Skills Development Fund (SDF)
SDF provides financial assistance to employers to encourage them to train and upgrade the skills of their workers. This is to equip workers with the necessary capabilities to sustain Singapore's competitiveness and economic growth.
Skills Development Levy (SDL)
Under the Skills Development Levy (SDL) Act (Cap. 306), it is a statutory requirement for employers to make SDL contributions on employees who fall within the salary ceiling for levy contributions. Until 1 September 2005, the salary ceiling for SDL contribution is $1,800. With effect from 1 September 2005, the salary ceiling for SDL contributions will be raised from $1,800 to $2,000. The levy rate remains at 1% and a minimum of $2 is payable where remuneration is less than $200.
The SDL is payable for all employees whose gross remuneration** is less than or equal to the salary ceiling. The SDL is also payable for employees such as casual, part-time, temporary and foreign workers rendering services wholly or partly in Singapore.
*"Remuneration" means any wage, salary, commission, bonus, leave pay, overtime pay, allowances (including housing or other like allowances) and other emoluments paid in cash.
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