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| The table below show the CPF contribution rates by both employers and employees, and how the total CPF contributions are apportioned and credited into your 3 CPF accounts. |
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Employee Age (years) |
Contribution By Employer (% of wage) |
Contribution By Employee (% of wage) |
Total Contribution (% of wage) |
Credited Into |
Ordinary Account % |
Special Account % |
Medisave Account % |
| 35 and below |
10 |
20 |
30 |
24 |
0 |
6 |
| Above 35 - 45 |
10 |
20 |
30 |
23 |
0 |
7 |
| Above 45 - 55 |
10 |
20 |
30 |
22 |
0 |
8 |
| Above 55 - 60 |
4 |
12.5 |
16.5 |
8.5 |
0 |
8 |
| Above 60 - 65* |
2 |
7.5 |
9.5 |
1.5 |
0 |
8 |
| Above 65* |
2 |
5 |
7 |
0 |
0 |
7 | |
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| *The government has previously announced that the employers' share of the CPF contribution for those above 60 years would be reduced to 4% on 1 January 1999 when the retirement age is raised from 60 to 62. With the 10% point CPF cut, the employer's contribution rate for this group of members will be further reduced to 2%. |
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Employee Age (years) |
Contribution By Employer (% of wage) |
Contribution By Employee (% of wage) |
Total Contribution (% of wage) |
Credited Into |
Ordinary Account % |
Special Account % |
Medisave Account % |
| 35 and below |
10 |
20 |
30 |
24 |
0 |
6 |
| Above 35 - 45 |
10 |
20 |
30 |
23 |
0 |
7 |
| Above 45 - 55 |
10 |
20 |
30 |
22 |
0 |
8 |
| Above 55 - 60 |
4 |
12.5 |
16.5 |
8.5 |
0 |
8 |
| Above 60 - 65 |
2 |
5 |
7 |
0 |
0 |
7 |
| Above 65 |
2 |
5 |
7 |
0 |
0 |
7 | |
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| **From 1 January 1999, there will be no more new contributions to the CoWEC Fund. |
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Employee Age (years) |
Contribution By Employer (% of wage) |
Contribution By Employee (% of wage) |
Total Contribution (% of wage) |
Credited Into |
Ordinary Account % |
Special Account % |
Medisave Account % |
| 35 and below |
7.5 |
15 |
22.5 |
18 |
0 |
4.5 |
| Above 35 - 45 |
7.5 |
15 |
22.5 |
17.25 |
0 |
5.25 |
| Above 45 - 55 |
7.5 |
15 |
22.5 |
16.5 |
0 |
6 |
| Above 55 - 60 |
3 |
9.375 |
12.375 |
6.375 |
0 |
6 |
| Above 60 - 65 |
1.5 |
5.625 |
7.125 |
1.125 |
0 |
6 |
| Above 65 |
1.5 |
3.75 |
5.25 |
0 |
0 |
5.25 | |
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| Year of Acquiring PR Status |
Age of Employee |
| 55 years and below |
Above 55 to 60 years |
Above 60 to 65 years |
Above 65 years |
| Contribution By Employer (% of wage) |
Contribution By Employee (% of wage) |
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| (1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
| First Year |
2.5% |
5% |
2.5% |
5% |
2% |
5% |
2% |
5% |
| Second Year |
7.5% |
15% |
4% |
12.5% |
2% |
7.5% |
2% |
5% |
| Third Year onwards |
10% |
20% |
4% |
12.5% |
2% |
7.5% |
2% |
5% | |
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| Note: The rate or contribution payable by the employer is shown in columns (1), (3), (5) and (7), while columns (2), (4), (6) and (8) indicate contributions by the employee. |
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| Year of Acquiring PR Status |
Age of Employee |
| 55 years and below |
Above 55 to 60 years |
Above 60 to 65 years |
Above 65 years |
| Contribution By Employer (% of wage) |
Contribution By Employee (% of wage) |
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| (1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
| First Year |
1.875% |
3.75% |
1.875% |
3.75% |
1.5% |
3.75% |
1.5% |
3.75% |
| Second Year |
5.625% |
11.25% |
3% |
9.375% |
1.5% |
5.625% |
1.5% |
3.75% |
| Third Year onwards |
7.5% |
15% |
3% |
9.375% |
1.5% |
5.625% |
1.5% |
3.75% | |
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| Note: The rate or contribution payable by the employer is shown in columns (1), (3), (5) and (7), while columns (2), (4), (6) and (8) indicate contributions by the employee. |
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