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- Singapore Central Provident Fund (CPF) Contribution Rates
2023-08-02Singapore Central Provident Fund (CPF) Contribution Rates
Allocation of CPF Contributions
The CPF contributions are allocated to the Ordinary, Special and Medisave Accounts based on the ratio of contributions shown in Tables 1 to 7. Contributions are first allocated to the Medisave Account, followed by the Special Account. The balance is then allocated to the Ordinary Account.
Table 1: CPF Allocation Rates from 1 January 2016
Table 2: Contribution rates from 1 January 2016 for private sector and public sector non-pensionable employees being:
Table 3: Contribution rates from 1 January 2016 for Government Pensionable Employees and Pensionable Employees in Statutory Bodies & Aided Schools
Table 4: Contribution rates for 1st Year SPR from 1 January 2016 for Private Sector and Non-Pensionable Employees (Statutory Bodies & Aided Schools)
Table 5: Contribution rates for 2nd Year SPR from 1 January 2016 for Private Sector and Non-Pensionable Employees (Statutory Bodies & Aided Schools)
Table 6: Contribution rates for 1st Year SPR from 1 January 2016 for Public Sector and Pensionable Employees (Statutory Bodies & Aided Schools)
Table 7: Contribution rates for 2nd Year SPR from 1 January 2016 for Public Sector and Pensionable Employees (Statutory Bodies & Aided Schools)
The CPF contributions are allocated to the Ordinary, Special and Medisave Accounts based on the ratio of contributions shown in Tables 1 to 7. Contributions are first allocated to the Medisave Account, followed by the Special Account. The balance is then allocated to the Ordinary Account.
Table 1: CPF Allocation Rates from 1 January 2016
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Table 2: Contribution rates from 1 January 2016 for private sector and public sector non-pensionable employees being:
- Singapore Citizen
- Singapore Permanent Resident (SPR) employees from their 3rd year onwards
- Government Non-Pensionable Employees
- Non-Pensionable Employees in Statutory Bodies & Aided Schools
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Table 3: Contribution rates from 1 January 2016 for Government Pensionable Employees and Pensionable Employees in Statutory Bodies & Aided Schools
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Table 4: Contribution rates for 1st Year SPR from 1 January 2016 for Private Sector and Non-Pensionable Employees (Statutory Bodies & Aided Schools)
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Table 5: Contribution rates for 2nd Year SPR from 1 January 2016 for Private Sector and Non-Pensionable Employees (Statutory Bodies & Aided Schools)
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Table 6: Contribution rates for 1st Year SPR from 1 January 2016 for Public Sector and Pensionable Employees (Statutory Bodies & Aided Schools)
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Table 7: Contribution rates for 2nd Year SPR from 1 January 2016 for Public Sector and Pensionable Employees (Statutory Bodies & Aided Schools)
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Disclaimer
All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
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All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
WhatsApp/Line/Wechat: +852 5616 4140
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