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How CPF changes from 2026 can give you more to spend in retirement
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The changes will especially benefit employees who earn more than $6,000 as they will be able to save more for their retirement.
ILLUSTRATION: LIM YONG, ADOBE STOCK
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- From 2026, the CPF monthly income ceiling will rise to $8,000, increasing the annual contribution for employees, to up to $35,520.
- Higher contribution rates for those aged 55-65 will enable them to save more and potentially withdraw monthly contributions if they have met retirement goals.
- Increased Enhanced Retirement Sums in 2026 allow for higher monthly payouts via CPF LIFE, encouraging voluntary top-ups for more retirement income.
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SINGAPORE – If you are earning a decent salary and your New Year resolution is to save more for retirement, here’s the good news – you can achieve this without much effort, thanks to new key upgrades to the Central Provident Fund (CPF) scheme.
From 2026, the income ceiling that determines the size of your monthly contribution to your CPF accounts has finally hit its intended target of $8,000, after three gradual increases from $6,000, which was the original limit when the move was first announced in 2023.
