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Final Pay Acknowledgement Form Template for Singapore

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Key Requirements PROMPT example:

Final Pay Acknowledgement Form

"Need a Final Pay Acknowledgement Form for a senior software engineer leaving our Singapore tech company on March 15, 2025, including clauses for return of company laptop and confidentiality of ongoing projects."

Document background
The Final Pay Acknowledgement Form is a crucial document used in Singapore employment termination processes. It is required when an employee's service ends, whether through resignation, retirement, or termination. The form ensures compliance with Singapore's Employment Act, which mandates final payment within 7 days of employment termination. It documents all financial settlements, including basic salary, pro-rated benefits, CPF contributions, and any outstanding claims. This document protects both parties by providing clear evidence of payment receipt and mutual agreement on the settlement terms.
Suggested Sections

1. Employee Details: Name, ID, position, employment duration and termination date

2. Final Payment Breakdown: Itemized list of all payment components including basic salary, pro-rated annual leave, notice period payment/deduction, outstanding overtime

3. CPF Details: Final CPF contribution details and calculations as per Central Provident Fund Act requirements

4. Settlement Declaration: Statement confirming full and final settlement of all employment-related claims and obligations

5. Acknowledgement: Employee's confirmation of receipt of final payment and agreement to terms

Optional Sections

1. Outstanding Claims: Section detailing any pending expense claims or reimbursements to be settled

2. Company Property Return: Section listing company assets to be returned and confirmation of return

3. Non-Compete Reminder: Section restating existing non-compete obligations and their continued validity

4. Tax Clearance: Section addressing tax clearance requirements, particularly relevant for foreign employees (Form IR21)

Suggested Schedules

1. Schedule A - Payment Calculation: Detailed breakdown of all payment calculations including basic salary, leave, bonuses, and deductions

2. Schedule B - Outstanding Loans: Details of any company loans and repayment arrangements if applicable

3. Schedule C - Company Property Checklist: Itemized list of company property to be returned with condition assessment

4. Schedule D - CPF Contribution Statement: Detailed breakdown of final CPF contributions and calculations

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





















Clauses




















Industries

Employment Act (Chapter 91): Primary legislation governing salary payment terms, calculation of final payments, and timing requirements (7-day payment rule after termination)

Central Provident Fund Act (Chapter 36): Regulates CPF contributions, refunds, employer obligations regarding CPF payments, and treatment of unpaid CPF contributions

Income Tax Act (Chapter 134): Covers tax clearance requirements, Form IR21 requirements for foreign employees, and tax treatment of final payments

Work Injury Compensation Act: Addresses settlement of outstanding injury claims and related compensation matters in final payment

Employment Claims Act 2016: Establishes dispute resolution mechanisms and statutory limits for employment-related claims

Basic Salary Component: Final basic salary calculation including pro-rated amount up to last day

Pro-rated Annual Leave: Calculation and payment of unused annual leave entitlements

Notice Period Requirements: Payment or deduction related to notice period fulfillment or shortfall

Outstanding Overtime: Calculation and payment of any pending overtime wages

Reimbursements: Settlement of pending expense claims and reimbursements

Authorized Deductions: Legal deductions from final payment as per Employment Act

CPF Contributions Settlement: Final employer and employee CPF contribution calculations and payments

Benefits Cessation: Clear documentation of when employment benefits cease

Company Property Return: Acknowledgment of return of company assets and properties

Full and Final Settlement: Clear statement indicating full and final settlement of all claims

Confidentiality Obligations: Ongoing confidentiality requirements post-employment

Release of Claims: Mutual release of claims between employer and employee

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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