The Central Provident Fund is Singapore's compulsory savings scheme for Citizens and Permanent Residents, covering retirement, healthcare, and housing.
For employees aged 55 and below: employee 20%, employer 17% of monthly wages (up to the Ordinary Wage ceiling of $8,000/month), for a total of 37%. Rates step down progressively for older workers.
| Account | Purpose |
|---|---|
| Ordinary Account (OA) | Housing, insurance, investment, education |
| Special Account (SA) | Retirement and retirement-related investments |
| MediSave Account (MA) | Healthcare expenses and approved insurance |
Citizens and PRs working in Singapore must contribute. Foreigners on Employment Pass, S Pass, or Work Permit don't contribute to CPF — their retirement/healthcare arrangements are typically handled privately.
Calculate your CPF contributions.
Use the CPF Calculator →CPF rates and wage ceilings are reviewed periodically by the government. Verify current rates with the CPF Board.