Singapore-based financial blog that aims to educate people on personal finance, investments, retirement and their Central Provident Fund (CPF) matters.

Sunday, 17 May 2015

CPF Voluntary Contribution Rates

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% 65.62%
Above 65 8.00% 8.00% 84.00%

If you have any queries or tips about CPF, please do not hesitate to contact us!
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  1. Can an unemployed person participate in the voluntary contribution scheme?
    If yes, how to do it? and conditions attach?

    1. Hi,

      Thank you for your question.
      Please give us some time to look into your question
      We will dive deeper into your question to provide you with a better and correct answer.

      Currently, base on what I know from previously read CPF websites/articles, yes, an unemployed person can participate in voluntary contribution.
      The link below shows how to do it:
      Via Giro, cheque, AXS or CPF website.

      However, if you are not using the contributions for payment of insurance or mortgage, you may wish to consider contributing to your Special Account via Retirement Sum Top Up Scheme (for your retirement).
      More information on the link here:

    2. Thks for the link. If I have reached the Full retirement sum, can I still contribute if I have not reached the CPF voluntary limit?

    3. Hi,

      Yes, you may still contribute to your CPF accounts via Voluntary Contribution after you have reached your minimum sum.

      Before age 55
      If you have the Full Retirement Sum (FRS) in your Special Account, VC money will go into the OA,SA & MA.

      After age 55, if you have the FRS set aside in your RA, your VC contributions will go into OA, SA & MA