From 1 January 2027, CPF contribution rates for employees aged above 55 to 65 will be increased to strengthen their retirement adequacy. The changes will apply to wages earned from 1 January 2027 onwards. With this increase in 2027, we will have reached the target contribution rates for senior workers aged above 60 to 65.

 

 

Employee's age (years)	2026	CPF Contribution Rates from 1 Jan 2027
	Total   (% of wage)	Total   (% of wage)	Employer   (% of wage)	Employee   (% of wage)
55 and below	37	37	17	20
Above 55 to 60	34	35.5 (+1.5)	16.5 (+0.5)	19 (+1)
Above 60 to 65	25	26 (+1)	13 (+0.5)	13 (+0.5)
Above 65 to 70	16.5	16.5	9	7.5
Above 70	12.5	12.5	7.5	5

 

a) The increase in the CPF contributions for employees aged above 55 to 65 will be fully allocated to the Retirement Account (RA), up to their Full Retirement Sum (FRS), to help senior workers save more for retirement. If employees have already set aside their FRS in their RA, these contributions will be channelled to their Ordinary Account.

 

b) Contribution rate increases will also apply to senior workers earning monthly wages of more than $500 to $750, who contribute at phased-in contribution rates. For such seniors, their phased-in contribution rates will proportionally increase.

 

c) There are no changes to the graduated contribution rates for first and second year Singapore Permanent Residents. 

 

You may refer to the detailed CPF contribution rate tables (PDF, 0.17 MB) and CPF allocation rate table (PDF, 0.1MB) from 1 January 2027 for more details