How do I deregister my self-employed status with CPF Board if I am no longer self-employed?
You do not need to deregister your self-employed status with CPF Board.
You will only need to make MediSave contributions if you earn an annual Net Trade Income (NTI) of more than $6,000. Your MediSave payable will be computed based on your age and NTI declared.
If you are no longer in self-employment, please note that you will still need to settle any outstanding MediSave payable, as it is compulsory under the CPF Act to contribute to your MediSave Account for the years that you were self-employed.
This information is sourced from CPF
Related questions
Do I still have to contribute to my MediSave if I am both a self-employed person as well as an employee or platform worker?
Do I still need to declare my income to IRAS and contribute MediSave in the following year for my self-employed work?
Do I have to pay my MediSave payable when I am no longer self-employed?
Do I need to register myself as a self-employed person?
Need more help?
Get in touch