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CPF Contribution
 

CPF Contribution and Allocation Rates from 1 January 2006 to 30 June 2007  
   

From 1 January 2006, the CPF salary ceiling for the workers in the private sector will be further lowered from $5,000 to $4,500. At the same time, CPF employer and employee contribution rates for older workers aged above 50 – 55 will also be reduced from 30% to 27%.The CPF salary ceilings and contribution rates for older workers aged above 50 – 55 in the public sector will be reduced proportionately as well.

The information below applies to employees with monthly wages above $750.

For details on how CPF is paid on wages below $750 for the workers in the private sector, please refer to the CPF Contribution Rate Booklets.

 
 
TABLE A
For (1) Private Sector Employees
  (2) Government Non-Pensionable Employees
  (3) Non-Pensionable Employees in Statutory Bodies & Aided Schools
  (4) Singapore Permanent Resident (SPR) employees from their 3rd year onwards
 
Employee Age
(years)
Contribution By Employer
(% of wage)
Contribution By Employee
(% of wage)
Total Contribution
(% of wage)
Credited to
Ordinary Account
%
Special Account
%
Medisave Account
%
35 & below 13 20 33 22 5 6
Above
35 - 45
13 20 33 20 6 7
Above
45 - 50
13 20 33 18 7 8
Above
50 - 55
9 18 27 12 7 8
Above
55 - 60
6 12.5 18.5 10.5 0 8
Above
60 - 65
3.5 7.5 11 2.5 0 8.5
Above 65 3.5 5 8.5 0 0 8.5
             
TABLE B
For (1) Government Pensionable Employees
  (2) Pensionable Employees in Statutory Bodies & Aided Schools
Employee Age
(years)
Contribution By Employer
(% of wage)
Contribution By Employee
(% of wage)
Total Contribution
(% of wage)
Credited to
Ordinary Account
%
Special Account
%
Medisave Account
%
35 & below 9.75 15 24.75 16.5 3.75 4.5
Above
35 - 45
9.75 15 24.75 15 4.5 5.25
Above
45 - 50
9.75 15 24.75 13.5 5.25 6
Above
50 - 55
6.75 13.5 20.25 9 5.25 6
Above
55 - 60
4.5 9.375 13.875 7.875 0 6
Above
60 - 65
2.625 5.625 8.25 2.25 0 6
Above 65 2.625 3.75 6.375 0 0 6.375
 
TABLE C
For Singapore Permanent Resident (SPR) employees in the Private Sector
 
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)
50 and Below 4 5 9 15
Above 50 - 55 4 5 9 15
Above 55 - 60 4 5 6 12.5
Above 60 - 65 3.5 5 3.5 7.5
Above 65 3.5 5 3.5 5
 
TABLE D
For Singapore Permanent Residents (SPRs) who are Government Non-Pensionable Employees working in the Ministries
 
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)
50 and Below 13 5 13 15
Above 50 - 55 9 5 9 15
Above 55 - 60 6 5 6 12.5
Above 60 - 65 3.5 5 3.5 7.5
Above 65 3.5 5 3.5 5
 
TABLE E
For Singapore Permanent Residents (SPRs) who are Government Pensionable Employees working in the Ministries
 
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)
50 and Below 9.75 3.75 9.75 11.25
Above 50 - 55 6.75 3.75 6.75 11.25
Above 55 - 60 4.5 3.75 4.5 9.375
Above 60 - 65 2.625 3.75 2.625 5.625
Above 65 2.625 3.75 2.625 3.75
 
TABLE F
For Singapore Permanent Residents (SPRs) who are Non-Pensionable Employees working in the Statutory Bodies & Aided Schools
 
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)
50 and Below 4 5 9 15
Above 50 - 55 4 5 9 15
Above 55 - 60 4 5 6 12.5
Above 60 - 65 3.5 5 3.5 7.5
Above 65 3.5 5 3.5 5
 
TABLE G
For Singapore Permanent Residents (SPRs) who are Pensionable Employees working in the Statutory Bodies & Aided Schools
 
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)
50 and Below 3 3.75 6.75 11.25
Above 50 - 55 3 3.75 6.75 11.25
Above 55 - 60 3 3.75 4.5 9.375
Above 60 - 65 2.625 3.75 2.625 5.625
Above 65 2.625 3.75 2.625 3.75
 
Notes

(1) Maximum contribution for the private sector is calculated based on a salary ceiling of $4,500 for both the employer and the employee.

(2) Maximum contribution for Non-Pensionable Employees in Government Ministries and Statutory Bodies & Aided Schools are calculated based on a salary ceiling of $4,500 for both the employer and the employee.

(3) Maximum contribution for Pensionable Employees in Government Ministries and Statutory Bodies & Aided Schools groups are calculated based on a salary ceiling of $6,000 for both the employer and the employee.

 

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