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Singapore Central Provident Fund (CPF) Contribution Rates

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Singapore Central Provident Fund (CPF) Contribution Rates

Allocation of CPF Contributions

The CPF contributions are allocated to the Ordinary, Special and Medisave Accounts based on the ratio of contributions shown in Tables 1 to 7. Contributions are first allocated to the Medisave Account, followed by the Special Account. The balance is then allocated to the Ordinary Account.

Table 1: CPF Allocation Rates from 1 January 2016

Employee Age

(years)

CPF contribution

Ordinary Account

Special Account

Medisave Account

35 & below

$100

$62.17

($100-$21.62-$16.21)

$16.21

($100 X 0.1621)

$21.62

($100 X 0.2162)




Table 2: Contribution rates from 1 January 2016 for private sector and public sector non-pensionable employees being:
  • Singapore Citizen
  • Singapore Permanent Resident (SPR) employees from their 3rd year onwards
  • Government Non-Pensionable Employees
  • Non-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 (Ratio of Con)

Special Account (Ratio of Con)

Medisave Account (Ratio of Con)

35 & below

17

20

37

0.6217

0.1621

0.2162

Above 35-45

17

20

37

0.5677

0.1891

0.2432

Above 45-50

17

20

37

0.5136

0.2162

0.2702

Above 50-55

17

20

37

0.4055

0.3108

0.2837

Above 55-60

13

13

26

0.4616

0.1346

0.4038

Above 60-65

9

7.5

16.5

0.2122

0.1515

0.6363

Above 65

7.5

5

12.5

0.08

0.08

0.84




Table 3: Contribution rates from 1 January 2016 for Government Pensionable Employees and 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 (Ratio of Con)

Special Account (Ratio of Con)

Medisave Account (Ratio of Con)

35 & below

12.75

15

27.75

0.6217

0.1621

0.2162

Above 35-45

12.75

15

27.75

0.5677

0.1891

0.2432

Above 45-50

12.75

15

27.75

0.5136

0.2162

0.2702

Above 50-55

12.75

15

27.75

0.4055

0.3108

0.2837

Above 55-60

9.75

9.75

19.5

0.4616

0.1346

0.4038

Above 60-65

6.75

5.625

12.375

0.2425

0.1515

0.6060

Above 65

5.625

3.75

9.375

0.08

0.08

0.84




Table 4: Contribution rates for 1st Year SPR from 1 January 2016 for Private Sector and Non-Pensionable Employees (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 (Ratio of Con)

Special Account (Ratio of Con)

Medisave Account (Ratio of Con)

35 & below

4

5

9

0.6217

0.1621

0.2162

Above 35-45

4

5

9

0.5677

0.1891

0.2432

Above 45-50

4

5

9

0.5136

0.2162

0.2702

Above 50-55

4

5

9

0.4055

0.3108

0.2837

Above 55-60

4

5

9

0.4616

0.1346

0.4038

Above 60-65

3.5

5

8.5

0.2122

0.1515

0.6363

Above 65

3.5

5

8.5

0.08

0.08

0.84




Table 5: Contribution rates for 2nd  Year SPR from 1 January 2016 for Private Sector and Non-Pensionable Employees (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 (Ratio of Con)

Special Account (Ratio of Con)

Medisave Account (Ratio of Con)

35 & below

9

15

24

0.6217

0.1621

0.2162

Above 35-45

9

15

24

0.5677

0.1891

0.2432

Above 45-50

9

15

24

0.5136

0.2162

0.2702

Above 50-55

9

15

24

0.4055

0.3108

0.2837

Above 55-60

6

12.5

18.5

0.4616

0.1346

0.4038

Above 60-65

3.5

7.5

11

0.2122

0.1515

0.6363

Above 65

3.5

5

8.5

0.08

0.08

0.84




Table 6: Contribution rates for 1st   Year SPR from 1 January 2016 for Public Sector and Pensionable Employees (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 (Ratio of Con)

Special Account (Ratio of Con)

Medisave Account (Ratio of Con)

35 & below

3

3.75

6.75

0.6217

0.1621

0.2162

Above 35-45

3

3.75

6.75

0.5677

0.1891

0.2432

Above 45-50

3

3.75

6.75

0.5136

0.2162

0.2702

Above 50-55

3

3.75

6.75

0.4055

0.3108

0.2837

Above 55-60

3

3.75

6.75

0.4616

0.1346

0.4038

Above 60-65

3.5

3.75

6.375

0.2425

0.1515

0.6060

Above 65

3.5

5

8.5

0.08

0.08

0.84




Table 7: Contribution rates for 2nd    Year SPR from 1 January 2016 for Public Sector and Pensionable Employees (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 (Ratio of Con)

Special Account (Ratio of Con)

Medisave Account (Ratio of Con)

35 & below

6.75

11.25

18

0.6217

0.1621

0.2162

Above 35-45

6.75

11.25

18

0.5677

0.1891

0.2432

Above 45-50

6.75

11.25

18

0.5136

0.2162

0.2702

Above 50-55

6.75

11.25

18

0.4055

0.3108

0.2837

Above 55-60

4.5

9.375

13.875

0.4616

0.1346

0.4038

Above 60-65

2.625

5.625

8.25

0.2425

0.1515

0.6060

Above 65

2.625

3.75

6.375

0.08

0.08

0.84




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