CPF Contribution Rates Updated for 2026: What Singapore Employers Need to Know

What you need to know

• What changed: CPF contribution rates for employees aged 55–65 increased by 1.5 percentage points
• Effective date: 1 January 2026
• Who is affected: Singapore employers with staff aged 55–65
• What to check: Verify your payroll software has applied the new rates
• Stackd verdict: Check before your next pay run

What changed

From 1 January 2026, CPF contribution rates for employees aged above 55 to 65 increased by a combined 1.5 percentage points — 0.5 from employers and 1.0 from employees. This is the final phase of a multi-year programme to strengthen retirement savings for older workers announced in Budget 2023.

For employees aged above 55 to 60, the total contribution rate is now 34%. For employees aged above 60 to 65, the total rate is now 25%.

What it means for your business

If you employ Singapore citizens or permanent residents aged 55 to 65, your employer CPF costs increased from January 2026. The key question is whether your payroll software applied the new rates automatically.

What to do now

1. Check the CPF contribution rate table in your payroll software for employees aged 55–65
2. Run a test payroll calculation and compare against the CPF Board calculator at cpf.gov.sg
3. If rates have not been updated, contact your vendor immediately