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Provident Fund

SimplePay has a built-in item to accommodate Provident Funds for your employees. Employees make a mandatory contribution to the national pension scheme, either MPF or ORSO. 

To have the details of the provident added:

  • Click on Provident Fund (under Regular Inputs)
  • Choose the Scheme Provider using the dropdown list
  • Choose the Scheme Type using the dropdown list
  • If an employee is going to retire early, tick the Early Retirement checkbox and enter the Early Retirement Age
  • If an employee is not retiring early, leave the checkbox unticked 
  • Click Save

More information about Provident Funds can be found here.