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CPF contribution rates
Check out our Complete Guide to CPF in Singapore.
The CPF contribution rates for employees aged above 55 to 65 have been increased from 1 January 2025. The rates for employees earning monthly wages more than $750 are as of below table:
| Employee's age (years) |
2024 rate (% of wages) |
CPF contribution rates from 1 January 2025 | ||
| Total (% of wages) |
By employer (% of wages) |
By employee (% of wages) |
||
| Above 55 to 60 | 31 | 32.5(+1.5) | 15.5(+0.5) | 17(+1) |
| Above 60 to 65 | 22 | 23.5(+1.5) | 12(+0.5) | 11.5(+1) |
For employees that earned $500 to $750, the employee contribution rates will continue to be phased in.
The following table summarises the contribution rates for Singapore Citizens and SPRs (from the third year and onwards) from 1 January 2025
| Employee's age (years) |
CPF Contribution Rates changes from 1 Jan 2025 (monthly wages >$750) |
||
| Total (% of wages) |
By employer (% of wages) |
By employee |
|
| 55 & below | 37 | 17 | 20 |
| Above 55 to 60 | 32.5 | 15.5 | 17 |
| bove 60 to 65 | 22 | 12 | 11.5 |
| Above 65 to 70 | 16.5 | 9 | 7.5 |
| Above 70 | 12.5 | 7.5 | 5 |
You can refer to the CPF contribution rate tables for more info
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