CPFB | CPF-related changes taking place in 2026: What you need to know

Factsheet

CPF-related changes taking place in 2026: What you need to know

The CPF system is a key pillar of Singapore’s social security system, supporting members in setting aside savings for retirement, housing and healthcare needs. Marking 70 years of service this year, CPF Board remains committed to adapt and respond to the changing needs of Singaporeans. To ensure that CPF system continues to remain relevant and help members build up their savings, the following changes will take place in January 2026:

(A) Expansion of the Matched Retirement Savings Scheme to include Singaporeans with disabilities of all ages

(B) Commencement of Matched MediSave Scheme

(D) Increase in CPF contribution rates for platform workers

(E) Increase in CPF contribution rates for senior workers and CPF Transition Offset

(F) Increase in CPF Ordinary Wage Ceiling

(A) Expansion of the Matched Retirement Savings Scheme to include Singaporeans with disabilities of all ages

· The Matched Retirement Savings Scheme (MRSS) helps seniors with lower retirement savings to save more for their retirement, through dollar-for-dollar matching grants of up to $2,000 a year on voluntary cash top-ups* made to their retirement savings [Special Account (SA) or Retirement Account (RA)], with a lifetime limit of $20,000.

· From 1 January 2026, the MRSS will be expanded to eligible Singaporeans with disabilities of all ages to help them save up for their retirement early. Find out more information on how Singaporeans with disabilities can benefit from MRSS at cpf.gov.sg/mrss2026.

· Eligibility for MRSS (Annex A) is automatically assessed at the beginning of each year and eligible members will be notified through email or hardcopy letter. Alternatively, members can check their eligibility in early 2026 in their Retirement Dashboard at cpf.gov.sg/retirement by logging in via Singpass on the CPF website.

· The Government's matching grant will be credited to eligible members' SA or RA in the following year.

· CPF members aged 55 and above can use the monthly payout estimator at cpf.gov.sg/payoutestimator to calculate the payouts they can receive if they top up their RA and check the amount of top-ups* that qualify for the matching grant in their Retirement Dashboard at cpf.gov.sg/retirement. Topping up earlier will enable members’ CPF savings to grow faster through the power of compound interest.

*Cash top-ups that attract Government matching grant will not qualify for tax relief. Members may continue to enjoy tax relief of up to $8,000 per year for eligible cash top-ups that do not attract matching grant to their own Special Account (SA), Retirement Account (RA) or MediSave Account (MA), and another $8,000 per year for such cash top-ups to their loved ones.

(B) Commencement of Matched MediSave Scheme

· As announced at Budget 2025, the Government will match up to $1,000 a year on voluntary cash top-ups* made to MediSave Accounts (MA) of eligible members via the Matched MediSave Scheme (MMSS). The new MMSS will help to boost the healthcare savings of Singaporeans aged 55 to 70 (inclusive) with lower MediSave savings and will commence from 1 January 2026 for a period of five years.

· Eligibility for MMSS (Annex B) is automatically assessed at the beginning of each year, starting from January 2026, and eligible members will be notified through email or hardcopy letter. Alternatively, members can check their eligibility in early 2026 in their Healthcare dashboard at cpf.gov.sg/HealthcareDashboard by logging in via Singpass on the CPF website.

· The Government's matching grant will be credited to eligible members' MA in the following year.

· The MMSS will complement the Matched Retirement Savings Scheme (MRSS) in enabling our seniors to save more for their healthcare and retirement needs.

(C) Enhancements to CareShield Life

· The CareShield Life Council completed the first review of the scheme this year, and recommended changes to CareShield Life benefits, coverage and premiums to better support Singaporeans against potential long-term care costs. The changes will be implemented progressively from January 2026.

· The annual payout growth rate will double from 2% to 4% from 2026 to 2030 to better provide basic long-term care protection. The monthly CareShield Life payouts* will be increased as follows:

	2026	2027	2028	2029	2030
Current	$676	$689	$703	$717	$731
Enhanced	$689	$717	$745	$775	$806

*The monthly CareShield Life payouts that individuals are eligible for will increase annually until age 67, or when a claim is made, whichever occurs first. Thereafter, the payout amount will remain fixed.

· The Government will provide over $570 million more in premium support, on top of existing premium subsidies, to offset the premium increase over the next five years. Premiums will also remain fully payable by MediSave.

· The Government will reinstate the underwriting criteria as planned for older individuals born in 1979 or earlier to moderate the extent of premium increases for all older policyholders. With this adjustment, older individuals born in 1979 or earlier can only enrol in CareShield Life if they have no pre-existing disabilities from 1 January 2026 onwards.

(D) Increase in CPF contribution rates for platform workers

· Under the Platform Workers Act, the increase in CPF contribution rates will be phased in from 2025 to 2029 for platform workers born in or after 1995, and those born before 1995 who opt in to increased CPF contributions.

· Their contribution rates will gradually increase over the five years to match employer-employee CPF rates (i.e. 20% from platform workers and 17% from platform operators). These CPF contributions will be allocated to their Ordinary, Special or Retirement, and MediSave Accounts to support their housing, retirement and healthcare needs.

· Starting from January 2026, the revised contribution rates in 2026 are as follows.

Platform Workers CPF Contribution Rates in 2026
Age	Platform operator’s share (%)	Platform worker’s share (%)
35 & below	7.0%	13.0%
Above 35 to 45	7.0%	14.0%
Above 45 to 50	7.0%	15.0%
Above 50 to 55	7.0%	15.5%
Above 55 to 60	7.0%	15.5%
Above 60 to 65	7.0%	12.5%
Above 65 to 70	7.0%	9.5%
Above 70	7.0%	5.5%

· Platform workers may use the Platform Worker CPF Contribution Calculator at cpf.gov.sg/PWcal to calculate the CPF contributions payable and view the breakdown between the platform worker and platform operator share.

· From 2025 to 2028, the Platform Workers CPF Transition Support (PCTS) scheme will provide monthly cash support to lower-income platform workers to offset part of the year-on-year increase in the platform worker’s share of CPF contributions. 16,500 PWs have benefited from PCTS from March to June 2025, which is based on CPF contributions made from January to April 2025. In 2026, the PCTS will offset 75% of the increase in platform worker’s share of Ordinary and Special or Retirement Account contributions. Eligible lower-income platform workers earning $3,000 and below and born in 1995 or later, or who are born before 1995 and opted in to increase their CPF contributions, will receive PCTS. Assessment for PCTS is automatic and platform workers do not need to apply. Please refer to Annex C for more details on the PCTS eligibility criteria.

· Eligible platform workers will also continue to be supported through the Workfare Income Supplement (WIS) scheme and will receive WIS payments monthly instead of annually. Platform workers need not apply for WIS as their eligibility will be assessed automatically.

(E) Increase in CPF contribution rates for senior workers and CPF Transition Offset

· The total CPF contribution rates for employees aged above 55 to 65 will be raised by 1.5 percentage points from 1 January 2026. The 1.5 percentage point consists of a 0.5 percentage point increase in employer contributions and a 1 percentage point increase in employee contributions. This increase is in line with the recommendations of the Tripartite Workgroup on Older Workers to strengthen senior workers’ retirement adequacy.

	2025	CPF Contribution Rates from 1 January 2026
Age	Total (% of wage)	Total (% of wage)	By employer (% of wage)	By employee (% of wage)
55 & below (no change to CPF contribution rates)	37	37	17	20
Above 55 to 60	32.5	34 (+1.5)	16 (+0.5)	18 (+1)
Above 60 to 65	23.5	25 (+1.5)	12.5 (+0.5)	12.5 (+1)
Above 65 to 70 (no change to CPF contribution rates)	16.5	16.5	9	7.5
Above 70 (no change to CPF contribution rates)	12.5	12.5	7.5	5

· Senior workers will benefit from the increased CPF contribution rates, which will be allocated to their Retirement Account*. This enhancement gives a boost to the retirement savings of older employees who are still working, providing them with additional financial support for their later years.

· The CPF Transition Offset, equivalent to half of the 2026 increase in employer CPF contributions, will be provided to employers to cushion the impact of the increase on business costs for one year. This will be provided automatically, and employers need not apply for the offset.

*The allocation to Retirement Account is up to the member’s cohort Full Retirement Sum (FRS). For members who have set aside the FRS, these contributions will be channelled to the Ordinary Account.

(F) Increase in CPF Ordinary Wage Ceiling

· The CPF Ordinary Wage (OW) ceiling* will be increased to $8,000 from 1 January 2026. This will be the last round of increase which took place in four steps since 1 September 2023 to allow employers and employees to adjust to the changes.

· The increase in the CPF OW ceiling aims to keep pace with rising wages and ensure the CPF system remains relevant in meeting the retirement needs of the majority of employees. This would boost members’ overall total monthly earnings after factoring in the increased CPF contributions from employers.

· The CPF annual wage ceiling of $102,000 remains unchanged.

*The CPF OW ceiling limits the amount of OW that attract CPF contributions in a calendar month for all employees.

Last login on {loginDate}