From September 2012, the CPF contribution rates for older employees aged above 50 to 65 years has been increased. This is in line with Singapore government’s objective to make sure its citizens have enough retirement savings to see them through the golden years.

If you have older employees in your payroll, do make sure to contribute using the correct rates from September 2012 onward.

Change in CPF Contribution Rates from September 2012

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