Specific CPF contribution rates will apply to the different age groups below:

  • 55 years and below

  • Above 55 to 60 years

  • Above 60 to 65 years

  • Above 65 to 70 years

  • Above 70 years

For the purpose of CPF contribution, your employee is considered to be “55 years”, “60 years” or “65 years” in the month of his 55th, 60th or 65th birthday.

He is considered to be “Above 55”, “Above 60” or “Above 65” from the month after his 55th, 60th or 65th birthday, respectively.

As an example, assuming that your employee's 55th birthday falls on 7 July 2022:

  1. For wages earned in July 2022 (55 years and below):

    Total CPF contribution: 37% of total wages (≥$750)

    CPF Employer = 17%

    CPF Employee = 20%

  2. For wages earned in August 2022 (above 55 to 60 years):

    Total CPF contribution: 28% of total wages (≥$750)

    CPF Employer = 14%

    CPF Employee = 14%


You can refer to the following table that summarises the contribution rates for Singapore Citizens and SPRs (from the third year onwards) from 1 January 2022

Employee’s Age (Year)

Total

(% of wage)

By employer

(% of wage)

By employee

(% of wage)

55 & below

37

17

20

Above 55 to 60

28

14

14

Above 60 to 65

18.5

10

8.5

Above 60 to 70

14

8

6

Above 70

12.5

7.5

5

Note:

The table above is taken from CPF’s site, which you can refer to here.

You can also refer to the complete CPF contribution rate table.

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