Singapore CPF Contribution Calculator (Employer & Employee)

About the Singapore CPF Contribution Calculator (Employer & Employee)

Work out the CPF on a Singapore employee’s pay the way an employer must: the employee’s share deducted from the pay, the employer’s share on top, and the total paid to CPF Board, month by month. Enter the monthly salary and any bonus, and the calculator applies CPF Board’s rates for the employee’s age band and residency, the Ordinary Wage ceiling of S$8,000 a month and the yearly Additional Wage (AW) ceiling, rounded exactly as CPF Board’s rules say.

What sets it apart is the AW ceiling done CPF Board’s way: estimated at every bonus payment, re-calculated in December or in the last month of employment, with any shortfall on earlier bonuses paid at the rates of the month they were paid, and any excess shown as a refund to claim. It also handles new Permanent Residents (graduated rates and the change in the month after each anniversary), the month a new age band starts, employees who join or leave during the year and bonuses paid after they leave. You also see how CPF Board allocates the money between the Ordinary, Special or Retirement, and MediSave Accounts, the Skills Development Levy, the self-help group deduction and the employee’s take-home pay. Nothing you type leaves your browser.

Without a pass, the free preview shows the rates and rules of the month you pick and the first rows of each table with the salary and bonus you entered, with the CPF, the take-home pay, the AW ceiling and every other amount hidden; a Premium pass unlocks every contribution, the month-by-month table and the year, the allocation, the working, the copied summary and the CSV.

CPF contribution rates

For Singapore Citizens and Permanent Residents from their third year, on total wages above S$750 a month (CPF Board rate tables):

• 55 and below: employer 17%, employee 20%, total 37%
• Above 55 to 60: employer 16%, employee 18%, total 34%
• Above 60 to 65: employer 12.5%, employee 12.5%, total 25%
• Above 65 to 70: employer 9%, employee 7.5%, total 16.5%
• Above 70: employer 7.5%, employee 5%, total 12.5%

A new age band applies from the first day of the month after the 55th, 60th, 65th or 70th birthday (CPF Board). On total wages of S$50 or less no CPF is payable; above that up to S$500 only the employer contributes; between S$500 and S$750 the employee’s share is phased in (at 55 and below, 0.6 × the wages above S$500). These are the tables for private-sector and non-pensionable public-sector employees.

CPF Board has published its next rate tables, higher for senior workers: above 55 to 60: 35.5% (employer 16.5%, employee 19%) and above 60 to 65: 26% (employer 13%, employee 13%) (CPF Board). Choose the later year under Wages paid in to use them.

How a month’s CPF is rounded

CPF Board’s steps for every month (rate tables):

• work out the total contribution and round it to the nearest dollar (50 cents and above up);
• work out the employee’s share and round it down to the dollar;
• the employer’s share is the total less the employee’s share;
• when Ordinary and Additional Wages are paid in the same month, add their contributions before rounding.

So at 55 and below the most CPF on one month’s salary is S$2,960 (employee S$1,600), and the most on a year’s wages is S$37,740: S$102,000 of wages at 37%. The rate band always follows the month’s total wages before the AW ceiling is applied.

The Additional Wage ceiling, step by step

Additional Wages are pay not given for the month’s work, such as a performance bonus. They attract CPF up to the AW ceiling: S$102,000 less the Ordinary Wages subject to CPF for the year, per employee, per employer and per calendar year (CPF Board). Because the year’s salary is only known at the end, CPF Board asks employers to work in two steps (CPF Board’s examples on the computation of the AW ceiling):

• at every AW payment, estimate the ceiling with this month’s salary for the rest of the year, pay CPF on the AW within it, and pay any shortfall or claim back any excess;
• in the last month of employment, or in December, re-calculate the ceiling on the actual salary paid and pay any shortfall with that month’s CPF, or apply for a refund of any excess.

AW left without CPF is picked up first when a later ceiling has room, at the rates of the month it was paid: a bonus paid at 37% before the employee turned 55 keeps 37%. AW paid after the employee leaves uses the ceiling of the year’s actual salary. The calculator follows these steps month by month and shows each estimate in the working.

New Permanent Residents

CPF is payable from the day the employee becomes a Permanent Resident: in that month only on the salary for the days from the SPR date, and on Additional Wages payable on or after it (CPF Board). The first year of SPR status runs from the SPR date, the second from the first day of the month after the first anniversary, and the third from the first day of the month after the second anniversary. In the first two years the graduated rates apply (G/G: at 55 and below, 4% employer and 5% employee in the first year, 9% and 15% in the second), unless the employer and employee apply together for full employer rates with graduated employee rates (F/G) or full rates for both (F/F) (CPF Board). Enter the SPR date and the calculator switches tables in the right month. Foreigners on an Employment Pass, S Pass or Work Permit do not contribute to CPF at all (CPF Board).

Where the CPF goes

CPF Board allocates each month’s total contribution by the employee’s age, working out the MediSave Account share first, then the Special Account (the Retirement Account from 55), with the rest to the Ordinary Account (CPF Board allocation rates). For ages 35 and below, 0.6217 of the contribution goes to the Ordinary Account, 0.1621 to the Special Account and 0.2162 to MediSave; above 55 to 60 the split is 0.353, 0.3382 (to the Retirement Account) and 0.3088. From 55 the Retirement Account share goes there up to the Full Retirement Sum, and to the Ordinary Account once that sum is set aside. The calculator reads the allocation table’s age bands (35, 45 and 50) the same way as the rate table’s: a new band from the month after the birthday.

Skills Development Levy and self-help groups

Employers also pay the Skills Development Levy for every employee working in Singapore, foreign employees included: 0.25% of the month’s total wages, at least S$2.00 (below S$800) and at most S$11.25 (above S$4,500); the employer rounds the total for all its employees down to the dollar (CPF Board).

Self-help group contributions (CDAC, ECF, MBMF and SINDA) are deducted from the employee’s wages and paid with the CPF, by bands of the month’s total wages; an employee who does not want to contribute, or wants to give a different amount, contacts the fund (CPF Board). Choose a fund under Months and other pay to take it off the take-home pay.

Limitations

• For private-sector and non-pensionable public-sector employees. Pensionable officers, self-employed persons (who pay MediSave on their net trade income) and platform workers have other rules.
• It assumes CPF is due on the wages entered. CPF Board lists cases where it is not, or is voluntary: Singapore Citizens and Permanent Residents working overseas, directors’ fees voted at general meetings, and registered students of local schools working in the school holidays (CPF Board).
• One period of employment in the year. For an employee who left and re-joined, enter 0 salary for the months in between: the year’s totals match CPF Board’s example, but CPF Board pays the first period’s shortfall in its own last month.
• Estimates of the AW ceiling extend the month’s salary to December, as CPF Board’s examples do. The re-calculation in the last month brings the year to the same result whichever estimate an employer used.
• With more than one employer, each employment has its own OW and AW ceilings; an employee whose total salary exceeds the OW ceiling can apply to CPF Board to limit their share.
• In the month of SPR status, enter only the pro-rated salary from the SPR date and the AW payable on or after it.
• The allocation is worked out with CPF Board’s ratios and rounded to the cent; a statement may differ by a cent. Whether the Retirement Account share goes to the Ordinary Account depends on the Full Retirement Sum, which the calculator does not know.
• A refund of excess contributions is applied for by the employer; the calculator shows the amounts, not the application.
• An estimate for planning and checking payroll, not advice. Confirm with CPF Board’s own calculators before you pay.

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