Should you wish to remain in the workforce after age 55, you will still need to contribute to CPF, but at a lower rate. Click here to see the contribution rate applicable to your age group.

Click here to calculate your CPF contribution.

You will also need to continue contributing to Medisave, until it reaches the Medisave Contribution Ceiling (MCC). From 1 July 2008, the MCC is revised to $34,500. Any Medisave contributions in excess of the MCC will be transferred to the Special Account for members below 55, and to the Retirement Account for members 55 and above, who do not meet the CPF Minimum Sum. For those who have set aside the full CPF Minimum Sum, the excess Medisave contribution will be transferred to the Ordinary Account.

If you still have outstanding housing loan, you can continue to use your available savings in the Ordinary Account for housing instalment payments.