From 1 January 2016, the CPF contribution rates will be increased for employees aged above 50 to 65 years. This change will affect employees who are Singapore Citizens, third year and onwards Singapore Permanent Residents (SPRs) and first or second year SPRs contributing to CPF at full rates or full employer-graduated employee rates.

The CPF Ordinary Wage Ceiling will also be raised from $5,000 to $6,000. The Additional Wage Ceiling will therefore be increased from $85,000 to $102,000. These two changes will apply to all employees.

Source: CPF Board