Navigate Singapore's CPF system with ease! Our CPF Calculator helps you determine monthly contributions to your Ordinary, Special, and Medisave Accounts for employees and employers. Essential for financial planning in Singapore. Find out your CPF balances now.
Formula:
The Central Provident Fund (CPF) contributions in Singapore are calculated based on your age group and monthly ordinary wages (OW), up to statutory limits (OW ceiling S$6,000 as of 2024). Additional wages (AW) are subject to an annual wage ceiling.
Employee's Share: Monthly Wage × Employee Contribution Rate
Employer's Share: Monthly Wage × Employer Contribution Rate
Total Contribution: Employee's Share + Employer's Share
Funds are then allocated to your Ordinary Account (OA), Special Account (SA), and Medisave Account (MA) based on age-specific percentages of your wages.