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Contributions to the Central Provident Fund (CPF)

The Central Provident Fund (CPF) is a social security system for Singapore Citizens and Permanent Residents to set aside funds for retirement. Both employers and employees have to make monthly CPF contributions that are split into 3 savings accounts:

  • ​​Ordinary Account (OA) - for housing, insurance, investment and education
  • Special Account (SA) - for retirement-related financial instruments
  • Medisave Account (MA) - for hospitalisation expenses and medical insurance

Employees who require CPF contributions include:

  • Company directors
  • Employees on concurrent employment
  • Family workers
  • NSmen on in-camp training
  • Part-time employees
  • Temporary/ casual employees

Employee wage payments that attract CPF contributions are categorised either as ordinary wages or additional wages.  

Most types of wages attract CPF contribution e.g. basic salary, allowance, bonus, cash incentive, commission, overtime pay and NSmen make-up pay. Examples of payments that are excluded are reimbursement, termination benefit and gifts in kind. 

You may refer to a more complete list of wages that attract CPF contributions.

Gross wages in a month are then subject to a contribution rate depending on the total amount and age band of the employee. Contribution rates also differ for 1st and 2nd year Permanent Residents.

Use Talenox's Singapore CPF Contribution Calculator to quickly obtain accurate CPF contribution amounts.  

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