Final Pay Acknowledgement Form Template for Singapore

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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) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

All Private Sector Industries
Public Sector
Non-Profit Organizations

Relevant Teams

Human Resources
Finance
Legal
Payroll
Administration

Relevant Roles

HR Manager
Payroll Manager
Finance Director
Legal Counsel
Department Managers

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Let's create your Final Pay Acknowledgement Form

Authors

Alex Denne

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