Home| About Us | News | Join Us | Useful Links 
  Members > News > News Releases > CPF Contribution Rates For Singapore Permanent Residents Read Aloud Printer Friendly Version
Bookmark and Share
::: Members :::
Employers
Business Partners
my cpf Online Services
Login here with Singpass
  Get Started  
  View Online Demo  
  Request A SingPass  
::: Quick Links :::
 News Releases 
 InTouch 
 Employers and
Self-Employed Newsletters
 
 Public Notices 
 CPF Email Alerts for Members 
 Forum Replies 
 InTouch Magazine 
    
News Releases
 

 

CPF CONTRIBUTION RATES FOR SINGAPORE PERMANENT RESIDENTS
   
 

News Release by:
Central Provident Fund Board
19 SEPTEMBER 2003 --

  Currently, Singapore Permanent Residents contribute to CPF at graduated rates in their first and second year of becoming a Permanent Resident. The full CPF contribution rate will apply from the third year onwards. This is to allow them time to adjust to contributing to the CPF.
   
  The Government has recently announced that the CPF contribution rate will be cut by 3% to 33% with effect from 1 October 2003. Permanent Residents paying the first year contribution rates will not be affected by this change. This means those below age 55 and working in the private sector will continue to pay the current rates of 4% (employer contribution) and 5% (employee contribution) in the first year of becoming a Singapore Permanent Resident.
   
  For second year Permanent Residents, with effect from 1 October 2003, the private sector employer contribution rate for those aged 55 and below will be lowered by 3 percentage points to 9%. The employee contribution rate will remain unchanged at 15%.
   
  Third year Singapore Permanent Residents will continue to pay the rates applicable for Singapore citizens. For more details of the CPF contribution rates for Permanent Residents working in the private sector, please refer to tables 1-5 in Annexes A and B or the CPF website: www.cpf.gov.sg.
   
  PUBLIC ENQUIRIES
   
  Members with enquiries may call the CPF Employer Call Centre on 1800-226 3877.
   
 
Annex A
   
  Table 1: 1st Year Contribution Rates for Singapore Permanent Residents working in the private sector with effect from 1 October 2003
 
Age
Employer Employee
Total
55 years and below
4% 5%
9%
Above 55 years to 60 years
4% 5%
9%
Above 60 to 65 years
3.5% 5%
8.5%
Above 65 years 3.5% 5% 8.5%
   
  Table 2: 2nd Year Contribution Rates for Singapore Permanent Residents working in the private sector with effect from 1 October 2003
 
Age
Employer Employee
Total
55 years and below
9% 15%
24%
Above 55 years to 60 years
6% 12.5%
18.5%
Above 60 to 65 years
3.5% 7.5%
11%
Above 65 years 3.5% 5% 8.5%
   
  Table 3: 3rd Year Contribution Rates for Singapore Permanent Residents working in private sector with effect from 1 October 2003
(Identical to the contribution rate for other Singapore citizens)
 
Age
Employer Employee
Total
55 years and below
13% 20%
33%
Above 55 years to 60 years
6% 12.5%
18.5%
Above 60 to 65 years
3.5% 7.5%
11%
Above 65 years 3.5% 5% 8.5%
   
 
Annex B
   
  Table 4: 3rd Year Contribution Rates for Singapore Permanent Residents working in private sector with effect from 1 January 2005
(Identical to the contribution rate for other Singapore citizens)
 
Age
Employer Employee
Total
50 years and below
13% 20%
33%
Above 50 years to 55 years
11% 19%
30%
Above 55 years to 60 years
6% 12.5%
18.5%
Above 60 to 65 years 3.5% 7.5% 11%
Above 65 years 3.5% 5% 8.5%
   
  Table 5: 3rd Year Contribution Rates for Singapore Permanent Residents working in private sector with effect from 1 January 2006
(Identical to the contribution rate for other Singapore citizens)
 
Age
Employer Employee
Total
50 years and below
13% 20%
33%
Above 50 years to 55 years
9% 18%
27%
Above 55 years to 60 years
6% 12.5%
18.5%
Above 60 to 65 years 3.5% 7.5% 11%
Above 65 years 3.5% 5% 8.5%
   
   
 

 Last Updated on: Thursday, June 30, 2011 at 5:48 PM
Copyright © 2014 Central Provident Fund Board