To run the Additional Wages CPF Capping report:The Additional Wages CPF Capping report lists all employees and their respective additional earnings. Oracle Payroll calculates Additional Wage CPF Capping based on the previous year's monthly ordinary wages.
Note: The AW ceiling is $93, 500 for new employees whose previous year's monthly ordinary wages are not know.
The report has two sections. The first part of the report lists employees who have either overpaid or underpaid the CPF on additional wages. Employees with values listed in the underpaid column, means that these employees are required to make additional payments to IRAS.
Employees with values listed in the overpaid column, means that these employees are eligible to claim the excess amount paid from the CPF Board. These employees will have additional details in the second part of the report. The eligible CPF has a maximum capping of $5,500.
You run the Additional Wages CPF Capping report from the Submit Request window.
To run the Additional Wages CPF Capping report:Select the Legal Employer from the list of values. This will run the report for employees linked to an individual legal employer.
Enter the year you want to run the report for.
Optionally enter an employee id. If you enter an individual employee's details in this field, the report will be run for that employee only. Leaving this field blank will generate the report for all employees linked to the legal employer you selected.
Choose the OK button.