The biggest of the CPF changes in 2027 is for workers aged above 55 to 65: a bigger slice of your pay will go into CPF from 1 January 2027. The extra money goes straight into your Retirement Account, so it shows up later as higher CPF LIFE payouts.
That is the headline change for the new year. It arrives alongside new retirement sums for those turning 55 in 2027, a one-year extension of the 4% interest floor, higher CareShield Life payouts and bigger MediSave limits for chronic conditions. Here is what is confirmed, and what it means in dollars.
CPF Changes in 2027: Senior Worker Contribution Rates Rise Again
This is the second step in a row. Rates for older workers went up on 1 January 2026, and the CPF Board confirms the next increase applies to wages from January 2027.
The table covers employees earning more than S$750 a month.
| Age | 2026 total | 2027 total | 2027 employer | 2027 employee |
|---|---|---|---|---|
| 55 and below | 37% | 37% | 17% | 20% |
| Above 55 to 60 | 34% | 35.5% | 16.5% | 19% |
| Above 60 to 65 | 25% | 26% | 13% | 13% |
| Above 65 to 70 | 16.5% | 16.5% | 9% | 7.5% |
| Above 70 | 12.5% | 12.5% | 7.5% | 5% |
For ages above 55 to 60, the employer share rises by 0.5 point and the employee share by 1 point. For ages above 60 to 65, each side adds 0.5 point. Workers earning more than $500 to $750 a month have phased-in rates, and those also rise in proportion, so their take-home pay dips slightly too. Employees earning $500 or less pay no employee share, and only the employer’s rate changes. CPF Board’s 2027 rate table has the formulas for each wage band.
The increase is fully allocated to your Retirement Account (RA), up to your Full Retirement Sum (FRS). If you have already set aside your FRS, it goes to your Ordinary Account (OA) instead.
Employers receive a CPF Transition Offset equal to half of the 2027 increase in employer contributions, applied automatically.
What it means on a payslip
Take an illustrative worker aged 58 earning $5,000 a month. Her employee share goes from 18% ($900) to 19% ($950), so take-home pay falls by $50. Her employer’s share goes from 16% ($800) to 16.5% ($825).
Total contributions rise from $1,700 to $1,775 a month. That is $75 more a month, or $900 a year, flowing into her RA.
An illustrative worker aged 62 earning $4,000 a month sees each share rise from 12.5% ($500) to 13% ($520). Total contributions go from $1,000 to $1,040.
These are illustrations using the published rates. Your actual figures depend on your wages and the CPF wage ceilings. Our CPF contribution calculator and take-home pay calculator work them out for 2026 or 2027.
The short version: From January 2027, workers aged above 55 to 65 put a little more into CPF and so do their employers. The extra goes to the Retirement Account until the Full Retirement Sum is reached, which means higher monthly payouts from 65.
New Retirement Sums for Those Turning 55 in 2027
Your retirement sums are fixed in the year you turn 55. The CPF Board’s figures for each cohort are:
- Turning 55 in 2026: Basic Retirement Sum (BRS) $110,200, FRS $220,400.
- Turning 55 in 2027: BRS $114,100, FRS $228,200.
The Enhanced Retirement Sum (ERS) works differently. It is the maximum anyone aged 55 and above can top up their RA to, and it rises every January for everyone. It is $440,800 in 2026 and goes up to $456,400 from 1 January 2027. We set out the trade-offs in topping up your Retirement Account between 55 and 64.
The 4% Interest Floor Is Extended to End-2027
On 22 September 2026 the Government extended the 4% floor on Special, MediSave and Retirement Account savings for another year, to 31 December 2027. The rate those accounts would otherwise earn under the formula is below 4%, so the floor matters.
The OA earns 2.5% a year from October to December 2026, the legislated minimum.
Extra interest continues. Members below 55 earn an extra 1% on the first $60,000 of combined balances. Members aged 55 and above earn an extra 2% on the first $30,000 and an extra 1% on the next $30,000. In both cases, no more than $20,000 of the OA counts.
CareShield Life and MediSave: Bigger Numbers in 2027
After the 2025 review of CareShield Life, payouts for new claims grow 4% a year from 2026 to 2030, double the previous rate. A successful claim in 2026 pays $689 a month. A claim in 2027 pays $717 a month, for life. See what eldercare costs and where CareShield Life fits in.
From 1 January 2027, the MediSave500/700 scheme becomes MediSave Chronic and Preventive Care. The basic annual withdrawal limit rises from $500 to $700, and the limit for complex chronic conditions rises from $700 to $1,000. Hyperthyroidism and hypothyroidism join the Chronic Disease Management Programme.
Before the Year Ends: December 2026 Top-Ups
Some older Singaporeans will see a one-off Budget 2026 CPF Top-Up of up to $1,500 in December 2026. It is for Singaporeans born in 1976 or earlier whose CPF retirement savings were below the 2026 BRS of $110,200 at 31 December 2025, who live in a home with an Annual Value of $31,000 or less, and who own no more than one property.
The amount depends on your savings and your home’s Annual Value. There is nothing to apply for. Eligible members are notified, and you can check on govbenefits.gov.sg with Singpass.
If you plan to make your own cash top-up this year, the IRAS rule is that CPF Board must receive it by 31 December for it to count towards relief in the next Year of Assessment. Our top-up tax relief calculator estimates the saving, and the guide to CPF strategies by age shows where a top-up fits.
What To Do Next
- Check your January or February 2027 payslip to confirm the new rates have been applied.
- Log in to your CPF Retirement dashboard to see how far your RA is from your FRS, which tells you where the extra contributions will land.
- Use the CPF Board’s payout estimator to see how a larger RA changes your CPF LIFE income.
- If you are weighing a top-up before 31 December, remember top-ups are irreversible and are paid out as monthly income from 65.
