Why does CPF Board take self-employed persons to court for not contributing to their MediSave?
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
Related questions
What is the approach taken by CPF Board in enforcing MediSave contributions from self-employed persons?
I am a self-employed person. Can I contribute to my MediSave together with my employees' CPF using the CPF Payment Form (CPF 91)?
Can my platform operator’s contributions be used to offset outstanding MediSave contributions from my past self-employed work?
What if I do not wish to participate in Contribute As You Earn (CAYE)?
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