Scheduled Maintenance: CPF digital services will not be available on 4 June 2023 from 12am to 8am.

Making Voluntary Contributions

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Updates on 28 April 2023

To keep pace with rising wages, the CPF Ordinary Wage (OW) ceiling will be raised from $6,000 to $6,300 from 1 Sep 2023. Find out more about the change in OW ceiling.

Employee's age (years)

Contribution rates from 1 January 2023

(monthly wages > $750)

By employer

(% of wage)

By employee

(% of wage)

Total

(% of wage)

55 and below

17

20

37

Above 55 to 60

14.5

15

29.5

Above 60 to 65

11

9.5

20.5

Above 65 to 70

8.5

7

15.5

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