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CPF contributions are payable to employees who are Singapore Citizens and Singapore Permanent Residents (SPRs) at current CPF contribution rates. Learn how to calculate the amount of CPF contributions you need to pay. Updates on 1 April 2024.
(a) From 1 January 2025, the CPF contribution rates for employees aged above 55 to 65 will be increased to strengthen their retirement adequacy. The changes apply to wages earned from 1 January 2025: For employees earning monthly wages > $750
CPF contribution calculator. A tool for employers and employees to calculate their CPF contributions. Use this calculator to compute the monthly CPF contributions payable for private sector and non-pensionable government employees.
Apr 15, 2024 · Complete Guide To Your CPF Contributions In Singapore (2024): Salary Caps, Contribution Rates And Allocation Rates Here’s how much you are contributing to your CPF accounts, at every income level and age group.
Feb 27, 2024 · The CPF contribution rate increase in 2024 is all part of the plan to gradually increase CPF contribution rates for older workers from now till 2030 or so. The goal? Hit a 37% total contribution rate for those aged >55 to 70 years by 2030.
Jan 10, 2024 · From 1 January 2024 onwards, employers may have to make more CPF contributions for their employees as the monthly salary ceiling rises to $6,800 per month. The monthly salary ceiling is also slated to rise to $8,000 in 2026. There is no change to the Annual CPF Limit though – which remains at $37,740.
May 29, 2024 · How do CPF contributions work? Under the scheme, employees earning more than S$500 per month have to contribute a portion of their salary to their CPF account. The rates of contribution vary according to age bands, slowly reducing from age 55 onwards.
