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Epica FAQ Series

What is the contribution rate of CPF (Central Provident Fund)?

CPF

What is the contribution rate of CPF (Central Provident Fund)?

CPF contribution rates depend on two essential factors. These factors are the age group and wage band. Contribution rates also depend on the residential status of a person.

Type of employment also plays a crucial role in determining the CPF contribution rates of a person. There are two tables below to help you understand the CPF contribution rates for employees and employers.

Table 1 demonstrates contribution rates for people who are either private-sector employees or are non-pensionable employees in the public sector.

Table 2 demonstrates contribution rates for people who are public sector pensionable employees.

These contribution rates are applied to Singapore Citizens or Singapore Permanent Residents who are in the third year after gaining this status. These rates are also applied to Singapore Permanent Residents who are in the first two years after acquiring the status but have applied with their employers to contribute at full employer-full employee rates.

These rates are based on monthly wages that are more than or equal to $750, which is considered as the average pay.

Table 1 private sector and public sector non-pensionable employees

Age of employee Contribution rate by employer Contribution rate by employee Total contribution rate
55 and below 17 20 37
More than 55 to 60 13 13 26
More than 60 to 65 9 7.5 16.5
65 Above 7.5 5 12.5

Table 2 public sector pensionable employees

Age of employee Contribution rate by employer Contribution rate by employee Total contribution rate
55 and below 12.75 15 27.75
More than 55 to 60 9.75 9.75 19.5
More than 60 to 65 6.75 5.625 12.375
65 Above 5.625 3.75 9.375

We can acknowledge that the maximum CPF contribution rate for an employee is 20%, while it is 17% for an employer.

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