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🇸🇬Singapore

Singapore CPF Calculator

Calculate your CPF contributions and account allocation in Singapore.

S$
years
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Results

Employee CPF (monthly)S$1,200
Employer CPF (monthly)S$1,020
Total CPF (monthly)S$2,220
Monthly Take-HomeS$4,800
Annual Total CPFS$28,860
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What is Singapore CPF?

The CPF (Central Provident Fund) Calculator estimates your monthly CPF contributions — Singapore's mandatory savings system that funds retirement, housing, and healthcare. CPF is the cornerstone of Singapore's social security system, covering 4 million members.

Both employees and employers contribute to CPF. For workers aged 55 and below, the employee contributes 20% and the employer contributes 17% of ordinary wages (capped at S$6,800/month from January 2024). This 37% total contribution rate is one of the highest mandatory savings rates in the world.

CPF contributions are split into three accounts: Ordinary Account (OA) — can be used for housing, education, insurance, and investments; Special Account (SA) — for retirement and investment; MediSave Account (MA) — for medical expenses and approved insurance. The allocation ratios change with age, with more going to MA and SA as you get older.

CPF interest rates are attractive: OA earns 2.5% (first S$20K earns extra 1%), SA and MA earn 4% (first S$40K in SA earns extra 1%), and Retirement Account (RA) earns 4%. These are risk-free, government-guaranteed returns — comparable to the best fixed deposits.

The annual CPF contribution ceiling is S$102,000 (ordinary wages cap of S$6,800/month × 12 + additional wages). Any salary above S$6,800/month does not attract CPF on the excess for ordinary wages. Additional wages (bonuses, commissions) attract CPF up to the annual limit.

Want to estimate your Singapore tax? Try our Singapore Income Tax Calculator.

Formula

CPF Contribution Rates (Age ≤ 55, from Jan 2024):

Employee: 20% of Ordinary Wages (capped at S$6,800/month) Employer: 17% of Ordinary Wages (capped at S$6,800/month) Total: 37%

Account Allocation (Age ≤ 35): OA: 23% (of wages) | SA: 6% | MA: 8%

Age-based rates: - ≤55: Employee 20%, Employer 17% = 37% - 55-60: Employee 15%, Employer 15% = 30% - 60-65: Employee 9.5%, Employer 10.5% = 20% - 65-70: Employee 7.5%, Employer 8.5% = 16% - >70: Employee 5%, Employer 7.5% = 12.5%

Worked Example — S$6,000/month salary, age 30: Employee: S$6,000 × 20% = S$1,200 Employer: S$6,000 × 17% = S$1,020 Total monthly: S$2,220 Take-home: S$6,000 − S$1,200 = S$4,800 Annual CPF (excl bonus): S$26,640

With S$6,000 annual bonus: Bonus CPF: S$6,000 × 37% = S$2,220 Annual total CPF: S$28,860

How to use this Singapore CPF Calculator?

1. Enter Monthly Salary: Your ordinary wages (basic salary + fixed allowances). CPF applies on the first S$6,800/month.

2. Enter Age: Contribution rates reduce at ages 55, 60, 65, and 70.

3. Enter Annual Bonus: Additional wages like AWS, performance bonus, commission. CPF applies up to the annual ceiling of S$102,000 total.

4. Results show your employee contribution (deducted from salary), employer contribution (paid by company), total CPF, take-home pay, and annual total CPF.

Pro tip: Make voluntary CPF top-ups to your SA (up to S$8,000) for tax relief AND earn 4% guaranteed interest. It's one of the best tax-saving + wealth-building moves in Singapore.

Frequently asked questions

What is the CPF contribution rate?
For employees aged 55 and below: 20% employee + 17% employer = 37% total, on ordinary wages capped at S$6,800/month. Rates decrease gradually after age 55. Self-employed persons contribute to MediSave only (based on net trade income).
What is the CPF monthly salary cap?
S$6,800/month for ordinary wages (from January 2024, increasing to S$7,400 by 2026). Salary above this cap does not attract CPF on the excess for ordinary wages. The annual CPF ceiling is S$102,000 (including additional wages like bonuses).
Can I use CPF to buy a house?
Yes, CPF OA (Ordinary Account) can be used for: (1) down payment and monthly mortgage for HDB flats, (2) down payment (up to 5% for private property), (3) monthly mortgage payments, (4) stamp duty and legal fees. This is one of the main uses of CPF for most Singaporeans.
What interest does CPF earn?
OA: 2.5% p.a. (floor rate). SA: 4% p.a. MA: 4% p.a. RA: 4% p.a. Extra 1% on the first S$60,000 of combined balances (up to S$20,000 from OA). Extra 1% for members 55+ on the first S$30,000 (up to S$20,000 from OA). These are risk-free, government-guaranteed returns.
When can I withdraw CPF?
At age 55, you can withdraw savings above the Full Retirement Sum (FRS) in your RA. The FRS for 2025 is S$205,800. From age 65 (Payout Eligibility Age), you receive monthly CPF LIFE payouts. Before 55, withdrawals are only allowed for approved purposes: housing, medical, education, and specific hardship cases.
Is CPF contribution tax-deductible?
Yes, mandatory employee CPF contributions are fully deductible from taxable income. Voluntary top-ups to SA/MA (cash top-ups under the Retirement Sum Topping-Up Scheme) qualify for additional tax relief of up to S$8,000 per year. This is one of the most effective tax-saving tools in Singapore.
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