I have more than one source of trade income. Do I have to contribute to MediSave for all of them?
Your MediSave contributions are based on the annual net trade income (NTI) from all your trades. If you have a yearly NTI of more than $6,000 from all your trades, you’re required to make contributions to your MediSave Account.
You can refer to this example of how MediSave payable is computed on multiple sources of NTI.
This information is sourced from CPF
Related questions
What if my net trade income for the year is zero or negative?
I am holding two types of licences (e.g. LTA and ACRA). Do I have to contribute to MediSave for both licences?
Under Contribute As You Earn (CAYE), how much MediSave contribution would I have to make from my service fee?
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?
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