Changes to CPF and Self-Help Groups contribution rates from 1 January 2015

The Government announced during Budget 2014 that the CPF contribution rates would be increased to help employees save more for healthcare and retirement needs. This will apply to wages earned from 1 January 2015.

The Self-Help Groups (SHGs) including Chinese Development Council, Eurasian Association and Singapore Indian Development Association, are revising their monthly contribution rates from 1 January 2015. This is to help the less privileged individuals and families in the different communities. You can find more information in the enclosed letter from the SHGs.

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