What is the CPF contribution rate according to employees’ age groups?

1 20 March, 2024

CPF contribution rates are differentiated depending on the age group of employees

Employers are required to contribute to their employees’ Central Provident Fund (CPF) with rates across different age groups summarized in the following table:

Employee’s Age (years) Contribution rates from 1 January 2023
By employer (% of wage) By employee (% of wage) Total (% of wage)
55 and below 17 20 37
Above 55 to 60 14.5 15 29.5
Above 60 to 65 11 9.5 20.5
Above 65 to 70 8.5 7 15.5
Above 70 7.5 5 12.5

Find out more about CPF contribution rates here.