CPF Contribution Calculator

All Singapore Citizens and Permanent Residents (PRs) working in Singapore under a contract of service must contribute to CPF. This includes full-time and part-time employees. Self-employed persons and foreigners on Employment Passes are exempt.

The OW ceiling is S$6,800 per month (effective 1 Jan 2024). Only wages up to this ceiling attract CPF contributions. If your employee earns S$8,000/month, CPF is calculated on S$6,800, not S$8,000.

The AW ceiling is S$102,000 minus the total Ordinary Wages on which CPF was already contributed in the same year. For example, if your employee earned S$6,800/month × 12 = S$81,600 in OW, the AW ceiling for bonuses is S$102,000 − S$81,600 = S$20,400.

CPF rates reduce progressively from age 55. At 55–60, the total rate drops from 37% to 30%. At 60–65 it is 21%, at 65–70 it is 16%, and above 70 it is 12.5%. These graduated rates allow employers to manage costs while employees retain meaningful retirement savings.

Newly granted PRs pay lower CPF rates during their 1st and 2nd years to ease the transition. In the 1st year, employee pays 5% and employer pays 4%. In the 2nd year, employee pays 15% and employer pays 9%. From the 3rd year onwards, rates equal those of Singapore Citizens.

Ordinary Account (OA) can be used for housing, insurance, investment, and education. Special Account (SA) is for retirement. MediSave Account (MA) is for healthcare. The allocation between accounts changes with age — older workers contribute proportionally more to MediSave to prepare for healthcare needs.