Cpf Contribution Rates Changes 1 January 2024. Increase in cpf special and medisave account interest rates in december 2023, the cpf board announced the interest rates. The cpf rates applicable to employer’s and employee’s contribution will be increased regarding those employees aged between 55.
Total (% of wage) employer (% of wage) employee (% of wage) 55 and below: These changes were first implemented on 1 january 2022 and a second round of increases took effect on 1 january 2023.
From 1 St January 2026:
Cpf contribution rates from 1 january 2024:
The Previous Change Effected On 1 January 2024 Was Of 1.5% For The Ages 55 To 65 And 1% For The Ages 65 To 70.
From 1 january 2024, the cpf.
From 1 St January 2024:
Images References :
2023 Total (% Of Wage) Total (% Of Wage) By Employer (% Of Wage) By Employee (% Of Wage) 55 And Below:
From 1 jan 2024, employee and employer contribution rates for workers aged >55 to 70 years old have since increased by an additional 0.5% or 1% each, as announced in.
23.5 (+1.5) 12.0 (+0.5) 11.5 (+1).
When the cpf monthly salary ceiling is raised to s$6,800 on 1 january 2024, your 20% employee contribution will increase to s$1,360.