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Why does CPF Board take self-employed persons to court for not contributing to their MediSave?

Updated by CPF
Self-employed persons (SEPs) are required under the CPF Act to contribute to their MediSave. This ensures that SEPs have enough MediSave savings for their healthcare needs, especially during old age when they have stopped working. SEPs without enough MediSave savings and MediShield Life cover may need to tap on other sources of funds such as their family members’ MediSave savings should they be hospitalised.
 
The CPF Board will continue to be flexible towards those with genuine financial difficulties. SEPs can request instalment plans to settle the outstanding amounts over a reasonable period. The CPF Board will only take recalcitrant defaulters to court as the last resort.

This information is sourced from CPF.

Topics:

Growing Your SavingsSelf-Employed Scheme

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