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CPF Contribution
 

CPF Contribution and Allocation Rates from 1 March 2011 to 31 August 2011

 

The key changes to the CPF contribution rates are:

  • Increase in employer CPF contribution rate by 0.5% to the Special Account. This applies to all employees except for:
    -  employees who are above 35 years old and earning monthly wages of less than $1,500; and
    -  employees who are in their first or second year of obtaining the Singapore Permanent Resident (SPR) status and contributing to CPF at graduated employer and employee rates.

  • For employees who are above 35 years old and earning monthly wages of less than $1,500, the employer CPF contribution rates will continue to start from 0% at the wage of $50 and gradually increase to the full rate at the wage of $1,500.

The new CPF contribution amount can be computed using the CPF Contribution Calculator or determined using the CPF contribution rate booklets.

 

Sections A and B below show the CPF contribution and allocation rates for the various types of employees.


SECTION A

For   (1) Private Sector Employees
       (2) Non-Pensionable Employees (Statutory Bodies & Aided Schools)
       (3) Non-Pensionable Employees (Ministries)

Table A1

For   (a) Singapore Citizen
       (b) SPR in the 3rd year and onwards of obtaining SPR status
       (c) SPR in the 1st and 2nd year of obtaining SPR status but who has jointly
            applied with employer to contribute at full employer and employee rates

Employee
Age (Years)

Contribution Rate
(for monthly wages exceeding $1,500)

Credited to
Contribution by Employer
(% of
wage)
Contribution by Employee
(% of
wage)
Total Contribution
(% of wage)
Ordinary Account
(% of wage)
Special Account
(% of wage)
Medisave Account
(% of wage)
35 & below 15.5 20 35.5 23 5.5 7
Above 35-45 15.5 20 35.5 21 6.5 8
Above 45-50 15.5 20 35.5 19 7.5 9
Above 50-55 11.5 18 29.5 13 7.5 9
Above 55-60 8.5 12.5 21 11.5 0.5 9
Above 60-65 6 7.5 13.5 3.5 0.5 9.5
Above 65 6 5 11 1 0.5 9.5

Note: If the monthly wages are less than $1,500, please refer to the CPF Contribution Rates Table.

Table A2

For   (a) SPR in the 1st and 2nd year of obtaining SPR status

Employee 1st year SPR 2nd year SPR

Graduated Employer & Employee rates:

- Private Sector Employees
- Non-Pensionable Employees (Statutory Bodies & Aided Schools)
Please click here for the Graduated Employer & Employee (G/G) Contribution Rate Please click here for the Graduated Employer & Employee (G/G) Contribution Rate

Full Employer & Graduated Employee rates:

- Non-Pensionable Employees (Ministries);
- Private Sector Employees who have jointly applied with employer to contribute at full employer rates; &
- Non-Pensionable Employees (Statutory Bodies & Aided Schools) who have jointly applied with employer to contribute at full employer rates.
Please click here for the Full Employer & Graduated Employee (F/G) Contribution Rate Please click here for the Full Employer & Graduated Employee (F/G) Contribution Rate

Note: For Private Sector Employees and Non-Pensionable Employees (Statutory Bodies & Aided Schools), the Ordinary Wage Ceiling is $4,500.

SECTION B

For   (1) Pensionable Employees (Statutory Bodies & Aided Schools) {pensionable
            component only}
       (2) Pensionable Employees (Ministries) {pensionable component only}

Table B1

For   (a) Singapore Citizen
       (b) SPR in the 3rd year and onwards of obtaining SPR status
       (c) SPR in the 1st and 2nd year of obtaining SPR status but who has jointly
            applied with employer to contribute at full employer and employee rates

Employee
Age (Years)

Contribution Rate

Credited to
Contribution by Employer
(% of
wage)
Contribution by Employee
(% of
wage)
Total Contribution
(% of wage)
Ordinary Account
(% of wage)
Special Account
(% of wage)
Medisave Account
(% of wage)
35 & below 11.625 15 26.625 17.25 4.125 5.25
Above 35-45 11.625 15 26.625 15.75 4.875 6
Above 45-50 11.625 15 26.625 14.25 5.625 6.75
Above 50-55 8.625 13.5 22.125 9.75 5.625 6.75
Above 55-60 6.375 9.375 15.75 8.625 0.375 6.75
Above 60-65 4.5 5.625 10.125 3 0.375 6.75
Above 65 4.5 3.75 8.25 0.75 0.375 7.125

Table B2

For   (a) SPR in the 1st and 2nd year of obtaining SPR status

Employee 1st year SPR 2nd year SPR

Graduated Employer & Employee rates:

- Pensionable Employees (Statutory Bodies & Aided Schools)
Please click here for the Graduated Employer & Employee (G/G) Contribution Rate Please click here for the Graduated Employer & Employee (G/G) Contribution Rate

Full Employer & Graduated Employee rates:

- Pensionable Employees (Ministries); &
- Pensionable Employees (Statutory Bodies & Aided Schools) who have jointly applied with employer to contribute at full employer rates.
Please click here for the Full Employer & Graduated Employee (F/G) Contribution Rate Please click here for the Full Employer & Graduated Employee (F/G) Contribution Rate

Note: For Pensionable Employees (Ministries, Statutory Bodies & Aided Schools), the Ordinary Wage Ceiling is $6,000.

 Last Updated on: Friday, March 22, 2013 at 5:30 PM
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