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What were the changes to the CPF contribution rates from 1 January 2024?

The CPF contribution rates for employees aged above 55 to 70 have been increased to strengthen their retirement adequacy. The changes in CPF contribution rates for Singapore Citizens and Singapore Permanent Residents (from third year and onwards) took effect from 1 January 2024.

There is no change to the CPF contribution rates for other age groups.

Find out more about the revised CPF contribution rates.