The Letter of Salary Confirmation serves as a crucial document in Singapore's employment ecosystem, providing formal verification of an employee's compensation details. This document is typically required when employees need to prove their income for various purposes such as visa applications, housing loans, or other financial commitments. In accordance with Singapore's Employment Act and MOM guidelines, the Letter of Salary Confirmation includes detailed information about the employee's current compensation, employment status, and other relevant terms. The document helps maintain transparency in employment relationships while meeting regulatory requirements for salary documentation.
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Key Requirements PROMPT example:
Letter Of Salary Confirmation
"I need a Letter of Salary Confirmation for a senior software engineer in Singapore who requires this for a home loan application, confirming their basic salary of SGD 12,000 per month and annual bonus structure, effective from March 1, 2025."
1. Letter Header: Company letterhead, date, reference number
2. Employee Information: Full name, NRIC/FIN, position title
3. Basic Salary Details: Monthly basic salary amount, currency, payment frequency
4. Employment Terms Reference: Reference to employment contract or offer letter
5. Effective Date: Date from which the salary confirmation is valid
6. Authorization: Signature of authorized company representative
1. Allowances Breakdown: Details of additional allowances, used when salary includes multiple components beyond basic salary
2. CPF Contributions: Breakdown of CPF contributions, included when specifically requested or required for official purposes
3. Annual Compensation: Annualized salary calculation, included when required for visa applications or bank loans
1. Salary History: Record of previous salary adjustments if applicable
2. Benefits Summary: Overview of additional benefits and entitlements
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