CPFB | Born in 1995 or later

GROWING YOUR SAVINGS

Platform workers born on 1 Jan 1995 or later

CPF contributions for platform workers born on or after 1 January 1995

CPF contribution rates for you and platform operators' rates will be gradually increased to match that for employees and employers.

CPF contributions will go to Ordinary, Special or Retirement, and MediSave Accounts.

You will see an increase in total earnings after factoring in additional CPF contributions from platform operators.

Your platform operator will deduct your share of CPF contributions as and when you earn, and submit it to CPFB monthly, together with the platform operator share of contributions.

This ensures a seamless process for you.

How will your CPF contribution grow to match that for employees?

Your CPF contribution rates will gradually increase over 5 years to align with those of employees and employers, reaching up to 20% (your share) and 17% (your platform operator’s share) by 2029.

Graph to show gradual increase in CPF con rates over 5 years

_{*Infographic shows CPF contribution rates for platform workers in the “35 & below” age group, with monthly net earnings above $750.}

How will your CPF contributions be used for housing, retirement and healthcare needs?

Your CPF contributions will be allocated to your Ordinary, Special or Retirement, and MediSave accounts, to support your housing, retirement and healthcare needs.

View the CPF allocation rates

Your CPF contributions will be allocated to your Ordinary, Special, and MediSave accounts, to support your housing, retirement and healthcare needs.

Through consistent contributions, your CPF savings will grow steadily, to support your housing, retirement, and healthcare needs.

How will your CPF contribution rate differ if you have net earnings below $750 a month?

Your CPF contribution rates will be lower if your net earnings are less than $750 a month:

Earning Tier	Total share of CPF contribution
Less than or equal $50	No contributions from either party required
More than $50 to $500	Only platform operator needs to contribute their share
More than $500 to $750	No change in platform operator share while platform worker contributes at a reduced rate
More than $750	Both platform worker and platform operator need to contribute their share

View the complete CPF contribution rate table

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Earning Tier

Total share of CPF contribution

Less than or equal $50

No contributions from either party required

More than $50 to $500

Only platform operator needs to contribute their share

More than $500 to $750

No change in platform operator share while platform worker contributes at a reduced rate

More than $750

Both platform worker and platform operator need to contribute their share