Central Provident Fund (CPF)

Q: What are the current CPF contribution rates?

&lt;ol&gt;&lt;li&gt;&lt;p&gt;&lt;strong&gt;CPF Rates Depend on Employee Age&lt;/strong&gt; You contribute a percentage of your employee’s wages based on their age. Younger employees have higher contribution rates, while older employees pay less. For example:&lt;/p&gt;&lt;/li&gt;&lt;/ol&gt;&lt;ul&gt;&lt;li&gt;&lt;p&gt;Employees under 55: Employer pays 17% of wages.&lt;/p&gt;&lt;/li&gt;&lt;li&gt;&lt;p&gt;Employees aged 55 to 60: Employer pays 13%.&lt;/p&gt;&lt;/li&gt;&lt;li&gt;&lt;p&gt;Employees between 60 and 65: Employer pays 9%.&lt;/p&gt;&lt;/li&gt;&lt;li&gt;&lt;p&gt;Employees over 65: Employer pays 7.5%.&lt;/p&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ol start=&quot;2&quot;&gt;&lt;li&gt;&lt;p&gt;&lt;strong&gt;Wage Limits Apply&lt;/strong&gt; CPF contributions are only calculated on wages up to S$6,000 per month. If an employee earns more than that, CPF is not payable on the excess. There’s also an annual limit for bonuses and other payments.&lt;/p&gt;&lt;/li&gt;&lt;/ol&gt;

Q: Are foreign workers required to contribute CPF?

&lt;p&gt;No, CPF applies only to Singapore citizens and PRs.&lt;/p&gt;

Last Updated 30 Jul 2025

The Central Provident Fund is a mandatory social security savings scheme for Singapore citizens and permanent residents, requiring monthly contributions from employers and employees.

Why is it important for businesses?

Employers must comply with CPF regulations to avoid penalties. CPF contributions provide employees with retirement, healthcare, and housing benefits.

Examples in practice

An SME calculates monthly CPF contributions for full-time staff.
Employers report and pay CPF via the CPF Board’s online portal.
Non-compliance can result in fines and legal action.

Frequently Asked Questions

What are the current CPF contribution rates?

CPF Rates Depend on Employee Age You contribute a percentage of your employee’s wages based on their age. Younger employees have higher contribution rates, while older employees pay less. For example:

Employees under 55: Employer pays 17% of wages.
Employees aged 55 to 60: Employer pays 13%.
Employees between 60 and 65: Employer pays 9%.
Employees over 65: Employer pays 7.5%.

Wage Limits Apply CPF contributions are only calculated on wages up to S$6,000 per month. If an employee earns more than that, CPF is not payable on the excess. There’s also an annual limit for bonuses and other payments.

Are foreign workers required to contribute CPF?

No, CPF applies only to Singapore citizens and PRs.