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Difference between EPF and CPF

Difference between EPF and CPF

CPF and EPF are both social security programs in their respective countries. However, there are a few key differences between the two programs. This blog post will compare and contrast the two programs, with a focus on how they benefit salaried workers.

What is EPF?

  • EPF social security is a government-run program that provides financial assistance to EPF members who are unable to work due to old age, illness, or disability. The program is funded by EPF contributions and is overseen by the Social Security Administration.
  • EPF members who qualify for social security benefits receive a monthly payment that can be used to cover living expenses such as food, housing, and medical care.
  • In addition, the program provides financial assistance for EPF members who are widowed or orphaned. EPF social security is a vital safety net for EPF members and their families, and it helps to ensure that EPF members are able to live with dignity in their retirement years.

What is CPF?

CPF is a social security savings scheme managed by the CPF Board. It is for salaried people who are CPF members. under the CPF scheme, employers are required to make monthly contributions to their employees’ CPF accounts. Employees also have to make monthly contributions, which are deducted from their salaries. The CPF savings can be used for retirement, healthcare, and housing purposes. CPF members can choose to invest their CPF savings in CPF Investment Scheme accounts to get higher returns. The CPF Board also offers risk-free investments such as Special Accounts and Medisave Accounts.

Difference between EPF and CPF

EPF is a social security tool that covers all salaried employees in Malaysia. EPF members contribute a fixed percentage of their monthly wages to EPF, while their employers are required to contribute an additional amount. EPF savings can be used for retirement, medical emergencies, or purchasing a first home.

The CPF program is a retirement savings scheme that is mandatory for all salaried employees in Singapore. Under the CPF program, both employees and employers contribute a percentage of the employee’s monthly wages into the employee’s CPF account. The CPF savings can be used for retirement, medical emergencies, or purchasing a first home.


The EPF Social Security tool is a great way to supplement your retirement savings, but it’s not meant to be your only source of income during retirement. If you are currently employed and contributing to CPF, you should continue doing so, as the CPF program is specifically designed for salaried employees.

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