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% |
... |
...