Employee benefits
in Singapore

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Healthcare in Singapore

ingaporean citizens and permanent residents are entitled to free public healthcare from MediSave as part of their contributions to the CPF, Singapore’s social security scheme. This benefit is not available for foreign employees. Instead, employers must pay for health insurance for S Pass employees or those holding a work permit. Health insurance is not required for Employment Pass (EP) employees.

While there is no requirement under the Employment Act for employers to provide private health insurance to employees, it is common practice for most large companies in Singapore to provide their employees with additional private healthcare which may also extend to dependents and foreign, EP holders.

Pensions in Singapore

Employers must make monthly contributions into Singapore’s social security savings scheme, the CPF, for all Singaporean citizens and permanent resident employees. Employers must contribute 17% of an employee’s salary into this national pension fund for employees aged 55 or under. The CPF is the only mandatory pension scheme in Singapore and it is not common for employers to offer any additional schemes.

Disability in Singapore

There is no statutory requirement for disability leave in Singapore, however, under the Work Injury Compensation Act employees may receive certain benefits in the event of a work-related injury. This can include additional medical leave wages, cover for medical costs, and compensation for permanent incapacity or death. The act covers local or foreign employees who are contractually employed.

Unemployment in Singapore

There is no unemployment benefit system for the unemployed in Singapore.

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Your business can easily hire employees in Singapore without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.

FAQs

What employee benefits are mandatory in Singapore?

Mandatory employee benefits in Singapore include healthcare and pension under the Central Provident Fund, annual leave, sick leave, maternity/paternity leave, and childcare leave.

What employee benefits does Horizons cover in Singapore?

In addition to all benefits prescribed under the Employment Act, Horizons offers all its employees the following benefits:

Private Medical Insurance
Death and Disability Insurance
Employer Liability Insurance
Travel Insurance

Success stories from businesses we’ve helped enter and grow in new markets.

Client Testimonials

"As a seed-stage, London-based startup, we were initially hesitant to expand internationally due to the administrative workload involved. Horizons took the headache out of the process, allowing us to hire a team of software engineers in Germany."

Gabor SzedlakCo-founder & COO at MindLabs (UK)

"I truly appreciated the thoroughness and the professionalism of Horizons personnel while we hired internationally with them. They were knowledgable on all subject matters pertaining to international employment."

Gary PaskyVP Software Development, PICS ITech (USA)

"On deciding to begin commercial activities in Asia Pacific, we needed a provider to handle the employment and remuneration of our workforce. With Horizons the result was fast, efficient, and fit-for-purpose. We recommend Horizons as an EOR provider.”

Chris MorrellManaging Director, Schaeffler Group (Germany)

"The collaboration with the Horizons team is excellent. Both our local employee as well as our HQ in Germany are more than pleased with the support provided and the simplicity of the service. We can highly recommend the Horizons solution to anyone."

Christoph EngelbertCo-Founder & CTO, Clevabit (Germany)

"We needed an EOR that could provide expert support for payroll in APAC. We are pleased with Horizons’ expertise and the fact that they are flexible, responsive, and easily accessible from Belgium. They were able to provide services within the short timeline we required."

Katia FlamandHuman Resources, Devian Chemicals (Belgium)