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Singapore Social Contributions Guide

Singapore Central Provident Fund (CPF) contributions for 2026. The guide covers: the CPF contribution rates — the total contribution of 37% of the ordinary wages (the employer 20% + the employee 17%) for the employees aged 55 and below; the age-based rate reduction — the total contribution rates decrease for the employees above 55, 60, and 65; the CPF allocation to OA, SA, and MA — the Ordinary Account (OA), the Special Account (SA), and the MediSave Account (MA) receive the different portions of the total contribution depending on the age; the CPF Annual Limit — the total contributions are capped at the CPF Annual Limit of SGD 37,740 for 2026.

CPF Contribution Rates for 2026

  • Ages 55 and below — 37% total (employer 20% + employee 17%): The standard CPF contribution rate applies to the employees who are Singapore citizens or the permanent residents (PRs) from the first day of the employment. The rate is calculated on the "ordinary wages" (the monthly salary up to the Ordinary Wage Ceiling of SGD 6,000) and the "additional wages" (the bonuses and the commissions up to the Additional Wage Ceiling of SGD 102,000 per year).
  • Ages above 55 to 60 — 31% total (employer 17% + employee 14%): The total contribution rate reduces to 31% for the employees aged above 55 to 60. The employer contributes 17% and the employee contributes 14% of the ordinary wages.
  • Ages above 60 to 65 — 21.5% total (employer 12.5% + employee 9%): The total contribution rate reduces to 21.5% for the employees aged above 60 to 65. The employer contributes 12.5% and the employee contributes 9% of the ordinary wages.
  • Ages above 65 to 70 — 15.5% total (employer 9.5% + employee 6%): The total contribution rate reduces to 15.5% for the employees aged above 65 to 70. The employer contributes 9.5% and the employee contributes 6% of the ordinary wages.
  • Ages above 70 — 11% total (employer 7% + employee 4%): The total contribution rate reduces to 11% for the employees aged above 70. The employer contributes 7% and the employee contributes 4% of the ordinary wages.

For example: an employee aged 55 and below earning SGD 6,000/month receives the employer CPF contribution of SGD 1,200 (20%) and contributes SGD 1,020 (17%) from the salary — total SGD 2,220/month or SGD 26,640/year (within the SGD 37,740 annual limit).

CPF Account Allocation

  • Ordinary Account (OA): The OA receives the largest portion of the CPF contribution — allocated for the housing (the HDB flat purchase, the mortgage payments), the education (the tertiary tuition fees), and the investment (the approved CPF Investment Scheme products). For the employee aged 55 and below, the OA receives approximately 62% of the total contribution.
  • Special Account (SA): The SA receives the portion allocated for the retirement savings and the long-term investment. The SA funds earn the higher interest rate (the "SA interest rate" — the 12-month average of the CPF SA rate). The SA allocation for the employee aged 55 and below is approximately 16% of the total contribution.
  • MediSave Account (MA): The MA receives the portion allocated for the healthcare expenses (the hospitalisation, the outpatient care, and the approved medical insurance premiums). The MA allocation for the employee aged 55 and below is approximately 22% of the total contribution. The MA contributions are capped at the MediSave Contribution Cap of SGD 68,500 (for 2026).

The allocation percentages change with the age — as the employee ages, a larger share of the contribution is directed to the MA and the SA, while the OA share decreases. The CPF Board publishes the detailed allocation tables on the cpf.gov.sg website.

CPF Contribution Ceilings

  • Ordinary Wage Ceiling — SGD 6,000/month: The CPF contributions on the ordinary wages (the basic salary) are calculated up to the monthly ceiling of SGD 6,000. The wages above SGD 6,000 are NOT subject to the CPF contributions for the employee, but the employer may still contribute on the additional wages.
  • Additional Wage Ceiling — SGD 102,000/year: The CPF contributions on the additional wages (the bonuses, the commissions, and the other variable payments) are calculated up to the annual ceiling of SGD 102,000. The total CPF contributions (ordinary + additional) are capped at the CPF Annual Limit of SGD 37,740.
  • CPF Annual Limit — SGD 37,740: The total CPF contributions for the year (the employer + the employee contributions on the ordinary and the additional wages) cannot exceed SGD 37,740. Any contributions above this limit are refunded to the employer.

FAQs

Are the foreign workers required to contribute to the CPF?

No. The foreign workers who hold the Employment Pass, the S Pass, or the Work Permit are NOT required to contribute to the CPF. However, the employer may choose to make the voluntary CPF contributions on behalf of the foreign employee under the "Voluntary Contributions" scheme.

What is the CPF contribution for the self-employed individuals?

The self-employed individuals (the "sole proprietors" and the "partners") must contribute to the MediSave Account (MA) only — the required MA contribution is based on the "net trade income" at the rate of 8% to 10.5% (for the annual income above SGD 6,000). The voluntary contributions to the OA and the SA are optional.

Can the CPF contributions be waived or reduced?

The CPF contributions are mandatory for the Singapore citizens and the PRs. The waiver or the reduction is only available in the exceptional circumstances — the "CPF contribution waiver" for the employer in the financial hardship or the "CPF exemption" for the employees aged 55 and above with the reduced rates.