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CPF Contribution Rate Table from 1 January 2022 for Singapore Permanent Residents (SPR) during 1 st year of SPR status under Full Employer & Graduated Employee contribution rates (F/G)
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Jan 1, 2024 · Learn how to calculate the amount of CPF contributions you need to pay for your employees who are Singapore Citizens and Singapore Permanent Residents. See the current contribution rates, wage ceilings, and changes from 1 Jan 2025.
Jan 1, 2022 · The CPF contribution rates for employees aged above 55 to 70 have been increased from 1 January 2022 to strengthen their retirement adequacy. See the new rates, the reference materials and the sources from the CPF website.
This calculator has been updated to include rates applicable from January 2024. If you are an employer using CPF EZPay to submit and pay CPF contributions, you do not have to use this tool. CPF EZPay auto-computes employee CPF contributions for you.
Apr 15, 2024 · How Much Do I Need To Contribute To My CPF Each Month? Each month, we contribute up to 20% of our salary, and our employers have to contribute up to 17% of our salary to our CPF accounts up to a salary cap of $6,800. This percentage may vary depending on our age and our income.
- Dinesh Dayani
Mar 3, 2022 · According to the Budget 2022, CPF contribution rate for 60 to 65-year-olds will be increased to 20.5 per cent from January 2023 onwards. By the way, if you’re self-employed, none of the...
Find out how CPF contribution rates for senior workers aged above 55 to 70 will increase gradually from 2022 to 2030, and how employers can get a one-year offset to mitigate the costs. See the current and target rates, and the age bands for each rate.
