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Singapore Central Provident Fund (CPF) Contribution Rates

Singapore Central Provident Fund (CPF) Contribution Rates

Allocation of CPF Contributions


The CPF contributions are allocated to the Ordinary, Special and Medisave Accounts based on the ratio of contributions shown in Tables A to J. Contributions are first allocated to the Medisave Account, followed by the Special Account. The balance is then allocated to the Ordinary Account.


 


Employee Age (years)


CPF contribution


Ordinary Account


Special Account


Medisave Account


35 & below


$100


$66.67

($100 - $18.84 - $14.49)


$14.49

($100 x 0.1449)


$18.84

($100 x 0.1884)


 

 



TABLE A


For


(1)


Private Sector Employees


 


(2)


Government Non-Pensionable Employees


 


(3)


Non-Pensionable Employees in Statutory Bodies & Aided Schools


 


(4)


Singapore Permanent Resident (SPR) employees from their 3rd year onwards


 


Employee Age
(years)


Contribution By Employer
(% of wage)


Contribution By Employee
(% of wage)


Total Contribution
(% of wage)


Credited Into


Ordinary Account
(Ratio of Con)


Special Account
(Ratio of Con)


Medisave Account
(Ratio of Con)


35 & below


14.5


20


34.5


0.6667


0.1449


0.1884


Above
35 - 45


14.5


20


34.5


0.6088


0.1739


0.2173


Above
45 - 50


14.5


20


34.5


0.5509


0.2028


0.2463


Above
50 - 55


10.5


18


28.5


0.4562


0.2456


0.2982


Above
55 - 60


7.5


12.5


20


0.575


0


0.425


Above
60 - 65


5


7.5


12.5


0.28


0


0.72


Above 65


5


5


10


0.1


0


0.9



TABLE B


For


(1)


Government Pensionable Employees


 


(2)


Pensionable Employees in Statutory Bodies & Aided Schools


 

Employee Age
(years)


Contribution By Employer
(% of wage)


Contribution By Employee
(% of wage)


Total Contribution
(% of wage)


Credited Into


Ordinary Account
(Ratio of Con)


Special Account
(Ratio of Con)


Medisave Account
(Ratio of Con)


35 & below


10.875


15


25.875


0.6667


0.1449


0.1884


Above
35 - 45


10.875


15


25.875


0.6088


0.1739


0.2173


Above
45 - 50


10.875


15


25.875


0.5509


0.2028


0.2463


Above
50 - 55


7.875


13.5


21.375


0.4562


0.2456


0.2982


Above
55 - 60


5.625


9.375


15


0.575


0


0.425


Above
60 - 65


3.75


5.625


9.375


0.32


0


0.68


Above 65


3.75


3.75


7.5


0.1


0


0.9



TABLE C


For 1st Year Singapore Permanent Resident (SPR)


 


(1)


Private Sector employees


   

 


(2)


Non-Pensionable Employees working in the Statutory Bodies & Aided Schools


   
 

Employee Age
(years)


Contribution By Employer
(% of wage)


Contribution By Employee
(% of wage)


Total Contribution
(% of wage)


Credited Into


Ordinary Account
(Ratio of Con)


Special Account
(Ratio of Con)


Medisave Account
(Ratio of Con)


35 & below


4


5


9


0.6667


0.1449


0.1884


Above
35 - 45


4


5


9


0.6088


0.1739


0.2173


Above
45 - 50


4


5


9


0.5509


0.2028


0.2463


Above
50 - 55


4


5


9


0.4562


0.2456


0.2982


Above
55 - 60


4


5


9


0.575


0


0.425


Above
60 - 65


3.5


5


8.5


0.28


0


0.72


Above 65


3.5


5


8.5


0.1


0


0.9


 


TABLE D


For 2nd Year Singapore Permanent Resident (SPR)


 


(1)


Private Sector employees


   

 


(2)


Non-Pensionable Employees working in the Statutory Bodies & Aided Schools


   
 

Employee Age
(years)


Contribution By Employer
(% of wage)


Contribution By Employee
(% of wage)


Total Contribution
(% of wage)


Credited Into


Ordinary Account
(Ratio of Con)


Special Account
(Ratio of Con)


Medisave Account
(Ratio of Con)


35 & below


9


15


24


0.6667


0.1449


0.1884


Above
35 - 45


9


15


24


0.6088


0.1739


0.2173


Above
45 - 50


9


15


24


0.5509


0.2028


0.2463


Above
50 - 55


9


15


24


0.4562


0.2456


0.2982


Above
55 - 60


6


12.5


18.5


0.575


0


0.425


Above
60 - 65


3.5


7.5


11


0.28


0


0.72


Above 65


3.5


5


8.5


0.1


0


0.9



TABLE E


For 1st Year Singapore Permanent Residents (SPRs) who are Government Pensionable Employees working in the Ministries


 

Employee Age
(years)


Contribution By Employer
(% of wage)


Contribution By Employee
(% of wage)


Total Contribution
(% of wage)


Credited Into


Ordinary Account
(Ratio of Con)


Special Account
(Ratio of Con)


Medisave Account
(Ratio of Con)


35 & below


10.875


3.75


14.625


0.6667


0.1449


0.1884


Above
35 - 45


10.875


3.75


14.625


0.6088


0.1739


0.2173


Above
45 - 50


10.875


3.75


14.625


0.5509


0.2028


0.2463


Above
50 - 55


7.875


3.75


11.625


0.4562


0.2456


0.2982


Above
55 - 60


5.625


3.75


9.375


0.575


0


0.425


Above
60 - 65


3.75


3.75


7.5


0.32


0


0.68


Above 65


3.75


3.75


7.5


0.1


0


0.9


 


TABLE F


For 2nd Year Singapore Permanent Residents (SPRs) who are Government Pensionable Employees working in the Ministries


 

Employee Age
(years)


Contribution By Employer
(% of wage)


Contribution By Employee
(% of wage)


Total Contribution
(% of wage)


Credited Into


Ordinary Account
(Ratio of Con)


Special Account
(Ratio of Con)


Medisave Account
(Ratio of Con)


35 & below


10.875


11.25


22.125


0.6667


0.1449


0.1884


Above
35 - 45


10.875


11.25


22.125


0.6088


0.1739


0.2173


Above
45 - 50


10.875


11.25


22.125


0.5509


0.2028


0.2463


Above
50 - 55


7.875


11.25


19.125


0.4562


0.2456


0.2982


Above
55 - 60


5.625


9.375


15


0.575


0


0.425


Above
60 - 65


3.75


5.625


9.375


0.32


0


0.68


Above 65


3.75


3.75


7.5


0.1


0


0.9



TABLE G


For 1st Year Singapore Permanent Residents (SPRs) who are Government Non-Pensionable Employees working in the Ministries


 

Employee Age
(years)


Contribution By Employer
(% of wage)


Contribution By Employee
(% of wage)


Total Contribution
(% of wage)


Credited Into


Ordinary Account
(Ratio of Con)


Special Account
(Ratio of Con)


Medisave Account
(Ratio of Con)


35 & below


14.5


5


19.5


0.6667


0.1449


0.1884


Above
35 - 45


14.5


5


19.5


0.6088


0.1739


0.2173


Above
45 - 50


14.5


5


19.5


0.5509


0.2028


0.2463


Above
50 - 55


10.5


5


15.5


0.4562


0.2456


0.2982


Above
55 - 60


7.5


5


12.5


0.575


0


0.425


Above
60 - 65


5


5


10


0.28


0


0.72


Above 65


5


5


10


0.1


0


0.9


 



TABLE H


For 2nd Year Singapore Permanent Residents (SPRs) who are Government Non-Pensionable Employees working in the Ministries


 

Employee Age
(years)


Contribution By Employer
(% of wage)


Contribution By Employee
(% of wage)


Total Contribution
(% of wage)


Credited Into


Ordinary Account
(Ratio of Con)


Special Account
(Ratio of Con)


Medisave Account
(Ratio of Con)


35 & below


14.5


15


29.5


0.6667


0.1449


0.1884


Above
35 - 45


14.5


15


29.5


0.6088


0.1739


0.2173


Above
45 - 50


14.5


15


29.5


0.5509


0.2028


0.2463


Above
50 - 55


10.5


15


25.5


0.4562


0.2456


0.2982


Above
55 - 60


7.5


12.5


20


0.575


0


0.425


Above
60 - 65


5


7.5


12.5


0.28


0


0.72


Above 65


5


5


10


0.1


0


0.9



TABLE I


For 1st Year Singapore Permanent Residents (SPRs) who are Pensionable Employees working in the Statutory Bodies & Aided Schools


 

Employee Age
(years)


Contribution By Employer
(% of wage)


Contribution By Employee
(% of wage)


Total Contribution
(% of wage)


Credited Into


Ordinary Account
(Ratio of Con)


Special Account
(Ratio of Con)


Medisave Account
(Ratio of Con)


35 & below


3


3.75


6.75


0.6667


0.1449


0.1884


Above
35 - 45


3


3.75


6.75


0.6088


0.1739


0.2173


Above
45 - 50


3


3.75


6.75


0.5509


0.2028


0.2463


Above
50 - 55


3


3.75


6.75


0.4562


0.2456


0.2982


Above
55 - 60


3


3.75


6.75


0.575


0


0.425


Above
60 - 65


2.625


3.75


6.375


0.32


0


0.68


Above 65


2.625


3.75


6.375


0.1


0


0.9


 



TABLE J


For 2nd Year Singapore Permanent Residents (SPRs) who are Pensionable Employees working in the Statutory Bodies & Aided Schools


 

Employee Age
(years)


Contribution By Employer
(% of wage)


Contribution By Employee
(% of wage)


Total Contribution
(% of wage)


Credited Into


Ordinary Account
(Ratio of Con)


Special Account
(Ratio of Con)


Medisave Account
(Ratio of Con)


35 & below


6.75


11.25


18


0.6667


0.1449


0.1884


Above
35 - 45


6.75


11.25


18


0.6088


0.1739


0.2173


Above
45 - 50


6.75


11.25


18


0.5509


0.2028


0.2463


Above
50 - 55


6.75


11.25


18


0.4562


0.2456


0.2982


Above
55 - 60


4.5


9.375


13.875


0.575


0


0.425


Above
60 - 65


2.625


5.625


8.25


0.32


0


0.68


Above 65


2.625


3.75


6.375


0.1


0


0.9


 

 


         

Notes


   


(1)


Maximum contribution for the private sector is calculated based on a salary ceiling of $4,500 for both the employer and the employee.


 


         

(2)


Maximum contribution for Non-Pensionable Employees in Government Ministries and Statutory Bodies & Aided Schools are calculated based on a salary ceiling of $4,500 for both the employer and the employee.


 


         

(3)


Maximum contribution for Pensionable Employees in Government Ministries and Statutory Bodies & Aided Schools groups are calculated based on a salary ceiling of $6,000 for both the employer and the employee.


 



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