Central Provident Fund

For the provident fund of South Africa, see Central Provident Fund (South Africa).

Central Provident Fund Board
Agency overview
Formed1 July 1955 (1955-07-01)
JurisdictionGovernment of Singapore
Headquarters238B Thomson Road, #08-00, Novena Square Tower B, Singapore 307685
Agency executives
Parent agencyMinistry of Manpower
Websitewww.cpf.gov.sg
Agency IDT08GB0007E

The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing needs in Singapore.

The CPF is an employment-based savings scheme with the help of employers and employees contributing a mandated amount to the fund for their benefits. It is administered by the Central Provident Fund Board, a statutory board operating under the Ministry of Manpower which is responsible for investing contributions. The 2025 Mercer CFA Institute Global Pension Index ranked Singapore 5th worldwide and accorded it an 'A' grade for the first time, positioning it as the top retirement system in Asia.

CPF monies are used by the CPF Board to invest in the exclusive purchase of Government-issued Special Singapore Government Securities (SSGS), with the proceeds from these transactions going into the past reserves.

As at 31 December 2024, the CPF managed SGD$609.5 billion for 4.2 million account holders.

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