CPF contribution rates are differentiated depending on the year an individual is granted Singapore Permanent Resident (SPR) status.
The first year rate of CPF contributions applies to Permanent Residents (PRs) in the year they become PRs. It starts on the date on entry permit (Form 5/5A) issued by Singapore’s Immigration and Checkpoints Authority (ICA) and ends on the last day of the month following the conversion’s first anniversary.
The second and third year rates are applicable in the month following the anniversaries of conversion.
For example, if a PR obtained their SPR status on 15 January 2020, the start and end dates for first, second and third year of obtaining SPR status are as the following:
1st year: 15 January 2020 – 31 January 2021
2nd year: 01 February 2021 – 31 January 2022
3rd year: 01 February 2022 – Not Applicable