How much CPF contributions to pay

Making Voluntary Contributions

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Updates on 1 April 2024

To keep pace with rising wages and strengthen retirement adequacy of senior employees, there will be changes to the CPF Ordinary Wage ceiling and contribution rates from 1 Jan 2025. Find out more about these changes.

Employee's age (years)

Contribution rates from 1 January 2024

(monthly wages > $750)

By employer

(% of wage)

By employee

(% of wage)

Total

(% of wage)

55 and below

17

20

37

Above 55 to 60

15

16

31

Above 60 to 65

11.5

10.5

22

Above 65 to 70

9

7.5

16.5

Above 70

7.5

5

12.5


Step 1: Select the contribution rate table based on citizenship status




Step 2: Determine the rates based on age group and wage band



Step 3: Determine the Total Wages subject to CPF contributions


Step 4: Compute the CPF contributions on Total Wages