By opting in, you can enjoy CPF contributions from all your platform operators. The higher CPF contributions would help boost your CPF savings and strengthen your housing and retirement adequacy.
- You can receive up to 17% in monthly CPF contributions from your platform operator by 2029.
- Your Ordinary Account savings can be used for your housing loan, freeing up your cash for other needs.
- If you are above 65, your share of CPF contributions will decrease, but you receive higher total CPF contributions, due to the platform operator share of contributions.
The table below provides a comparison for those who have opted in and those who did not opt in.
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Non-opt-in
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Opt-in
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Share of CPF contributions
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Consist only your share of CPF contributions. There is no platform operator share of CPF contributions.
View contribution rates >
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Consist of both you and your platform operators’ share of CPF contributions.
The CPF contribution rates for both will gradually increase over five years to align with those of employees and employers, reaching up to 20% and 17% respectively by 2029.
View contribution rates >
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Allocation of CPF contributions
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MediSave Account only
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All three CPF accounts:
1. Ordinary Account - For housing
2. Special or Retirement Account - For retirement
3. MediSave Account - For healthcare
View allocation rates >
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Submission of CPF contributions
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Your platform operator will deduct your share of CPF contributions from your earnings and submit them to CPF Board every monthly.
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