Are CPF contributions payable on Supplementary Retirement Scheme (SRS) allowance if I deposit directly into my employee's SRS account?
CPF contributions are payable on Supplementary Retirement Scheme (SRS) allowance as it can be accessed by your employee any time (with a 5% penalty for early withdrawal).
The CPF treatment is the same regardless of whether it is deposited directly into your employee's SRS account or you pay to him in cash.