CPF, SDL and IR8A are handled by someone who understands the numbers behind them.

  • Pricing is per employee, so it scales cleanly as you hire.
  • Payroll runs alongside your books in Xero or QuickBooks Online, keeping everything in one place.

2026 Singapore Payroll Updates

CPF Ordinary Wage ceiling
S$8,000 Raised in 2026 Budget
Local Qualifying Salary
S$1,800 Minimum for local employees
Senior worker CPF rates
Stepped up Workers above 55, verify your rates

*We apply these automatically, no manual updates needed

Frequently Asked Questions

Do foreign employees get CPF?
No. CPF applies to Singapore citizens and permanent residents. Foreign employees on an Employment Pass, S Pass or Work Permit are not covered by CPF, though Work Permit and S Pass holders attract the Foreign Worker Levy.
What changed for payroll in 2026?
The Ordinary Wage ceiling rose to S$8,000, CPF rates stepped up for senior workers, and the Local Qualifying Salary increased to S$1,800. We apply these automatically.
Do you handle IR8A and IR21?
Yes. We prepare and file annual IR8A for your employees and handle IR21 tax clearance whenever someone leaves.
How fast must I pay salaries?
Under the Employment Act, salaries must be paid within seven days of the end of the pay cycle. We prepare your run early so payment is never late.
Do you run payroll in Xero or QuickBooks?
Yes. We run payroll alongside your books in Xero or QuickBooks Online, so payroll and accounting stay in one connected system.

Want payroll off your plate?

Get a simple per-employee quote and let us handle salaries, CPF and IR8A accurately, every month.

Get a payroll quote  →

Accountant for Small Business is a remote accounting firm serving Singapore sole proprietors, Pte Ltd companies, e-commerce sellers and growing SMEs. We handle bookkeeping, CPF payroll, SFRS financial statements and monthly management reports, so your records stay clean, your tax agent can file on time, and you always know what you're paying.

Singapore-focused • Cloud-based delivery via Xero & QuickBooks • Fixed monthly fees • No hidden costs

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