The CPF (Central Provident Fund) contribution rate in Singapore varies based on the employee's age. For employees aged 55 and below, the total CPF contribution rate is currently 37% of the monthly wage (17% contributed by the employer and 20% by the employee) for those earning above SGD 750 per month. The rates decrease for older age groups, for example, above 55 to 60 the total is 32.5%, and further lower for higher age bands. Here is a summary of the CPF contribution rates effective from January 1, 2025, for employees earning above SGD 750/month:
Age Group| Employer Contribution| Employee Contribution| Total Contribution
---|---|---|---
55 and below| 17%| 20%| 37%
Above 55 to 60| 15.5%| 17%| 32.5%
Above 60 to 65| 12%| 11.5%| 23.5%
Above 65 to 70| 9%| 7.5%| 16.5%
Above 70| 7.5%| 5%| 12.5%
From January 1, 2026, some of these rates will increase slightly for older groups to improve retirement adequacy. Thus, CPF contribution percent depends on age but a typical rate for younger employees (55 and below) is 37% total (split between employer and employee) of wages above SGD 750 monthly.
