Singapore CPF Savings & Contribution Calculator (2026)

Track your Singapore CPF savings. Calculates employee and employer CPF contributions under the updated SGD 8,000 monthly wage ceiling.

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Active 2026 tax engine configurations with local compliance factors.

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Salary Tax Brackets Contractor

2026 Statutory FrameworkStarting 2026, the Ordinary Wage (OW) monthly cap is SGD 8,000. Employee contributions scale down based on age (e.g. 20% for age <= 55, 7.5% for age 65-70).

Gross Base Income

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SGD / YEAR

S$ 12,000S$ 600,000

Residency & Tax Demographics

Fine tune statutory calculations

Singapore CPF Age Bracket35 years old

USD Benchmarking

1 USD = 1.34 SGD

Live Output Metrics

Live

77%Take-Home

Net: 77%Tax: 3%SS: 20%

Gross RemunerationS$ 84,000

Income Tax Liabilities-S$ 2,454

Social Contributions (Employee)-S$ 16,800

Take-Home Pay EstimateS$ 64,746

Effective Rate2.9%

Calculated under YA 2026 progressive resident brackets. Monthly CPF wage cap SGD 8,000. Non-resident rate flat 24% with zero CPF.

Comparative Take-Home Pay (USD Equiv)

Detailed statutory analysis & overview

CPF is often described as a savings rate, but it is really four accounts with different interest rates, different permitted uses, and a split between them that changes as you age. Every dollar contributed is allocated across the Ordinary Account, which funds housing, education, insurance, and investment, the Special Account for retirement, and MediSave for approved medical costs and health insurance premiums. The allocation is not fixed: the Ordinary Account share is largest in your twenties and shrinks steadily as the MediSave share grows, so two employees on identical salaries twenty years apart build very different balances. At 55 a Retirement Account is created and, following a change effective from January 2025, the Special Account is closed for members who have turned 55, with its savings moved to the Retirement Account up to the Full Retirement Sum and any excess to the Ordinary Account. This tracker models the monthly split, the account allocation, and the tiered interest that quietly does most of the compounding work.

Key Regulatory Parameters & Frameworks (YA 2026)

Rule 01

Contribution Split Below Age 55

The employee contributes 20% and the employer 17% of wages, a combined 37%, on Ordinary Wages up to the SGD 8,000 monthly ceiling that took effect on 1 January 2026. At the ceiling that is SGD 1,600 from the employee and SGD 1,360 from the employer each month. Contributions are payable by the 14th day of the following month, and late payment attracts interest charged by CPF Board at 18% a year subject to a minimum monthly amount.

Rule 02

Allocation Across the Three Accounts

Contributions are split by allocation rates that vary with age. For members aged 35 and below the largest portion goes to the Ordinary Account with smaller shares to the Special Account and MediSave. As members move through the 35, 45, 50, and 55 age thresholds the Ordinary Account share falls and the MediSave share rises, reflecting increasing healthcare needs. CPF Board publishes an allocation table by age band, and the rates are revised periodically.

Rule 03

Tiered Interest and the Extra Interest Bands

The Ordinary Account earns a legislated floor of 2.5% a year and the Special, MediSave, and Retirement Accounts a floor of 4%, with actual rates pegged to benchmark instruments and reviewed quarterly. On top of that, an extra 1% is paid on the first SGD 60,000 of combined balances, of which up to SGD 20,000 may come from the Ordinary Account, and members aged 55 and above earn an additional 1% on the first SGD 30,000. Interest is computed monthly and credited annually.

Rule 04

What Changes at 55

A Retirement Account is created at 55, funded from Special and Ordinary Account savings up to the Full Retirement Sum. From January 2025 the Special Account is closed for members who have turned 55: savings move to the Retirement Account up to the Full Retirement Sum, and anything above it goes to the Ordinary Account, where it earns the lower Ordinary Account rate but can be withdrawn at any time. Members may withdraw a lump sum from 55 and begin CPF LIFE payouts from age 65.

Rule 05

The Basic, Full, and Enhanced Retirement Sums

Three reference sums govern how much must stay in the Retirement Account: the Basic Retirement Sum, which can be met with a property charge or pledge, the Full Retirement Sum at twice the Basic, and the Enhanced Retirement Sum, raised to four times the Basic Retirement Sum from 2025, which sets the maximum you may top up to for larger CPF LIFE payouts. The dollar values are revised upward each year for cohorts turning 55, so check the figure for your own cohort rather than the current headline number.

CPF Allocation Example

Scenario Context: Singapore Citizen aged 30 earning SGD 9,000 in monthly Ordinary Wages, with contributions at the statutory rates for members aged 55 and below.

Calculation Stage	Computed Value
Ordinary Wages subject to CPF	SGD 8,000 of the SGD 9,000 paid, the excess attracting no CPF
Employee contribution at 20%	SGD 1,600
Employer contribution at 17%	SGD 1,360
Total monthly CPF credit	SGD 2,960
Account allocation at this age band	Largest share to the Ordinary Account, with smaller amounts to the Special Account and MediSave per the published allocation table
Annual credit before interest	SGD 35,520
Interest applied	2.5% floor on the Ordinary Account and 4% floor on Special and MediSave, plus 1% extra on the first SGD 60,000 of combined balances

Final Deducted Result:SGD 2,960 credited each month, SGD 35,520 a year, of which only SGD 19,200 comes out of the employee's own pay. The remaining SGD 16,320 is employer-funded and is the single largest reason a salaried package is worth more than its headline figure. Compounding at the floor rates, this contribution level builds a substantial Ordinary Account balance well before the earliest housing purchase.

Frequently Asked Questions (FAQ)

Does the ceiling increase affect earlier years?▼

No. The Ordinary Wage ceiling applies year by year as it stood at the time, and the increase to SGD 8,000 from 1 January 2026 is the final step of a phased rise that ran through SGD 6,300, SGD 6,800, and SGD 7,400 in the preceding years. Contributions for an earlier month are computed against that month's ceiling, so back-pay and late contributions must be calculated on the historical figure rather than the current one.

What are CPF contributions actually allocated to?▼

Every contribution splits across the Ordinary Account for housing, education, approved insurance, and investment, the Special Account for retirement savings at the higher interest rate, and MediSave for approved medical treatment and MediShield Life and CareShield Life premiums. The proportions shift with age: younger members get the largest Ordinary Account share, and that share is progressively redirected to MediSave as you pass each age threshold.

Can I contribute more than the statutory amount?▼

Yes. Voluntary contributions can be made to all three accounts up to the annual CPF limit, which is the difference between the total contributions allowed for the year and mandatory contributions already made, or to MediSave alone up to the Basic Healthcare Sum. Cash top-ups to the Special or Retirement Account under the Retirement Sum Topping-Up Scheme attract tax relief, currently up to SGD 8,000 for yourself and a further SGD 8,000 for eligible family members, and count toward the SGD 80,000 overall relief cap.

What happens to my CPF if I give up Singapore citizenship or PR?▼

Members who renounce citizenship or permanent residence and leave Singapore and West Malaysia permanently may apply to withdraw their full CPF balances, including the employer's share, before the usual age thresholds. Supporting evidence of renunciation and departure is required. Members who remain Citizens or Permanent Residents but work abroad keep their balances invested and continue to earn the statutory interest, with contributions simply ceasing while there is no Singapore employment.