Personal Finance
CPF Voluntary Contribution Rates
By Investment Stab  •  May 17, 2015
Today's post will be on: CPF Voluntary Contribution Rates. This post is written to complement our 2 other posts: CPF Interest VS Fixed Deposit Retirement Sum Top Up VS Voluntary Contribution When you voluntarily contribute money into your CPF via the Voluntary Contribution Scheme, your money goes into your OA, SA & MA based on a fixed percentage that is determined by your age. There is a Voluntary Contribution Calculator on the CPF website. However, we have done the work for you, and the contribution rates are as per below:
Age Ordinary Account Special Account Medisave Account
Below 35 62.17% 16.21% 21.62%
35 to 45 56.77% 18.91% 24.32%
46 to 50 51.36% 21.62% 27.02%
51 to 55 40.00% 30.00% 30.00%
56 to 60 48.00% 10.00% 42.00%
61 to 65 21.88% 12.50% ...
...
Read the full article
By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance