in
What if I prefer making MediSave contributions through the current payment modes (e.g. GIRO)?
cpf
Source: https://www.cpf.gov.sg/memberThe small and regular MediSave contributions made through Contribute As You Earn (CAYE) help self-employed persons (SEPs) to reduce the MediSave contributions payable in the following year (after SEPs declare their Net Trade Income and have their MediSave payable computed).
If you’ve made your MediSave contributions in full or are on GIRO instalment plan, you’ll be allowed to set your CAYE contribution rate to 0% and receive your service fee in full.
This information provided here is sourced from the CPF website.
Let other citizens know if this answer was helpful
Did this answer your question?Related Questions
I have contributed up to the maximum mandatory contributions for the year. Do I still have to make Contribute As You Earn (CAYE) contributions?
from CPFWhat if I am in financial hardship and is unable to set aside monies for MediSave via the Contribute As You Earn (CAYE) scheme?
from CPFWhat if I do not wish to participate in Contribute As You Earn (CAYE)?
from CPFWhat is Contribute As You Earn (CAYE)?
from CPF
Can’t find what you’re looking for?