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CPF CONTRIBUTION AND ALLOCATION RATES

 

From 1 OCTOBER 2003, the employer's CPF contribution rate for workers aged 55 and below in the private sector will be cut by 3 percentage points. The CPF contribution rates for pensionable officers in the Public Sector have been 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, 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 Into
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 - 55		 13 20 33 18 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 Into
Ordinary Account
%		 Special Account
%		 Medisave Account
%
35 & below 9.75 15 24.75 16.75 3.75 4.5
Above
35 - 45		 9.75 15 24.75 15 4.5 5.25
Above
45 - 55		 9.75 15 24.75 13.5 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
 
Year of Acquiring PR Status Age of Employee
55 and Below Above 55 - 60 Above 60 - 65 Above 65
Employer Contribution (% of wage) Employee Contribution (% of wage) Employer Contribution (% of wage)
 		 Employee Contribution
(% of wage) 		Employer Contribution
(% of wage) 		Employee Contribution
(% of wage) 		Employer Contribution
(% of wage) 		Employee Contribution
(% of wage)
1st 4 5 4 5 3.5 5 3.5 5
2nd 9 15 6 12.5 3.5 7.5 3.5 5
 
Note: For employer and SPRs who want to contribute more, please click here.
 
TABLE D
For Singapore Permanent Residents (SPRs) who are Government Non-Pensionable Employees working in the Ministries
 
Year of Acquiring PR Status Age of Employee
55 and Below Above 55 - 60 Above 60 - 65 Above 65
Employer Contribution (% of wage) Employee Contribution (% of wage) Employer Contribution (% of wage) Employee Contribution (% of wage) Employer Contribution (% of wage) Employee Contribution
(% of wage) 		Employer Contribution (% of wage) Employee Contribution (% of wage)
1st 13 5 6 5 3.5 5 3.5 5
2nd 13 15 6 12.5 3.5 7.5 3.5 5
 
TABLE E
For Singapore Permanent Residents (SPRs) who are Government Pensionable Employees working in the Ministries
 
Year of Acquiring PR Status Age of Employee
55 and Below Above 55 - 60 Above 60 - 65 Above 65
Employer Contribution (% of wage) Employee Contribution
(% of wage) 		Employer Contribution
(% of wage) 		Employee Contribution
(% of wage) 		Employer Contribution
(% of wage)		 Employee Contribution
(% of wage) 		Employer Contribution
(% of wage) 		Employee Contribution
(% of wage)
1st 9.75 3.75 4.5 3.75 2.625 3.75 2.625 3.75
2nd 9.75 11.25 4.5 9.375 2.625 5.625 2.625 3.75
 
TABLE F
For Singapore Permanent Residents (SPRs) who are Non-Pensionable Employees working in the Statutory Bodies & Aided Schools
 
Year of Acquiring PR Status Age of Employee
55 and Below Above 55 -60 Above 60 - 65 Above 65
Employer Contribution
(% of wage)		 Employee Contribution
(% of wage) 		Employer Contribution
(% of wage) 		Employee Contribution
(% of wage) 		Employer Contribution
(% of wage) 		Employee Contribution
(% of wage) 		Employer Contribution
(% of wage) 		Employee Contribution
(% of wage)
1st 4 5 4 5 3.5 5 3.5 5
2nd 9 15 6 12.5 3.5 7.5 3.5 5
 
TABLE G
For Singapore Permanent Residents (SPRs) who are Pensionable Employees working in the Statutory Bodies & Aided Schools
 
Year of Acquiring PR Status Age of Employee
55 and Below Above 55 -60 Above 60 - 65 Above 65
Employer Contribution
(% of wage)		 Employee Contribution
(% of wage) 		Employer Contribution
(% of wage) 		Employee Contribution
(% of wage) 		Employer Contribution
(% of wage) 		Employee Contribution
(% of wage) 		Employer Contribution
(% of wage) 		Employee Contribution
(% of wage)
1st 3 3.75 3 3.75 2.625 3.75 2.625 3.75
2nd 6.75 11.25 4.5 9.375 2.625 5.625 2.625 3.75
 
Notes
(1) Maximum contribution for the private sector is calculated based on a salary ceiling of $6,000.00 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 $7,000.00 for the employer and $6,000.00 for 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 $9,333.34 for the employer and $8,000.00 for the employee.