12 February 2026
Prime Minister and Minister for Finance Lawrence Wong made several CPF-related announcements during the FY2026 Budget Statement in Parliament on 12 February 2026, as stated below.
1. Budget 2026 CPF Top-Up
To boost retirement adequacy, eligible Singaporeans aged 50 and above in 2026 (i.e. born in 1976 or earlier) will receive a CPF top-up of up to $1,500 in their CPF Retirement Account or Special Account in December 2026.
The amount of top-ups will be tiered by recipients’ CPF retirement savings and Annual Value of their residential property as follows:
CPF Retirement Savings1 (as at 31 Dec 2025) |
Singaporeans born in 1976 or earlier | |
| Own not more than 1 property | ||
| Annual Value not more than $21,000 | Annual Value more than $21,000 but not exceeding $31,000 | |
| Less than $60,000 | $1,500 |
$500 |
| At least $60,000 but less than $110,200 (2026’s Basic Retirement Sum) | $1,000 |
|
1 Computed based on the sum of Retirement Account and CPF LIFE balances, or the sum of Ordinary Account and Special Account balances if the Retirement Account has not yet been created.
For more information, please refer to FAQs.
2. Increase in CPF contribution rates for senior workers
In line with the recommendations of the Tripartite Workgroup on Older Workers, the CPF contribution rates for senior workers will increase to help them save more for retirement. From January 2027, the total contribution rates will be raised by 1.5 percentage points for employees aged above 55 to 60, and 1.0 percentage point for employees aged above 60 to 65. The increase in contribution rates will be fully allocated to the CPF Retirement Account, up to their Full Retirement Sum (FRS).
A CPF Transition Offset equivalent to half of the 2027 increase in employer CPF contributions will be provided to employers to cushion the impact on business cost. This will be provided automatically, and employers need not apply for the offset.
For more information, please refer to the FAQ.
3. New investment scheme to be introduced in 2028 offering simplified, low-cost, and diversified commercial investment products
In response to the CPF Advisory Panel’s recommendation for the Lifetime Retirement Investment Scheme, and following a market study, the CPF Board will introduce a new investment scheme in the first half of 2028.
The new scheme, which will offer life-cycle investment products, will cater to long-term investors who are willing to take some risk for potentially higher returns, but who may have less expertise in navigating the CPF Investment Scheme offerings or prefer not to actively manage their investments. To simplify decision-making for investors, CPF Board will select two to three reputable product providers to offer a small number of options.
Participation in the new scheme will be voluntary.
The CPF Board will engage the industry on the product specifications.
Further details will be announced later.
For more information, please refer to the press release.