CPF Contribution and Allocation Rates
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.
Private Sector and Public Sector (Non-Pensionable. Rates effective from 1st April 2000)
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 & below 12 20 32 24 2 6 Above 35 - 45 12 20 32 23 2 7 Above 45 - 55 12 20 32 22 2 8 Above 55 - 60 4.5 12.5 17 9 0 8 Above 60 - 65 2.5 7.5 10 2 0 8 Above 65 2.5 5 7.5 0 0 7.5
Private Sector (CoWEC. Rates effective from 1st April 2000)**
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 & below 12 20 32 24 2 6 Above 35 - 45 12 20 32 23 2 7 Above 45 - 55 12 20 32 22 2 8 Above 55 - 60 4.5 12.5 17 9 0 8 Above 60 - 65 2.5 7.5 10 2 0 8 Above 65 2.5 5 7.5 0 0 7.5
**There will be no more new contributions to the COWEC Fund.
Public Sector (Pensionable. Rates effective from 1st April 2000)
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 & below 9 15 24 18 1.5 4.5 Above 35 - 45 9 15 24 17.25 1.5 5.25 Above 45 - 55 9 15 24 16.5 1.5 6 Above 55 - 60 3.375 9.375 12.75 6.75 0 6 Above 60 - 65 1.875 5.625 7.5 1.5 0 6 Above 65 1.875 3.75 5.625 0.375 0 5.25
Permanent Residents in the Private Sector and Government Non-Pensionable Officers working in the Statutory Board (Effective from 1st April 2000)
Age of Employee Year of Acquiring PR Status 1st 2nd Employer Share (% of wage) Employee Share (% of wage) Employer Share (% of wage) Employee Share (% of wage) 55 and Below 3 5 9 15 Above 55 - 60 3 5 4.5 12.5 Above 60 - 65 2.5 5 2.5 7.5 Above 65 2.5 5 2.5 5
Permanent Residents who are Government Non-Pensionable Officers working in the Ministries (Effective from 1st April 2000)
Age of Employee Year of Acquiring PR Status 1st 2nd Employer Share (% of wage) Employee Share (% of wage) Employer Share (% of wage) Employee Share (% of wage) 55 and Below 12 5 12 15 Above 55 - 60 4.5 5 4.5 12.5 Above 60 - 65 2.5 5 2.5 7.5 Above 65 2.5 5 2.5 5
Permanent Residents who are Government Pensionable Officers working in the Statutory Board (Effective from 1st April 2000)
Age of Employee Year of Acquiring PR Status 1st 2nd Employer Share (% of wage) Employee Share (% of wage) Employer Share (% of wage) Employee Share (% of wage) 55 and Below 2.25 3.75 6.75 11.25 Above 55 - 60 2.25 3.75 3.375 9.375 Above 60 - 65 1.875 3.75 1.875 5.625 Above 65 1.875 3.75 1.875 3.75
Permanent Residents who are Government Pensionable Officers working in the Ministries (Effective from 1st April 2000)
Age of Employee Year of Acquiring PR Status 1st 2nd Employer Share (% of wage) Employee Share (% of wage) Employer Share (% of wage) Employee Share (% of wage) 55 and Below 9 3.75 9 11.25 Above 55 - 60 3.75 3.75 3.375 9.375 Above 60 - 65 1.875 3.75 1.875 5.625 Above 65 1.875 3.75 1.875 3.75
Note 1) Maximum contribution for the public sector is calculated based on a salary ceiling of $7,000 on the employer's share and $6,000 on the employee's share. Note 2) Maximum contribution for the private sector is calculated based on a salary ceiling of $6,000 on both the employer's and the employee's share.