Breakdown of CPF Members and Active CPF Members Earning Extra 1% on First $60,000 of CPF Combined Balances

Mr Chua Kheng Wee Louis asked the Minister for Manpower for each year over the past 10 years, what is the number and percentage of (i) CPF members and (ii) active CPF members who are earning an extra 1% on the first $60,000 of their CPF combined balances that forms the entire sum of their CPF monies.

Members’ Central Provident Fund (CPF) balances have grown over the past 10 years. From 2015 to 2024, the number and proportion of active1 CPF members2 who have at least $60,000 of combined CPF balances3 and received the maximum extra interest amount have increased from 1.1 million to 1.6 million, or from 54% to 74%. The corresponding number and proportion for all CPF members2 have increased from 1.3 million to 2.2 million, or from 40% to 52%.