Singapore Central Provident Fund (CPF) Contribution Rates -- Singapore Company -- kaizen

Quick Acess

Singapore Company

Current position : Service >> Singapore Company

Singapore Central Provident Fund (CPF) Contribution Rates

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 A to J. Contributions are first allocated to the Medisave Account, followed by the Special Account. The balance is then allocated to the Ordinary Account.

Employee Age (years)	CPF contribution	Ordinary Account	Special Account	Medisave Account
35 & below	$100	$66.67 ($100 - $18.84 - $14.49)	$14.49 ($100 x 0.1449)	$18.84 ($100 x 0.1884)

TABLE A

For	(1)	Private Sector Employees
	(2)	Government Non-Pensionable Employees
	(3)	Non-Pensionable Employees in Statutory Bodies & Aided Schools
	(4)	Singapore Permanent Resident (SPR) employees from their 3rd year onwards

Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Credited Into
Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Ordinary Account (Ratio of Con)	Special Account (Ratio of Con)	Medisave Account (Ratio of Con)
35 & below	14.5	20	34.5	0.6667	0.1449	0.1884
Above 35 - 45	14.5	20	34.5	0.6088	0.1739	0.2173
Above 45 - 50	14.5	20	34.5	0.5509	0.2028	0.2463
Above 50 - 55	10.5	18	28.5	0.4562	0.2456	0.2982
Above 55 - 60	7.5	12.5	20	0.575	0	0.425
Above 60 - 65	5	7.5	12.5	0.28	0	0.72
Above 65	5	5	10	0.1	0	0.9

TABLE B

For	(1)	Government Pensionable Employees
	(2)	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
Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Ordinary Account (Ratio of Con)	Special Account (Ratio of Con)	Medisave Account (Ratio of Con)
35 & below	10.875	15	25.875	0.6667	0.1449	0.1884
Above 35 - 45	10.875	15	25.875	0.6088	0.1739	0.2173
Above 45 - 50	10.875	15	25.875	0.5509	0.2028	0.2463
Above 50 - 55	7.875	13.5	21.375	0.4562	0.2456	0.2982
Above 55 - 60	5.625	9.375	15	0.575	0	0.425
Above 60 - 65	3.75	5.625	9.375	0.32	0	0.68
Above 65	3.75	3.75	7.5	0.1	0	0.9

TABLE C

For 1st Year Singapore Permanent Resident (SPR)
	(1)	Private Sector employees
	(2)	Non-Pensionable Employees working in the Statutory Bodies & Aided Schools

Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Credited Into
Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Ordinary Account (Ratio of Con)	Special Account (Ratio of Con)	Medisave Account (Ratio of Con)
35 & below	4	5	9	0.6667	0.1449	0.1884
Above 35 - 45	4	5	9	0.6088	0.1739	0.2173
Above 45 - 50	4	5	9	0.5509	0.2028	0.2463
Above 50 - 55	4	5	9	0.4562	0.2456	0.2982
Above 55 - 60	4	5	9	0.575	0	0.425
Above 60 - 65	3.5	5	8.5	0.28	0	0.72
Above 65	3.5	5	8.5	0.1	0	0.9

TABLE D

For 2nd Year Singapore Permanent Resident (SPR)
	(1)	Private Sector employees
	(2)	Non-Pensionable Employees working in the Statutory Bodies & Aided Schools

Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Credited Into
Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Ordinary Account (Ratio of Con)	Special Account (Ratio of Con)	Medisave Account (Ratio of Con)
35 & below	9	15	24	0.6667	0.1449	0.1884
Above 35 - 45	9	15	24	0.6088	0.1739	0.2173
Above 45 - 50	9	15	24	0.5509	0.2028	0.2463
Above 50 - 55	9	15	24	0.4562	0.2456	0.2982
Above 55 - 60	6	12.5	18.5	0.575	0	0.425
Above 60 - 65	3.5	7.5	11	0.28	0	0.72
Above 65	3.5	5	8.5	0.1	0	0.9

TABLE E

For 1st Year Singapore Permanent Residents (SPRs) who are Government Pensionable Employees working in the Ministries

Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Credited Into
Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Ordinary Account (Ratio of Con)	Special Account (Ratio of Con)	Medisave Account (Ratio of Con)
35 & below	10.875	3.75	14.625	0.6667	0.1449	0.1884
Above 35 - 45	10.875	3.75	14.625	0.6088	0.1739	0.2173
Above 45 - 50	10.875	3.75	14.625	0.5509	0.2028	0.2463
Above 50 - 55	7.875	3.75	11.625	0.4562	0.2456	0.2982
Above 55 - 60	5.625	3.75	9.375	0.575	0	0.425
Above 60 - 65	3.75	3.75	7.5	0.32	0	0.68
Above 65	3.75	3.75	7.5	0.1	0	0.9

TABLE F

For 2nd Year Singapore Permanent Residents (SPRs) who are Government Pensionable Employees working in the Ministries

Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Credited Into
Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Ordinary Account (Ratio of Con)	Special Account (Ratio of Con)	Medisave Account (Ratio of Con)
35 & below	10.875	11.25	22.125	0.6667	0.1449	0.1884
Above 35 - 45	10.875	11.25	22.125	0.6088	0.1739	0.2173
Above 45 - 50	10.875	11.25	22.125	0.5509	0.2028	0.2463
Above 50 - 55	7.875	11.25	19.125	0.4562	0.2456	0.2982
Above 55 - 60	5.625	9.375	15	0.575	0	0.425
Above 60 - 65	3.75	5.625	9.375	0.32	0	0.68
Above 65	3.75	3.75	7.5	0.1	0	0.9

TABLE G

For 1st Year Singapore Permanent Residents (SPRs) who are Government Non-Pensionable Employees working in the Ministries

Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Credited Into
Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Ordinary Account (Ratio of Con)	Special Account (Ratio of Con)	Medisave Account (Ratio of Con)
35 & below	14.5	5	19.5	0.6667	0.1449	0.1884
Above 35 - 45	14.5	5	19.5	0.6088	0.1739	0.2173
Above 45 - 50	14.5	5	19.5	0.5509	0.2028	0.2463
Above 50 - 55	10.5	5	15.5	0.4562	0.2456	0.2982
Above 55 - 60	7.5	5	12.5	0.575	0	0.425
Above 60 - 65	5	5	10	0.28	0	0.72
Above 65	5	5	10	0.1	0	0.9

TABLE H

For 2nd Year Singapore Permanent Residents (SPRs) who are Government Non-Pensionable Employees working in the Ministries

Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Credited Into
Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Ordinary Account (Ratio of Con)	Special Account (Ratio of Con)	Medisave Account (Ratio of Con)
35 & below	14.5	15	29.5	0.6667	0.1449	0.1884
Above 35 - 45	14.5	15	29.5	0.6088	0.1739	0.2173
Above 45 - 50	14.5	15	29.5	0.5509	0.2028	0.2463
Above 50 - 55	10.5	15	25.5	0.4562	0.2456	0.2982
Above 55 - 60	7.5	12.5	20	0.575	0	0.425
Above 60 - 65	5	7.5	12.5	0.28	0	0.72
Above 65	5	5	10	0.1	0	0.9

TABLE I

For 1st Year Singapore Permanent Residents (SPRs) who are Pensionable Employees working in the Statutory Bodies & Aided Schools

Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Credited Into
Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Ordinary Account (Ratio of Con)	Special Account (Ratio of Con)	Medisave Account (Ratio of Con)
35 & below	3	3.75	6.75	0.6667	0.1449	0.1884
Above 35 - 45	3	3.75	6.75	0.6088	0.1739	0.2173
Above 45 - 50	3	3.75	6.75	0.5509	0.2028	0.2463
Above 50 - 55	3	3.75	6.75	0.4562	0.2456	0.2982
Above 55 - 60	3	3.75	6.75	0.575	0	0.425
Above 60 - 65	2.625	3.75	6.375	0.32	0	0.68
Above 65	2.625	3.75	6.375	0.1	0	0.9

TABLE J

For 2nd Year Singapore Permanent Residents (SPRs) who are Pensionable Employees working in the Statutory Bodies & Aided Schools

Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Credited Into
Employee Age (years)	Contribution By Employer (% of wage)	Contribution By Employee (% of wage)	Total Contribution (% of wage)	Ordinary Account (Ratio of Con)	Special Account (Ratio of Con)	Medisave Account (Ratio of Con)
35 & below	6.75	11.25	18	0.6667	0.1449	0.1884
Above 35 - 45	6.75	11.25	18	0.6088	0.1739	0.2173
Above 45 - 50	6.75	11.25	18	0.5509	0.2028	0.2463
Above 50 - 55	6.75	11.25	18	0.4562	0.2456	0.2982
Above 55 - 60	4.5	9.375	13.875	0.575	0	0.425
Above 60 - 65	2.625	5.625	8.25	0.32	0	0.68
Above 65	2.625	3.75	6.375	0.1	0	0.9

Notes

(1)	Maximum contribution for the private sector is calculated based on a salary ceiling of $4,500 for both the employer and the employee.

(2)	Maximum contribution for Non-Pensionable Employees in Government Ministries and Statutory Bodies & Aided Schools are calculated based on a salary ceiling of $4,500 for both the employer and the employee.

(3)	Maximum contribution for Pensionable Employees in Government Ministries and Statutory Bodies & Aided Schools groups are calculated based on a salary ceiling of $6,000 for both the employer and the employee.

Previous two similar articles:

Print this page |

Offshore Company