Budget 2025: CPF contribution rates of those aged above 55 to 65 to increase 1.5 percentage points in 2026
CNAJustin Ong Guang-Xi
Budget 2025: CPF contribution rates of those aged above 55 to 65 to increase 1.5 percentage points in 2026
When the increases are fully implemented, those aged above 55 to 60 will have the same CPF contribution rates as younger workers.
Feb 18, 2025
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Budget 2025: CPF contribution rate for older workers to increase by 1.5 percentage points from 2026
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Central Provident Fund CPF Contribution Rates
Up to S$1,500 in CPF top-ups will be given to Singaporeans aged 50 and above with retirement savings below the Basic Retirement Sum. Those with lower balances will receive larger top-ups, announced Prime Minister and Finance Minister Lawrence Wong in his #Budget2026 speech in parliament on Thursday (Feb 12). CPF contribution rates for senior workers will also increase in 2027 as planned, he added. https://cna.asia/4av3Sm5 #SingaporeBudget #sgnews | CNA
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Up to S$1,500 in CPF top-ups will be given to Singaporeans aged 50 and above with retirement savings below the Basic Retirement Sum. Those with lower balances will receive larger top-ups, announced Prime Minister and Finance Minister Lawrence Wong in his #Budget2026 speech in parliament on Thursday (Feb 12). CPF contribution rates for senior workers will also increase in 2027 as planned, he added. https://cna.asia/4av3Sm5 #SingaporeBudget #sgnews | CNA
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26K views · 156 reactions | Senior workers aged 55 to 65 will receive an increase in CPF contribution rates by 1.5% in 2026. Employers who hire Singaporean seniors aged 60 and above, and earning less than S$4,000 a month, will also receive a one-year extension in the Senior Employment Credit to offset wages. #Budget2025 #singaporebudget | CNA | Facebook
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26K views · 156 reactions | Senior workers aged 55 to 65 will receive an increase in CPF contribution rates by 1.5% in 2026. Employers who hire Singaporean seniors aged 60 and above, and earning less than S$4,000 a month, will also receive a one-year extension in the Senior Employment Credit to offset wages. #Budget2025 #singaporebudget | CNA | Facebook
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