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Singaporeans and Permanent Residents who are employed are entitled to CPF contributions from the employer.

 

As you work and make CPF contributions, you accumulate savings in these three accounts: your Ordinary Account (OA), MediSave Account (MA), and Special Account (SA). 

 

When you’re younger, more of your CPF contributions are allocated to your OA to support your home purchase. As you grow older, more CPF contributions are allocated to your SA and MA to meet growing healthcare and retirement needs. 

 

At age 55, a Retirement Account (RA) is created for you.  

 

Your CPF savings in the Ordinary Account (OA) earn guaranteed interest rate of 2.5% per annum, while savings in the Special Account (SA), MediSave Account (MA) and Retirement Account (RA) currently earn interest rate of 4% per annum.

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Who is exempted from receiving CPF contributions?

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Employees should receive CPF contributions from their employers. However, the following employees are exempted from receiving CPF contributions:

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1. Students who fulfil exemption criteria. Find out more about who you need to pay CPF contributions for (PDF, 0.2MB) under the header “Students”.

2. 
   Foreigners. Persons who are not Singapore Citizens or Permanent Residents.

3. 
   Domestic employees with employment not exceeding 14 hours in any week. Examples include cooks, maids and gardeners.

4. 
   Employees of the United Nations (UN) Organisation, or any agency or institution of the United Nations Organisation stationed in Singapore. Please refer to the UN website for the list of organisations that are part of the UN Organisation under the headers "United Nations Organs and Programmes" and "Specialized Agencies and other Organizations".

5. 
   Seamen who are Singapore Citizens and are employed:
    

   1. in a Swedish ship on terms and conditions of service applicable to Swedish seamen; or

   2. 
      in a Norwegian ship on terms and conditions of service applicable to Norwegian seamen; or

   3. 
      by the East Asiatic Co. Ltd. of Denmark on terms and conditions of the agreement between the Danish Shipowners’ Association and the Seamen’s Union in Denmark.

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https://www.cpf.gov.sg/member/faq/growing-your-savings/saving-as-an-employee/who-are-exempted-from-not-entitled-to-cpf-contributions-

 

https://www.cpf.gov.sg/member/cpf-overview

https://www.cpf.gov.sg/member/growing-your-savings/saving-more-with-cpf/top-up-to-enjoy-higher-retirement-payouts

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• Saving as an employee

From the day you begin working, you start saving for retirement. You and your employer contribute monthly towards your CPF. As an employee, your employer is required to make CPF contributions for you.

 

Under the CPF Act, an employee is defined as:

• A person who is employed in Singapore under a Contract of Service (COS); or

• A Singapore Citizen who is employed under a contract of service or other agreement entered into in Singapore as a master, seaman, or apprentice in any vessel.

If you’re a Singapore Citizen or Permanent Resident employee earning total wages of more than $50 per month, your employer must contribute CPF for you. 

 

An employee can be employed on full-time, part-time, temporary, contract, or casual basis.

Learn more (PDF, 0.2MB)

 

Employees exempted from CPF contributions

Some employees are exempted from CPF contributions. They include students who fulfil exemption criteria, foreigners, domestic employees, employees of the United Nations, and seamen who fulfil exemption criteria.

 

Employees working in Singapore for an overseas employer

CPF contributions are required on wages payable to any Singapore Citizen or Permanent Resident employee working in Singapore, even if the contract is signed overseas.

https://www.cpf.gov.sg/member/growing-your-savings/cpf-contributions/saving-as-an-employee