Singapore
Worked in Singapore? Any pension you built up here is yours to keep and can usually be paid to you abroad — but you have to claim it; it won't start automatically. The full state pension age is 65, with early access from 55. On totalization, your Singapore contributions generally stand on their own. Below is Singapore's system at a glance and what expats should check.
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Overview
Singapore's retirement income system is built around the Central Provident Fund (CPF), a mandatory defined-contribution scheme covering citizens and permanent residents.
Members contribute to three accounts: Ordinary Account (OA, for housing/investment/education), MediSave Account (MA, for healthcare), and Retirement Account (RA, created at age 55 from OA and SA savings). The CPF Special Account (SA) was closed for members aged 55 and above from 19 January 2025, with SA savings transferred to RA (up to the Full Retirement Sum) and any surplus to OA. CPF LIFE, Singapore's national longevity insurance annuity, provides lifelong monthly payouts from age 65 (deferrable to 70 for up to 35% higher payouts). From 1 January 2026, the CPF Ordinary Wage ceiling rose to SGD 8,000/month (the final step of a phased increase from SGD 6,000 since 2023), and contribution rates for workers aged 55–65 were further increased. CPF balances stood at SGD 677 billion as of March 2026. A further round of senior-worker contribution rate increases is scheduled for 1 January 2027.
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The Supplementary Retirement Scheme (SRS) provides a voluntary, tax-advantaged savings layer. Contributions are capped at SGD 15,300/year for citizens and PRs, and SGD 35,700/year for foreigners. SRS contributions are tax-deductible (subject to the SGD 80,000 total personal income tax relief cap); only 50% of withdrawals made at or after the member's prescribed retirement age are taxable. The prescribed retirement age for SRS is fixed at the statutory retirement age prevailing at the time of the member's first SRS contribution: 63 for first contributions made before 1 July 2026, and 64 for first contributions made from 1 July 2026 onwards. Singapore's statutory retirement age rose from 63 to 64 on 1 July 2026, with a national target of 65 by 2030. The CPF payout eligibility age (65) is not linked to the statutory retirement age and remains unchanged. The government has extended the 4% interest rate floor on Special, MediSave, and Retirement Account savings through 31 December 2026.
Singapore does not operate a traditional social insurance pension system and has no bilateral totalization agreements with any country. CPF is an individual account-based DC system; portability for PRs is achieved by full lump-sum withdrawal upon renouncing PR status. Singapore citizens cannot withdraw CPF solely due to overseas relocation — standard withdrawal rules apply regardless of residency. The system is complemented by government support schemes including the Matched Retirement Savings Scheme (MRSS, enhanced from 2025 with a SGD 2,000/year matching grant cap and no upper age limit; expanded from 2026 to include persons with disabilities of all ages), the new Matched MediSave Scheme (MMSS, launched 1 January 2026 as a five-year pilot), Workfare Income Supplement, and Silver Support Scheme for lower-income seniors.
~37% (CPF mandatory only, OECD 2024 estimate for average earner; rises significantly with housing monetisation and SRS)
Pillar 1: CPF (mandatory DC provident fund with OA, MA, and RA accounts; CPF LIFE annuity from age 65); Pillar 2: None (no mandatory occupational DB scheme); Pillar 3: SRS (voluntary, tax-advantaged individual savings)
Mandatory defined-contribution provident fund (CPF) + voluntary supplementary savings (SRS)
Employee
20% (age ≤55); 18% (55–60); 12.5% (60–65); 7.5% (65–70); 5% (>70) — from 1 January 2026. From 1 January 2027: 55–60 rises to 19%; 60–65 rises to 13%.
Employer
17% (age ≤55); 16% (55–60); 12.5% (60–65); 9% (65–70); 7.5% (>70) — from 1 January 2026. From 1 January 2027: 55–60 rises to 16.5%; 60–65 rises to 13%.
Self-Employed
MediSave contributions mandatory (amount varies by net trade income); voluntary contributions to OA/RA permitted up to annual CPF limit of SGD 37,740
Notes
Rates above apply to wages >SGD 750/month for Singapore citizens and PRs from 3rd year of PR status. OW ceiling: SGD 8,000/month (from January 2026). Annual wage ceiling: SGD 102,000. Annual CPF limit: SGD 37,740. Additional contributions for ages 55–65 are fully allocated to RA (up to FRS); surplus goes to OA. Foreigners on work passes are exempt from CPF. A CPF Transition Offset covers 50% of the 2027 employer contribution increase for eligible senior workers.
Common questions
What is the retirement age in Singapore?
The full state pension age in Singapore is 65. Early retirement may be possible from 55. Deferring can raise your pension up to age 70.
Can I claim a Singapore pension if I live abroad?
Yes. A pension you've earned in Singapore stays yours wherever you retire, and can usually be paid into an overseas account once you reach pension age. It won't start automatically, though — you need to claim it, typically a few months in advance, through Singapore's pension authority.
Do totalization agreements affect my Singapore pension?
Our records show Singapore has limited or no bilateral totalization agreements, so your Singapore contributions generally can't be combined with other countries' to qualify. Confirm the latest position with the official authority.
How is the pension system structured in Singapore?
Mandatory defined-contribution provident fund (CPF) + voluntary supplementary savings (SRS) Pillar 1: CPF (mandatory DC provident fund with OA, MA, and RA accounts; CPF LIFE annuity from age 65); Pillar 2: None (no mandatory occupational DB scheme); Pillar 3: SRS (voluntary, tax-advantaged individual savings) It includes 3 schemes in our directory.
How do I get a copy of my Singapore pension record?
Ask CPF Board for your CPF statement of account (the CPF statement of account). It's free and you can request it yourself — our step-by-step guide on this page walks through the portal, what to have ready, and what to do if the login fails.