What benefits do self-employed persons enjoy from making MediSave contributions?

Updated by CPF 3mo ago

When you contribute to MediSave, you enjoy:

Up to 6% interest per annum on your MediSave savings
Self-employed tax relief on your MediSave or CPF contributions, if eligible.
Use of MediSave to pay for medical expenses and healthcare insurance
Hassle-free licence application and renewal

You may also qualify for Workfare Income Supplement scheme for lower-income workers.

This information is sourced from CPF.

Topics:

Growing Your Savings Self-Employed Scheme

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