The Central Provident Fund (CPF) is Singapore's mandatory social security savings scheme. Both employers and employees contribute a percentage of wages into CPF accounts for retirement, housing and healthcare purposes.
| Employee Age | Employer | Employee | Total CPF |
|---|---|---|---|
| 55 and below | 17% | 20% | 37% |
| Above 55 to 60 | 16% | 18% | 34% |
| Above 60 to 65 | 12.5% | 12.5% | 25% |
| Above 65 to 70 | 9% | 7.5% | 16.5% |
| Above 70 | 7.5% | 5% | 12.5% |
These rates apply to Singapore Citizens and eligible Singapore Permanent Residents earning more than SGD 750 per month.
CPF contributions are mandatory for Singapore Citizens and most Singapore Permanent Residents working in Singapore. Foreign employees holding Employment Passes or Work Permits generally do not contribute CPF.
Monthly Salary: SGD 5,000
The employee receives SGD 4,000 before income tax after CPF deduction.
For employees aged 55 and below, the total CPF contribution rate is 37%.
No. Employer CPF is paid separately by the employer.
Most foreigners do not pay CPF unless they become Singapore Permanent Residents.