{"id":68463,"date":"2023-09-01T18:07:55","date_gmt":"2023-09-01T10:07:55","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=68463"},"modified":"2025-06-18T19:41:44","modified_gmt":"2025-06-18T11:41:44","slug":"latest-updates-cpf-contribution-rates-sg-how-much-to-pay","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/","title":{"rendered":"CPF contribution rates, How much CPF contributions to pay"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><span style=\"font-weight: 400;\">As a working Singaporean, you&#8217;ve undoubtedly heard the term &#8216;CPF contribution.&#8217; But what exactly does it entail, and how much are you obligated to pay? If you&#8217;ve been pondering these questions, you&#8217;ve come to the right place. This guide provides the latest updates on CPF contribution rates for 2023 and a simple method for calculating your contributions. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Plus, we are even pitting CPF against EPF (which is the Malaysian version of CPF) to figure out which one offers higher return rates. So, be sure to stick around till the end for that!\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px-1.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"aligncenter wp-image-68495 size-full\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px-1.jpg\" alt=\"An old couple\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px-1.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px-1-150x113.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n<h2><strong>What is &#8216;CPF contribution&#8217;?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Before we get into the changes, let\u2019s do a quick recap, shall we?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.99.co\/singapore\/glossary\/central-provident-fund-cpf\/\" target=\"_blank\" rel=\"noopener\">CPF, or Central Provident Fund<\/a>, i<\/span>s a crucial part of Singapore\u2019s social security system. It was introduced to help you save for retirement, medical expenses, and homeownership. Contributions to CPF are mandatory, deducted directly from your salary each month. Your employer also makes contributions, ensuring that your savings grow steadily over time.<\/p>\n<p><span style=\"font-weight: 400;\">CPF savings are typically divided into four accounts:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Ordinary Account (OA)<\/b><span style=\"font-weight: 400;\">: For housing, education, and retirement.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Special Account (SA)<\/b><span style=\"font-weight: 400;\">: For long-term retirement savings.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>MediSave Account (MA)<\/b><span style=\"font-weight: 400;\">: For healthcare expenses and insurance premiums.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Retirement Account (RA)<\/b><span style=\"font-weight: 400;\">: Created at age 55 to hold retirement savings.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Starting in 2025, the SA will be closed for those aged 55 and above. Funds will be transferred to the RA (up to the FRS) to earn long-term interest. Any excess is moved to the OA and can be withdrawn. The amount set aside determines your monthly payouts from age 65. There are three Retirement Sums:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Basic Retirement Sum (BRS)<\/b><span style=\"font-weight: 400;\">: Covers essential living expenses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Full Retirement Sum (FRS)<\/b><span style=\"font-weight: 400;\">: Twice the BRS, providing higher payouts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Enhanced Retirement Sum (ERS)<\/b><span style=\"font-weight: 400;\">: Previously 3x the BRS, but is increased to <\/span><b>4x from 2025<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<p>Here&#8217;s what the ERS will look like until 2027:<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Year<\/strong><\/td>\n<td><span style=\"font-weight: 400;\"><strong>Enhanced Retirement Sum (ERS<\/strong>)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400;\">S$308,700<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2025<\/span><\/td>\n<td><span style=\"font-weight: 400;\">S$426,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2026<\/span><\/td>\n<td><span style=\"font-weight: 400;\">S$440,800<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2027<\/span><\/td>\n<td><span style=\"font-weight: 400;\">S$456,400<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><b>Read also:<\/b> <a href=\"https:\/\/www.99.co\/singapore\/insider\/9-must-know-things-about-using-cpf-to-buy-a-house\/\"><span style=\"font-weight: 400;\">9 must-know things about using CPF to buy a house<\/span><\/a><\/em><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>What are the CPF contribution rates in 2025?<\/strong><\/h2>\n<p class=\"p1\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-1.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"wp-image-68497 aligncenter\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-1.jpg\" alt=\"Person opening their purse\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-1.jpg 2240w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-1-1536x864.jpg 1536w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-1-2048x1152.jpg 2048w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-1-1200x675.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-1-544x306.jpg 544w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-1-352x198.jpg 352w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-1-512x288.jpg 512w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-1-160x90.jpg 160w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-1-256x144.jpg 256w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-1-150x84.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">There are some changes to CPF contributions in 2025, particularly for employees aged 55 to 70:<\/span><\/p>\n<div class=\"Message_messageTextContainer__w64Sc\">\n<div class=\"Message_selectableText__SQ8WH\">\n<div class=\"Markdown_markdownContainer__Tz3HQ\">\n<div class=\"Prose_prose__7AjXb Prose_presets_prose__H9VRM Prose_presets_theme-hi-contrast__LQyM9 Prose_presets_preset-lg__5CAiC\">\n<div class=\"MarkdownTable_tableContainer__2k5Kh\" tabindex=\"0\" role=\"region\">\n<table>\n<thead>\n<tr>\n<th>Employee&#8217;s age (years)<\/th>\n<th>2025 total (% of wage)<\/th>\n<th>CPF contribution rates from 1 Jan 2026<\/th>\n<th>By employer (% of wage)<\/th>\n<th>By employee (% of wage)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>55 and below<\/td>\n<td>37<\/td>\n<td>37<\/td>\n<td>17<\/td>\n<td>20<\/td>\n<\/tr>\n<tr>\n<td>Above 55 to 60<\/td>\n<td>32.5<\/td>\n<td>34 (+1.5)<\/td>\n<td>16 (+0.5)<\/td>\n<td>18 (+1)<\/td>\n<\/tr>\n<tr>\n<td>Above 60 to 65<\/td>\n<td>23.5<\/td>\n<td>25 (+1.5)<\/td>\n<td>12.5 (+0.5)<\/td>\n<td>12.5 (+1)<\/td>\n<\/tr>\n<tr>\n<td>Above 65 to 70<\/td>\n<td>16.5<\/td>\n<td>16.5<\/td>\n<td>9<\/td>\n<td>7.5<\/td>\n<\/tr>\n<tr>\n<td>Above 70<\/td>\n<td>12.5<\/td>\n<td>12.5<\/td>\n<td>7.5<\/td>\n<td>5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>These increases, particularly for employees aged above 55 to 65, are strategically aimed at strengthening their retirement adequacy. The additional CPF contributions for this age group will be fully allocated to the Retirement Account (RA), up to the Full Retirement Sum (FRS). This ensures that senior workers save more specifically for retirement. If an employee has already set aside the FRS in their RA, these contributions are then channelled to their Ordinary Account (OA).<\/p>\n<p class=\"p1\">CPF interest rates in 2025 still provide consistent returns for Singaporeans in various accounts. The government sets a guaranteed floor rate of 2.5% for The Ordinary Account (OA), which protects savings from the impact of lower bank rates.<\/p>\n<h2><strong>What are the CPF interest rates in 2025?\u00a0<\/strong><\/h2>\n<p>The adjustment in CPF contributions for 2025 coincides with a gradual increase in the CPF Ordinary Wage (OW) ceiling. This ceiling, which caps the amount of monthly wages that attract CPF contributions, is progressively rising from <span style=\"font-weight: 400;\">S$6,000 to S$8,000<\/span>\u00a0by 2026 in four stages.<span class=\"button-container hide-from-message-actions ng-star-inserted\">\u00a0<\/span><\/p>\n<div class=\"container ng-tns-c3874368563-917 hide\">\n<div class=\"carousel-container ng-tns-c3874368563-917\">\n<div class=\"carousel-content ng-tns-c3874368563-917\">\n<div class=\"sources-carousel-source ng-tns-c3874368563-917 hide ng-star-inserted\" data-test-id=\"sources-carousel-source\">The detailed progression of the CPF monthly salary (Ordinary Wage) ceiling is as follows:<\/div>\n<\/div>\n<\/div>\n<\/div>\n<table>\n<thead>\n<tr>\n<td><strong>Period<\/strong><\/td>\n<td><strong>CPF OW ceiling<\/strong><\/td>\n<td><strong>CPF annual salary ceiling<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>From 1 Jan 2016 to 31 Aug 2023<\/td>\n<td>S$6,000<\/td>\n<td rowspan=\"5\">S$102,000<\/td>\n<\/tr>\n<tr>\n<td>From 1 Sep to 31 Dec 2023<\/td>\n<td>S$6,300 (+S$300)<\/td>\n<\/tr>\n<tr>\n<td>From 1 Jan to 31 Dec 2024<\/td>\n<td>S$6,800 (+S$500)<\/td>\n<\/tr>\n<tr>\n<td>From 1 Jan to 31 Dec 2025<\/td>\n<td>S$7,400 (+S$600)<\/td>\n<\/tr>\n<tr>\n<td>From 1 Jan 2026<\/td>\n<td>S$8,000 (+S$600)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>CPF Ordinary Wage (OW) ceiling progression (2023-2026)<\/em><\/p>\n<p><span style=\"font-weight: 400;\">While it may feel frustrating to have a larger portion of your income allocated to CPF, the bright side is that your savings benefit from guaranteed interest rates. Over time, these contributions will compound, helping you build a stronger financial cushion for retirement, housing, and healthcare needs. Your CPF balances grow with competitive interest rates:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>CPF account<\/b><\/td>\n<td><b>Interest rate (Below 55)<\/b><\/td>\n<td><b>Interest rate (55 &amp; above)<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">OA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">SA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">MA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">RA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">N\/A<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.0%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The interest rates will remain unchanged for Q2 2025 (April 1 &#8211; June 30).<\/p>\n<p>Here&#8217;s the kicker &#8211; you\u2019ll also receive bonus interest on the first S$60,000 of your total CPF savings, with up to S$20,000 coming from your OA. This is designed to motivate you to keep your funds in CPF and make the most of the higher interest rates in your SA or RA. Note that\u00a0CPF contributions are capped at\u00a0<strong>S<\/strong><b>$37,740 per year<\/b>.<\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Age group<\/b><\/td>\n<td><b>Extra interest<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Below 55<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1% on first S$60,000 (up to S$20,000 from OA)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">55 &amp; Above<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2% on first S$30,000, 1% on next S$30,000 (up to S$20,000 from OA)<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<figure id=\"attachment_68501\" aria-describedby=\"caption-attachment-68501\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px-4.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"wp-image-68501 size-full\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px-4.jpg\" alt=\"A girl thinking\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px-4.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px-4-150x113.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><figcaption id=\"caption-attachment-68501\" class=\"wp-caption-text\">Now, let&#8217;s talk math. Do not worry, it is not as daunting as it sounds.<\/figcaption><\/figure>\n<h2><strong>How do I calculate my CPF contributions?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">To calculate your CPF contributions, you will need to know your monthly salary and categorise it into Ordinary Wages (OW) and Additional Wages (AW).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Use the <\/span><a href=\"https:\/\/www.cpf.gov.sg\/employer\/tools-and-services\/calculators\/cpf-contribution-calculator\"><span style=\"font-weight: 400;\">CPF Contribution Calculator<\/span><\/a><span style=\"font-weight: 400;\"> provided by the CPF Board to get an accurate breakdown of your contributions. It&#8217;s user-friendly and helps you plan for your financial future with ease.<\/span><\/p>\n<p><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-2.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"wp-image-68498 aligncenter\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-2.jpg\" alt=\"Person using calculator and laptop\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-2.jpg 2240w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-2-1536x864.jpg 1536w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-2-2048x1152.jpg 2048w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-2-1200x675.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-2-544x306.jpg 544w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-2-352x198.jpg 352w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-2-512x288.jpg 512w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-2-160x90.jpg 160w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-2-256x144.jpg 256w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-design-2-150x84.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n<h2><strong>How do I check my CPF contributions?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Monitoring your CPF contributions is a breeze, and you can do it:\u00a0<\/span><\/p>\n<h3><b>1. Via the CPF website<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Start by logging onto your account on the <\/span><a href=\"https:\/\/www.cpf.gov.sg\/Members\"><span style=\"font-weight: 400;\">CPF website<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Upon accessing it, you will see an overview of your most recent CPF contribution, along with the receipt dates of these funds.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Then, go to the &#8216;My Statement&#8217; section (Section B). This section houses your comprehensive Contribution History, serving as a repository of all your CPF-related transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While your employers are legally required to make CPF contributions, play your part in ensuring the numbers add up. If they do not, reach out to your employer to get things back on track. If the matter remains unresolved, you have the option to contact the Ministry of Manpower (MOM) via email. <\/span><\/p>\n<h3><b>2. Via digital services and apps\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Log to &#8220;<\/span><a href=\"https:\/\/www.cpf.gov.sg\/member\/ds\/\"><span style=\"font-weight: 400;\">my cpf digital services<\/span><\/a><span style=\"font-weight: 400;\">&#8221; or the <\/span><a href=\"https:\/\/www.cpf.gov.sg\/member\/tools-and-services\/cpf-mobile-app\"><span style=\"font-weight: 400;\">CPF Mobile app<\/span><\/a><span style=\"font-weight: 400;\"> using your Singpass credentials.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once inside, you should be able to see your account balances, the past 15 months of Contribution History, and a glimpse into your 15-month Transaction History.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are feeling a little lost, here\u2019s a handy <\/span><a href=\"https:\/\/www.cpf.gov.sg\/content\/dam\/web\/member\/faq\/general-information---useful-tips\/documents\/Guide_to_view_and_save_CPF_statements.pdf\"><span style=\"font-weight: 400;\">PDF guide<\/span><\/a><span style=\"font-weight: 400;\"> to help you out. Prefer to watch an instructional video tailored to your language preference instead? <\/span><a href=\"https:\/\/www.cpf.gov.sg\/member\/infohub\/educational-resources\/how-to-access-your-cpf-statements-online\"><span style=\"font-weight: 400;\">Head on over here.<\/span><\/a><\/p>\n<h3><b>3. Via phone calls<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Give CPF a call at 1800-227-1188 (code 2) between 8:30 AM and 10:00 PM.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Share your request, and they will promptly send hard copy statements to the address they have on record in just 4 business days!\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px-3.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"wp-image-68500 size-full aligncenter\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px-3.jpg\" alt=\"A scale\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px-3.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px-3-150x113.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n<h2><strong>CPF vs. EPF: Which has better interest rates?<\/strong><\/h2>\n<h3><b>Contribution rates<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">In Singapore, the contribution rate for CPF begins at 37% for those 55 and below, while in Malaysia, the contribution rate for EPF is 11% for employees and 13% for employers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This means that you will save more money in CPF over time than you would in EPF.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CPF and EPF are two of the most important retirement savings schemes in Singapore and Malaysia, respectively. Both schemes require employers and employees to contribute a portion of their salaries to a savings account, which can then be used for a variety of purposes, such as housing, education, and healthcare.<\/span><\/p>\n<h3><b>Interest rates<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">One of the key differences between CPF and EPF is the interest rate that is paid on savings. As of February 2025, the interest rate per annum for CPF is:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ordinary Account: 2.5%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Special Account: 4%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">MediSave Account: 4%<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Just like CPF\u2019s three accounts, EPF contributions are split to 3. &#8216;<em>Akaun Persaraan&#8217;<\/em>, formerly known as Account 1, is designated for retirement savings. &#8216;<em>Akaun Sejahtera&#8217;<\/em>, previously called Account 2, is meant to support financial needs at different stages of life. Meanwhile, &#8216;<em>Akaun Fleksibel&#8217;<\/em> is a newly introduced account that provides greater flexibility for short-term financial needs. The interest rate for EPF is also determined quarterly, and as of February 2025, it is:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Conventional savings: 5.50%<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shariah savings: 5.40%<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Based on these figures, EPF currently has a higher interest rate than CPF for all three types of accounts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, it is also important to note that EPF interest rates are subject to the country\u2019s economic status and Ringgit value.\u00a0<\/span><\/p>\n<p><iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=latest-updates-cpf-contribution-rates-sg-how-much-to-pay\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p>\n<h2><strong>Wrapping up<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">In a world where financial security is paramount, understanding CPF contributions is essential. It is not just a monthly deduction from your paycheck; it is an investment in your future.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the latest updates on CPF contribution rates in 2025, you are equipped to plan your finances better.\u00a0<\/span><\/p>\n<p>So, what do you think about these new numbers? Comment your thoughts down below!<\/p>\n<hr \/>\n<div id=\"1718777909.412669\" class=\"c-virtual_list__item\" tabindex=\"0\" role=\"listitem\" aria-label=\"Azhann. This article is a product of 99.co and is based on information gathered from various sources, including The Straits Times. These sources are used in good faith to provide valuable insights. The source of the referenced content is duly credited and we recommend readers refer them for a comprehensive understanding of the topic. 99.co is not responsible for errors, omissions, or consequences from using this information. At 2:18 PM.\" aria-setsize=\"-1\" data-qa=\"virtual-list-item\" data-item-key=\"1718777909.412669\">\n<div class=\"c-message_kit__background c-message_kit__background--hovered p-message_pane_message__message c-message_kit__message\" role=\"presentation\" data-qa=\"message_container\" data-qa-unprocessed=\"false\" data-qa-placeholder=\"false\">\n<div class=\"c-message_kit__hover c-message_kit__hover--hovered\" role=\"document\" aria-roledescription=\"message\" data-qa-hover=\"true\">\n<div class=\"c-message_kit__actions c-message_kit__actions--above\">\n<div class=\"c-message_kit__gutter\">\n<div class=\"c-message_kit__gutter__right\" role=\"presentation\" data-qa=\"message_content\">\n<div class=\"c-message_kit__blocks c-message_kit__blocks--rich_text\">\n<div class=\"c-message__message_blocks c-message__message_blocks--rich_text\" data-qa=\"message-text\">\n<div class=\"p-block_kit_renderer\" data-qa=\"block-kit-renderer\">\n<div class=\"p-block_kit_renderer__block_wrapper p-block_kit_renderer__block_wrapper--first\">\n<div class=\"p-rich_text_block\" dir=\"auto\">\n<div class=\"p-rich_text_section\"><i data-stringify-type=\"italic\">This article is a product of\u00a0<\/i><i data-stringify-type=\"italic\"><a class=\"c-link c-link--focus-visible c-link--underline\" href=\"http:\/\/99.co\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"http:\/\/99.co\" data-sk=\"tooltip_parent\">99.co<\/a><\/i><i data-stringify-type=\"italic\"> and is based on information gathered from various sources, including cpf.gov.sg, dollarsandsense.sg, and areyouready.sg. These sources are used in good faith to provide valuable insights. The source of the referenced content is duly credited and we recommend readers refer them for a comprehensive understanding of the topic. <\/i><i data-stringify-type=\"italic\"><a class=\"c-link c-link--focus-visible c-link--underline\" href=\"http:\/\/99.co\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"http:\/\/99.co\" data-sk=\"tooltip_parent\">99.co<\/a><\/i><i data-stringify-type=\"italic\"> is not responsible for errors, omissions, or consequences from using this information.<\/i><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<hr \/>\n<h2><strong>Frequently Asked Questions (FAQs)<\/strong><\/h2>\n<p><b>What is CPF?<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">The Central Provident Fund (CPF) is a compulsory savings plan for working Singaporeans and Permanent Residents primarily to fund their retirement, healthcare, and housing needs.<\/span><\/p>\n<p><b>How are CPF contribution rates determined?<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">CPF contribution rates are determined based on factors such as the employee&#8217;s age, wage, and employment status (e.g., full-time or part-time). Rates differ for ordinary wages and additional wages.<\/span><\/p>\n<p><b>What are the current CPF contribution rates?<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">The rates vary depending on the employee&#8217;s age and wage band. For employees aged 55 and below, the total contribution rate (employer and employee combined) is typically around 37% of the monthly salary.<\/span><\/p>\n<p><b>How are CPF contributions divided among the different accounts?<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">CPF contributions are divided among three accounts: Ordinary Account (OA), Special Account (SA), and Medisave Account (MA). The allocation percentages vary with age.<\/span><\/p>\n<p><b>What is the employee&#8217;s contribution rate to CPF?<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">For employees aged 55 and below, the employee&#8217;s contribution rate is typically 20% of their monthly wage.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a working Singaporean, you&#8217;ve undoubtedly heard the term &#8216;CPF contribution.&#8217; But what exactly does it entail, and how much are you obligated to pay? If you&#8217;ve been pondering these questions, you&#8217;ve come to the right place. This guide provides the latest updates on CPF contribution rates for 2023 and a simple method for calculating&hellip;<\/p>\n","protected":false},"author":141,"featured_media":68485,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53593,57565],"tags":[57825,57339,57823],"persona":[57125,57126],"class_list":{"2":"type-post","14":"entry","15":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CPF contribution rates | Calculate CPF contributions to pay<\/title>\n<meta name=\"description\" content=\"Read on for the latest updates on CPF contribution rates in Singapore, CPF interest rates, and a guide on how to calculate your contributions!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPF contribution rates, How much CPF contributions to pay\" \/>\n<meta property=\"og:description\" content=\"Read on for the latest updates on CPF contribution rates in Singapore, CPF interest rates, and a guide on how to calculate your contributions!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/99dotco\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-01T10:07:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-18T11:41:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sophiyanah David\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@99dotco\" \/>\n<meta name=\"twitter:site\" content=\"@99dotco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sophiyanah David\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/\"},\"author\":{\"name\":\"Sophiyanah David\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/702f2d8d347fdec35be0d2478a4e069b\"},\"headline\":\"CPF contribution rates, How much CPF contributions to pay\",\"datePublished\":\"2023-09-01T10:07:55+00:00\",\"dateModified\":\"2025-06-18T11:41:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/\"},\"wordCount\":1651,\"publisher\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px.jpg\",\"keywords\":[\"cpf contribution\",\"cpf interest rate\",\"cpf vs epf\"],\"articleSection\":[\"Financial News\",\"Lifestyle\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/\",\"name\":\"CPF contribution rates | Calculate CPF contributions to pay\",\"isPartOf\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px.jpg\",\"datePublished\":\"2023-09-01T10:07:55+00:00\",\"dateModified\":\"2025-06-18T11:41:44+00:00\",\"description\":\"Read on for the latest updates on CPF contribution rates in Singapore, CPF interest rates, and a guide on how to calculate your contributions!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#primaryimage\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px.jpg\",\"contentUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px.jpg\",\"width\":1200,\"height\":900},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.99.co\/singapore\/insider\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial News\",\"item\":\"https:\/\/www.99.co\/singapore\/insider\/financial-news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"CPF contribution rates, How much CPF contributions to pay\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#website\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/\",\"name\":\"\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.99.co\/singapore\/insider\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\",\"name\":\"99.co\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp\",\"contentUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp\",\"width\":192,\"height\":72,\"caption\":\"99.co\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/99dotco\/\",\"https:\/\/x.com\/99dotco\",\"http:\/\/instagram.com\/99.co\",\"https:\/\/www.linkedin.com\/company\/3625176\",\"http:\/\/pinterest.com\/99dotco\/\",\"https:\/\/www.youtube.com\/channel\/UCTFNrxXF9L1XZUlZNq07VKA\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/702f2d8d347fdec35be0d2478a4e069b\",\"name\":\"Sophiyanah David\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/09\/photo_2022-09-06_17-07-59-1-96x96.jpg\",\"contentUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/09\/photo_2022-09-06_17-07-59-1-96x96.jpg\",\"caption\":\"Sophiyanah David\"},\"description\":\"Sophi, a seasoned copywriter specialising in Singaporean real estate and property, is one of the minds behind 99.co's informative articles. Like her colleagues at 99.co, Sophi is dedicated to keeping you informed about the ever-changing world of real estate so you can find your forever home. When off the clock, you can find her giggling and kicking her feet as she reads her romance novels, watching anime - if FMBA is not your fave, she might fight you (but you'll probably win) and looking up latest skincare trends.\",\"sameAs\":[\"www.linkedin.com\/in\/sophiyanah-david-366a96182\"],\"url\":\"https:\/\/www.99.co\/singapore\/insider\/author\/sophiyanah-david\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CPF contribution rates | Calculate CPF contributions to pay","description":"Read on for the latest updates on CPF contribution rates in Singapore, CPF interest rates, and a guide on how to calculate your contributions!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/","og_locale":"en_US","og_type":"article","og_title":"CPF contribution rates, How much CPF contributions to pay","og_description":"Read on for the latest updates on CPF contribution rates in Singapore, CPF interest rates, and a guide on how to calculate your contributions!","og_url":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/","article_publisher":"https:\/\/www.facebook.com\/99dotco\/","article_published_time":"2023-09-01T10:07:55+00:00","article_modified_time":"2025-06-18T11:41:44+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px.jpg","type":"image\/jpeg"}],"author":"Sophiyanah David","twitter_card":"summary_large_image","twitter_creator":"@99dotco","twitter_site":"@99dotco","twitter_misc":{"Written by":"Sophiyanah David","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#article","isPartOf":{"@id":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/"},"author":{"name":"Sophiyanah David","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/702f2d8d347fdec35be0d2478a4e069b"},"headline":"CPF contribution rates, How much CPF contributions to pay","datePublished":"2023-09-01T10:07:55+00:00","dateModified":"2025-06-18T11:41:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/"},"wordCount":1651,"publisher":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#organization"},"image":{"@id":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#primaryimage"},"thumbnailUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px.jpg","keywords":["cpf contribution","cpf interest rate","cpf vs epf"],"articleSection":["Financial News","Lifestyle"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/","url":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/","name":"CPF contribution rates | Calculate CPF contributions to pay","isPartOf":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#primaryimage"},"image":{"@id":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#primaryimage"},"thumbnailUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px.jpg","datePublished":"2023-09-01T10:07:55+00:00","dateModified":"2025-06-18T11:41:44+00:00","description":"Read on for the latest updates on CPF contribution rates in Singapore, CPF interest rates, and a guide on how to calculate your contributions!","breadcrumb":{"@id":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#primaryimage","url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px.jpg","contentUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/Untitled-1200-x-900-px.jpg","width":1200,"height":900},{"@type":"BreadcrumbList","@id":"https:\/\/www.99.co\/singapore\/insider\/latest-updates-cpf-contribution-rates-sg-how-much-to-pay\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.99.co\/singapore\/insider\/"},{"@type":"ListItem","position":2,"name":"Financial News","item":"https:\/\/www.99.co\/singapore\/insider\/financial-news\/"},{"@type":"ListItem","position":3,"name":"CPF contribution rates, How much CPF contributions to pay"}]},{"@type":"WebSite","@id":"https:\/\/www.99.co\/singapore\/insider\/#website","url":"https:\/\/www.99.co\/singapore\/insider\/","name":"","description":"","publisher":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.99.co\/singapore\/insider\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.99.co\/singapore\/insider\/#organization","name":"99.co","url":"https:\/\/www.99.co\/singapore\/insider\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/","url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp","contentUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp","width":192,"height":72,"caption":"99.co"},"image":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/99dotco\/","https:\/\/x.com\/99dotco","http:\/\/instagram.com\/99.co","https:\/\/www.linkedin.com\/company\/3625176","http:\/\/pinterest.com\/99dotco\/","https:\/\/www.youtube.com\/channel\/UCTFNrxXF9L1XZUlZNq07VKA"]},{"@type":"Person","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/702f2d8d347fdec35be0d2478a4e069b","name":"Sophiyanah David","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/image\/","url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/09\/photo_2022-09-06_17-07-59-1-96x96.jpg","contentUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/09\/photo_2022-09-06_17-07-59-1-96x96.jpg","caption":"Sophiyanah David"},"description":"Sophi, a seasoned copywriter specialising in Singaporean real estate and property, is one of the minds behind 99.co's informative articles. Like her colleagues at 99.co, Sophi is dedicated to keeping you informed about the ever-changing world of real estate so you can find your forever home. When off the clock, you can find her giggling and kicking her feet as she reads her romance novels, watching anime - if FMBA is not your fave, she might fight you (but you'll probably win) and looking up latest skincare trends.","sameAs":["www.linkedin.com\/in\/sophiyanah-david-366a96182"],"url":"https:\/\/www.99.co\/singapore\/insider\/author\/sophiyanah-david\/"}]}},"modified_by":"Sophiyanah David","_links":{"self":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts\/68463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/users\/141"}],"replies":[{"embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/comments?post=68463"}],"version-history":[{"count":4,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts\/68463\/revisions"}],"predecessor-version":[{"id":86121,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts\/68463\/revisions\/86121"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/media\/68485"}],"wp:attachment":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/media?parent=68463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/categories?post=68463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/tags?post=68463"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/persona?post=68463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}