CPF Contribution and Allocation Rates from 1 September 2010 to 28 February 2011

CPF Contribution

The key changes to the CPF contribution rates are as follows:

	Increase in employer CPF contribution rate by 0.5%. This applies to all employees except for those who are above 35 years old and earning less than $1,500 per calendar month. The 0.5% increase will go into the employee’s Medisave Account.
	Less than full rates in employer CPF contributions for employees aged above 35 years and earning total wages of $1,500 or less per month. The employer contribution rate will start from 0% at the wage of $50 and gradually increase to the full rate at the wage of $1,500.
Information on the CPF contribution and allocation rates for the various sectors of employees are shown in Sections A and B. Please click here for the new CPF contribution rate booklets. SECTION A For  (1) Private Sector Employees    (2) Non-Pensionable Employees (Ministries, Statutory Bodies & Aided Schools)   Maximum CPF contribution is calculated based on a salary ceiling of $4,500 for both the employer and the employee.   CPF Contribution Rates CPF Allocation Rates Singaporeans / 3rd Year SPR  Table A Age (Years) Contribution Rates (Wages exceeding $1,500 per month) Employer’s Share (% of wage) Employee’s Share (% of wage) Total (% of wage) 35 & below 15 20 35 Above 35 – 45 15 20 35 Above 45 – 50 15 20 35 Above 50 – 55 11 18 29 Above 55 – 60 8 12.5 20.5 Above 60 – 65 5.5 7.5 13 Above 65 5.5 5 10.5 Note: For wages not exceeding $1,500 per month, please refer to the CPF contribution rate table.      Table 1 Age (Years) Credited to: Ordinary Account (Ratio of Con) Special Account (Ratio of Con) Medisave Account (Ratio of Con) 35 & below 0.6572 0.1428 0.2000 Above 35 – 45 0.6001 0.1714 0.2285 Above 45 – 50 0.5429 0.2000 0.2571 Above 50 – 55 0.4484 0.2413 0.3103 Above 55 – 60 0.5610 0 0.4390 Above 60 – 65 0.2693 0 0.7307 Above 65 0.0953 0 0.9047 For example: If the employee (30 years old) contributes $100, the ratio of CPF contribution applicable to him is 0.6572 for the Ordinary Account, 0.1428 for the Special Account and 0.2000 for the Medisave Account. His CPF contributions will be allocated as follows: Age CPF Con Ordinary Account Special Account Medisave Account 35 & below $100 $65.72 ($100 - $20.00 - $14.28) $14.28 ($100 x 0.1428) $20.00 ($100 x 0.2000) 1st Year SPR / 2nd Year SPR Table B Graduated Employer – Graduated Employee Year 1 SPR Year 2 SPR Table C Full Employer – Graduated Employee Year 1 SPR Year 2 SPR SECTION B For  (1) Pensionable Employees ( Ministries, Statutory Bodies & Aided Schools)   Maximum CPF contribution is calculated based on a salary ceiling of $6,000 for both the employer and the employee.   CPF Contribution Rates CPF Allocation Rates Singaporeans / 3rd Year SPR  Table D Age (Years) Contribution: Employer’s Share (% of wage) Employee’s Share (% of wage) Total (% of wage) 35 & below 11.25 15 26.25 Above 35 – 45 11.25 15 26.25 Above 45 – 50 11.25 15 26.25 Above 50 – 55 8.25 13.5 21.75 Above 55 – 60 6 9.375 15.375 Above 60 – 65 4.125 5.625 9.75 Above 65 4.125 3.75 7.875      Table 2 Age (Years) Credited to: Ordinary Account (Ratio of Con) Special Account (Ratio of Con) Medisave Account (Ratio of Con) 35 & below 0.6572 0.1428 0.2000 Above 35 – 45 0.6001 0.1714 0.2285 Above 45 – 50 0.5429 0.2000 0.2571 Above 50 – 55 0.4484 0.2413 0.3103 Above 55 – 60 0.5610 0 0.4390 Above 60 – 65 0.3077 0 0.6923 Above 65 0.0953 0 0.9047 For example: If the employee (30 years old) contributes $100, the ratio of CPF contribution applicable to him is 0.6572 for the Ordinary Account, 0.1428 for the Special Account and 0.2000 for the Medisave Account. His CPF contributions will be allocated as follows: Age CPF Con Ordinary Account Special Account Medisave Account 35 & below $100 $65.72 ($100 - $20.00 - $14.28) $14.28 ($100 x 0.1428) $20.00 ($100 x 0.2000) 1st Year SPR / 2nd Year SPR Table E Graduated Employer – Graduated Employee Year 1 SPR Year 2 SPR Table F Full Employer – Graduated Employee Year 1 SPR Year 2 SPR