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Making Voluntary Contributions

You can help build your employees' CPF savings voluntarily through additional contributions. Learn how.

Compliance and rectifications

Learn about enforcement actions for non-compliance, if CPF contributions are not paid correctly and promptly.

Corporate service buyers

Help contribute to the MediSave Accounts of self-employed persons when you hire and pay for their services.

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What are the changes from 1 January 2022?

 

(a) The CPF contribution rates for employees aged above 55 to 70 will be increased to strengthen their retirement adequacy. The changes below will apply to wages earned from 1 January 2022:

For employees earning monthly wages of more than $750

Employees' age
(years)
Current
(% of wage)
CPF Contribution Rates changes from 1 Jan 2022
Total  
(% of wage)
By employer  
(% of wage)
By employee  
(% of wage)
Above 55 to 60 26 +2 +1 +1
Above 60 to 65 16.5 +2 +1 +1
Above 65 to 70 12.5 +1.5 +0.5 +1

(b) The increase in the CPF contribution rates will be fully allocated to the employees’ Special Account to provide a bigger boost to their retirement income.

 

(c) For those earning monthly wages of more than $500 to $750, the employee contribution rates will continue to be phased in.

 

(d) There are no changes to the graduated contribution rates for first and second year Singapore Permanent Residents (SPRs). 

 

(e) There are no changes to the Ordinary Wage (OW) Ceiling and Additional Wage Ceiling.

What are the revised CPF contribution rates?

 

The following table summarises the contribution rates for Singapore Citizens and SPRs (from third year and onwards) from 1 January 2022. 

Employee's age
(years)
CPF Contribution Rates changes from 1 Jan 2022
(monthly wages > $750)
Total
(% of wage)
By employer
(% of wage)
By employee
(% of wage)
55 & below 37 17 20
Above 55 to 60 28 14 14
Above 60 to 65 18.5 10 8.5
Above 65 to 70 14 8 6
Above 70 12.5 7.5 5

You may refer to the complete CPF contribution rate tables (Tables 1 to 5) (PDF, 0.2MB) for more details.