For different age groups below, specific CPF contribution rates are applied to ensure the employability of workers:

  • 55 years and below
  • Above 55 to 60 years
  • Above 60 to 65 years
  • Above 65 years

For 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.

As an example, assuming that your employee's 55th birthday falls on 7 July 2019:

1. For wages earned in July 2019 (55 years and below):

​Total CPF contribution: 37% of total wages (≥$750)
CPF Employer = 17%;
CPF Employee = 20%

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2. For wages earned in August 2019 (above 55 to 60 years):

Total CPF contribution: 26% of total wages (≥$750)

CPF Employer = 13%
CPF Employee = 13%

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