Changes in CPF Ordinary Wage Ceiling and Contribution Rates

Increase in CPF Ordinary Wage (OW) Ceiling

Effective from 1 January 2025, the CPF Ordinary Wage ceiling, which sets the monthly limit on Ordinary Wages attracting CPF contributions, will be increased from $ 6,800 to $8,000 per month in line with the transitional table.

The CPF annual salary ceiling remains unchanged at $102,000, encompassing contributions from both Ordinary Wages and Additional Wages in a calendar year.

The table below outlines the CPF OW and annual salary ceilings for the transition period:

Note: Figures in brackets indicate the increase in ceiling amount.

Increase in CPF Contribution Rates

From 1 January 2025, CPF contribution rates for employees aged above 55 to 65 will increase to enhance retirement savings. 

These rates will apply to wages earned from this date for employees earning monthly wages above $750:

Note: Figures in brackets indicate the increase in contribution rates.

For employees earning monthly wages between $500 and $750, employee contribution rates will continue to be gradually phased in.

No changes will be made to the graduated CPF contribution rates for first- and second-year Singapore Permanent Residents (SPRs).

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change.

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Singapore – Changes to CPF Ordinary Wage Ceiling and Contribution Rates

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