Calculate your take-home pay after all deductions.
Your in-hand salary (or take-home pay) is your gross monthly salary minus all deductions. This includes your employee's share of the CPF contribution and any community fund donations. This calculator clearly itemizes these deductions for you.
CPF contribution rates vary by age and citizenship. For a Singapore Citizen aged 55 and below, the employee contributes 20% and the employer contributes 17%. Rates are lower for older workers and new Permanent Residents (PRs). Our calculator uses the latest official rates.
The Ordinary Wage (OW) Ceiling is the maximum monthly salary on which CPF contributions are calculated. From 1 Jan 2024, the ceiling is $6,800. The ceiling is being gradually raised to $8,000 by 2026. This calculator automatically applies the current ceiling.
Permanent Residents (PRs) have graduated CPF rates for their first two years. Rates are lower in the first and second years and become the same as Singapore Citizens from the third year onwards. Our calculator allows you to select your PR status for an accurate calculation.
Your total CPF contribution is allocated into three accounts: Ordinary Account (OA) for housing and investment, Special Account (SA) for retirement, and Medisave Account (MA) for healthcare. This calculator shows the precise allocation based on your age.
Currently, your OA earns 2.5% interest per annum, while your SA and MA earn 4.08% p.a. The government provides an extra 1% interest on the first $60,000 of your combined CPF balances (with up to $20,000 from the OA).
A bonus is considered an Additional Wage (AW). CPF is payable on AW, but it's subject to the annual Additional Wage Ceiling. The AW ceiling ensures that total CPF contributions do not exceed the CPF Annual Limit ($37,740). This monthly calculator focuses on Ordinary Wages.
Ordinary Wage (OW) is your regular monthly salary. Additional Wage (AW) includes payments that are not made on a monthly basis, such as annual bonuses, performance incentives, or leave pay. Both are subject to CPF contributions, but have different ceilings.
If you are a self-employed person earning over $6,000 in a year, you are required to contribute to your Medisave Account (MA). Contributions to OA and SA are optional. This calculator is designed for salaried employees.
CPF LIFE (Lifelong Income For the Elderly) is a national longevity insurance annuity scheme. It provides you with a monthly payout for life starting from your payout eligibility age, by using the savings from your Retirement Account.
You can start making withdrawals from your CPF accounts from age 55. You can withdraw up to $5,000, or your OA and SA savings above the Full Retirement Sum (FRS), whichever is higher.
You can use your Ordinary Account (OA) savings to pay for your property's downpayment, subject to valuation and purchase price limits. For HDB flats, you can use CPF to pay the downpayment after an initial cash payment, depending on the loan type.
Yes, under the CPF Investment Scheme (CPFIS), you can invest your OA savings above $20,000 and your SA savings above $40,000 in a range of approved investment products.
The Retirement Sum Topping-Up Scheme allows you to build your retirement savings by making cash top-ups to your own or your loved ones' Special or Retirement Accounts. You can also transfer CPF savings from your OA to your SA/RA.
If you earn more than $50 per month, your employer must contribute their share of CPF. However, you only need to contribute your employee's share if you earn more than $500 per month.
Yes, CPF contributions are payable for part-time employees as long as they are Singapore Citizens or PRs and earn more than $50 per month. The contribution rules are the same as for full-time employees.
No, foreigners working in Singapore on an Employment Pass, S Pass, or Work Permit do not contribute to the CPF scheme. CPF is only for Singapore Citizens and Permanent Residents (PRs).
A CPF Nomination allows you to specify who will receive your CPF savings upon your passing. Without a nomination, your savings will be distributed by the Public Trustee's Office according to intestacy laws, which is a longer process.
You can check your CPF statement, including balances and transaction history, by logging into the official myCPF online services portal or the CPF Mobile app using your Singpass.
No, contributions to self-help groups (SHGs) like CDAC, MBMF, SINDA, and ECF are voluntary. You can choose to opt-out by contacting the respective group directly. Our calculator lets you include these to see their impact on your salary.
It is an offence for employers not to pay CPF contributions on time. The CPF Board enforces this strictly. Penalties include late payment interest charged at 1.5% per month and potential fines or imprisonment for non-compliance.