The CPF (Central Provident Fund) contribution rates in Singapore vary depending on the employee’s age, monthly wage, and employment status. Here are the contribution rates as of 2024:
For Singapore Citizens and Permanent Residents
For employees earning above S$750/month (for both employees and employers):
| Age Group | Employer Rate (%) | Employee Rate (%) | Total Contribution (%) |
|---|---|---|---|
| Up to 55 years | 17% | 20% | 37% |
| Above 55 to 60 years | 14% | 15% | 29% |
| Above 60 to 65 years | 10% | 9.5% | 19.5% |
| Above 65 to 70 years | 8% | 7.5% | 15.5% |
| Above 70 years | 7.5% | 5% | 12.5% |