CPR contribution rates

The CPF contribution rates for employees aged above 55 to 70 have been increased from 1 January 2022. The rates for employees earning monthly wages more than $750 is as of below table:

Employee's age
(years)
Current rate
(% of wages)
CPF contribution rates from 1 January 2022
Total
(% of wages)
By employer
(% of wages)
By employee
(% of wages)
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

For employee that earned $500 to $750, the employee contribution rates will be continue to be phased in. 

 

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 wages)
By employer
(% of wages)

By employee 
(% of wages)

55 & below 37 17 20
Above 55 to 60 28 14 14
bove 60 to 65 18.5 10 8.5
Above 65 to 70 14 8 6
Above 70 12.5 7.5 5

You can refer to the CPF contribution rate tables for more info

 

Other link:

CPF contribution rate for SPR