Changes to CPF contribution rates from January 2015

Medisave contribution rates for Self-Employed Persons (SEPs) with annual net trade income of $18,000 and above will be raised by 1%. 

The rates in the table below are applicable to SEPs for annual net trade income from 2015.


Contribution rates applicable to SEPs from 2015 

Annual net trade income (from 2015)	Age as at 1 January of work year
	Below 35 years	35 to below 45 years	45 to below 50 years	50 years and above
Above $6,000 to $12,000	4%	4.5%	5%	5.25%
Above $12,000 to $18,000	Phased in*from 4% to 8%	Phased in*from 4.5% to 9%	Phased in*from 5% to 10%	Phased in* from 5.25% to 10.5%
Above $18,000	8% (Maximum $4,800)	9% (Maximum $5,400)	10% (Maximum $6,000)	10.5% (Maximum $6,300)