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CPF Contribution
 

CPF Contribution and Allocation Rates from 1 January 2014 New!

 

From 1 January 2014, the CPF contribution rates for low-wage workers will be increased to help them save more for retirement. Private sector employees and government non-pensionable employees, including first and second year Singapore Permanent Residents (SPR), who are earning monthly wages of >$50 to <$1,500 will benefit from the changes. The following changes will apply to wages earned from 1 January 2014:

 
(i) Increase in Employer’s CPF Contribution Rate
  The phased-in employer’s CPF contribution rates for all employees aged above 35 years old and earning wages of >$50 to <$1,500 will be increased to the full rates.

There is no change for employees aged 35 years and below and earning wages of >$50 to <$1,500 as the full employer’s CPF contribution rate already applies.
 
(ii) Increase in Employee’s CPF Contribution Rate
  The phased-in employee’s CPF contribution rates for all employees earning wages of >$500 to <$750 will be increased. The phased-in employee's contribution rates for all employees earning wages of >$750 to <$1,500 will be increased to the full rates.

There is no change for employees earning wages of ≤$500 as they are not required to make employee CPF contributions.
 
 

To find out more about the changes, please refer to the Singapore Budget 2013 CPF Initiatives.

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

 
The CPF contribution and allocation rates from 1 January 2014 for the various types of employees are shown below in Sections A and B. The CPF contribution and allocation rates before 1 January 2014 can be found after Section B.

 

SECTION A

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

       Note: For (1), (2) and (3), the Ordinary Wage Ceiling is $5,000.

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 ≥ $750)

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 16 20 36 23 6 7
Above 35-45 16 20 36 21 7 8
Above 45-50 16 20 36 19 8 9
Above 50-55 14 18.5 32.5 13.5

9.5

9.5
Above 55-60 10.5 13 23.5 12 2 9.5
Above 60-65 7 7.5 14.5 3.5 1.5 9.5
Above 65 6.5 5 11.5 1 1 9.5

Note:
 i. The CPF contribution rates for employees earning monthly wages of <$750 are     found in the CPF Contribution Rates Table.
 ii. To determine CPF allocation in terms of 'ratio of contribution' for all employees,     including those earning monthly wages of <$750 and SPRs, refer to the CPF      allocation rates expressed as ratios of contribution.

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)
 
Graduated Employer & Employee (G/G) Contribution Rates Table for 1st year SPR Graduated Employer & Employee (G/G) Contribution Rates Table for 2nd year SPR

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.
Full Employer & Graduated Employee (F/G) Contribution Rates Table for 1st year SPR Full Employer & Graduated Employee (F/G) Contribution Rates Table for 2nd year SPR

 

SECTION B

For   (1) Pensionable Employees (Statutory Bodies) 
       (2) Pensionable Employees (Ministries)

       Note: For (1) and (2), the Ordinary Wage Ceiling is $6,666.67.

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
(for pensionable component only)

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 12 15 27 17.25 4.5 5.25
Above 35-45 12 15 27 15.75 5.25 6
Above 45-50 12 15 27 14.25 6 6.75
Above 50-55 10.5 13.875 24.375 10.125 7.125 7.125
Above 55-60 7.875 9.75 17.625 9 1.5 7.125
Above 60-65 5.25 5.625 10.875 3 1.125 6.75
Above 65 4.875 3.75 8.625 0.75 0.75 7.125

Note:
 i. The CPF contribution rates for pensionable employees whose monthly wages     comprise both pensionable and non-pensionable components are found in the CPF      Contribution Rates Table.
 ii. To determine CPF allocation in terms of 'ratio of contribution' for pensionable     employees (pensionable component only), including SPRs, refer to the CPF      allocation rates expressed as ratios of contribution.

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)
 
Graduated Employer & Employee (G/G) Contribution Rates Table for 1st year SPR Graduated Employer & Employee (G/G) Contribution Rates Table for 2nd year SPR

Full Employer & Graduated Employee rates:

- Pensionable Employees (Ministries); &
- Pensionable Employees (Statutory Bodies) who have jointly applied with employer to contribute at full employer rates.
Full Employer & Graduated Employee (F/G) Contribution Rates Table for 1st year SPR Full Employer & Graduated Employee (F/G) Contribution Rates Table for 2nd year SPR

 
 
The CPF contribution and allocation rates prior to 1 January 2014 are available at the links below:
 
 

If you have further enquiries on CPF contribution rates, please call CPF Call Centre at 1800-227-1188 or email to employer@cpf.gov.sg.

 

 Last Updated on: Tuesday, November 05, 2013 at 5:23 PM
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