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    CPF contribution (SG)

    How CPF works

    The Central Provident Fund (CPF) is a key pillar of Singapore’s social security system. CPF helps Singapore Citizens and Permanent Residents set aside funds to build a strong foundation for retirement.

    Your CPF Accounts

    • CPF contributions are made by both employees and employers, with a portion of the employee’s salary being set aside and matched by their employer.

    Each month, TSP will make a CPF contribution on your behalf, which consists of

    • Employee’s contribution - which is deducted from your salary
    • Employer’s contribution - which is a top-up by TSP
    • The primary accounts include the Ordinary Account (OA), which can be used for housing, education, and investment, and the Special Account (SA) and Medisave Account (MA), which are dedicated to retirement and healthcare respectively.
    • At age 55, a Retirement Account (RA) is created for you.  

    For more information, kindly click here

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