By MoneyBees
CPF for a Singapore PR in the first and second year: graduated rates, full employer and graduated employee rates, the dates each applies and when full rates start.
Graduated rates. Aged 55 and below on wages above S$750, you pay 5% and your employer 4%, 9% in all, against 20% and 17% at full rates.
Still graduated, but higher. Aged 55 and below on wages above S$750, you pay 15% and your employer 9%, 24% in all.
From the third year. Year 1 runs from the date you became a PR to the last day of the month of your first anniversary, and year 2 to the end of the month of your second anniversary, with full rates from the month after that.
Yes, if you and your employer apply jointly to CPF Board. You can both pay full rates, or your employer can pay the full rate while you stay on the graduated rate, as long as the two of you apply together.
G/G means graduated rates for both employer and employee, the default for new PRs. F/G means the employer pays the full rate and the employee the graduated rate, after a joint application.
No. CPF Board says the graduated rates for first and second year PRs do not change. Full employer rates for ages above 55 to 65 rise from 1 Jan 2027, so F/G rates for those ages rise too.
Nothing on S$50 a month or less. From above S$50 to S$500 only the employer pays. From above S$500 to S$750 your share phases in, at 0.15 of the wage above S$500 in year 1.
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