Singapore CPF Contribution Rates to Increase from 1 January 2027 for Employees Aged Above 55 to 65

Jun 22
1 min read

Statutory update for Singapore announcing CPF contribution changes effective from 1 January 2027. The update informs employers and employees about upcoming changes to CPF contribution rates for employees aged above 55 to 65.

The Central Provident Fund (CPF) contribution rates for employees aged above 55 to 65 will increase from 1 January 2027.

According to the CPF Board, the change is intended to further strengthen the retirement adequacy of senior employees. The revised rates will apply to wages earned from 1 January 2027.

CPF Contribution Rate Changes Effective 1 January 2027

The CPF contribution rate increase applies to employees aged above 55 to 65.

Table showing CPF contribution rates for employees earning monthly wages above $750, comparing 2026 rates with the rates effective from 1 January 2027. The table highlights increases in CPF contribution rates for employees aged above 55 to 60 and above 60 to 65, including the corresponding employer and employee contribution percentages. Rates for employees aged 55 and below, above 65 to 70, and above 70 remain unchanged.

No Changes for First and Second Year Singapore Permanent Residents

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

What Employers Should Note

Employers should be aware that the revised CPF contribution rates will apply to wages earned from 1 January 2027 for affected employees within the specified age group.

Learn More

For full details on the upcoming CPF contribution rate changes, please refer to the CPF Board announcement:

4 Comments

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2 days ago

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