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Frequently Asked Questions

Find answers to common questions about CPF Calculator, our tools, and CPF policies in Singapore.

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CPF Basics

The Central Provident Fund (CPF) is Singapore's comprehensive social security system that enables working Singaporeans and Permanent Residents to set aside funds for retirement, healthcare, and housing. Both employees and employers contribute a percentage of the employee's monthly wages to three accounts: Ordinary Account (OA), Special Account (SA), and MediSave Account (MA). The contribution rates vary based on age and residency status.

For Singapore Citizens and PRs (from 3rd year) aged 55 and below, the contribution rates are: Employee 20% + Employer 17% = Total 37%. Rates decrease progressively for those above 55. For the latest rates, use our CPF Contribution Calculator on the homepage or visit the official CPF Board website at cpf.gov.sg.

The CPF Ordinary Wage (OW) Ceiling is the maximum amount of ordinary wages on which CPF contributions are computed. As of 2025, the OW Ceiling is S$6,800 per month. This means if your monthly salary exceeds S$6,800, CPF contributions are only calculated on S$6,800. The ceiling is set to increase gradually to S$8,000 by 2026.

CPF accounts earn the following minimum interest rates: Ordinary Account (OA) - 2.5% p.a., Special Account (SA) - 4% p.a., MediSave Account (MA) - 4% p.a., Retirement Account (RA) - 4% p.a. Additionally, an extra 1% interest is paid on the first S$60,000 of combined balances, and members aged 55 and above receive an additional 1% extra interest on the first S$30,000 (up to S$20,000 from OA).

Yes, you can use your CPF Ordinary Account (OA) savings to purchase a property in Singapore. This includes paying for the downpayment, stamp duties, legal fees, and monthly mortgage instalments. For HDB flats, you can use CPF OA for both new and resale flats. For private properties, there are specific rules regarding the amount you can use based on the property's remaining lease.

Calculators & Tools

Our calculators are designed to provide accurate estimates based on the latest publicly available CPF rates and policies. However, they are for educational purposes only and may not account for all individual circumstances. We recommend verifying important calculations with official sources like CPF Board (cpf.gov.sg) or consulting a qualified financial professional.

No, your financial data is not saved on our servers. All calculations are performed locally in your browser. When you close the page or refresh, the data you entered is cleared. We do not collect, store, or transmit any of the financial information you input into our calculators.

We strive to update our calculators as soon as new CPF rates or policy changes are announced. Major updates typically occur at the start of each year when new rates take effect. We also monitor government announcements throughout the year for any mid-year changes.

We offer several financial calculators including: CPF Contribution Calculator (calculate employee and employer contributions), CPF Interest Calculator (project long-term CPF growth), HDB Loan Calculator (estimate loan eligibility and monthly payments), Tax Calculator (estimate income tax liability), and FIRE Calculator (plan for early retirement). Visit our Calculators page to explore all available tools.

AI Assistant (Rich)

Rich is our AI-powered financial assistant trained on Singapore financial topics including CPF policies, HDB loans, fixed deposits, robo-advisors, stocks, ETFs, savings accounts, and emergency funds. Rich can answer general questions about personal finance in Singapore, explain financial concepts, and help you understand your options. Rich is available 24/7 and is free to use.

No, Rich is not a licensed financial adviser. Rich provides general educational information only and cannot give personalized financial advice. For advice tailored to your specific situation, please consult a licensed financial adviser regulated by the Monetary Authority of Singapore (MAS).

Your conversations with Rich are processed by AI services to generate responses. While we take privacy seriously, we recommend not sharing sensitive personal information such as your NRIC number, bank account details, passwords, or other confidential data when chatting with Rich.

Rich uses AI technology and strives to provide accurate information based on its training. However, AI responses may occasionally contain errors, outdated information, or may not fully address complex situations. Always verify important information with official sources and consult professionals for significant financial decisions.

General Questions

Yes! All our calculators, tools, educational content, and the AI assistant Rich are completely free to use. We believe financial knowledge should be accessible to everyone in Singapore.

No account is required to use our calculators, read our content, or chat with Rich. You can optionally subscribe to our newsletter to receive updates on CPF policy changes and new content, but this is entirely optional.

CPF Calculator is an independent financial education platform created to help Singapore residents better understand and optimize their CPF and personal finances. We are not affiliated with the CPF Board or any government agency. Learn more on our About page.

You can reach us by email at info@cpfcalculator.sg. We welcome feedback, suggestions for new calculators or content, and any questions you may have. We typically respond within 1-2 business days.

Absolutely! We love hearing from our users. If you have ideas for new calculators, tools, or content that would help Singaporeans with their financial planning, please email us at info@cpfcalculator.sg. Your suggestions help us improve and expand our offerings.

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