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I have contributed up to the maximum mandatory contributions for the year. Do I still have to make Contribute As You Earn (CAYE) contributions?
If you’ve made Contribute As You Earn (CAYE) contributions up to the maximum MediSave payable for the year, your applicable CAYE contribution rate will be 0%. This means that you will receive your service fee in full, and CAYE contribution will no longer be deducted from your service fee.
However, you’ll still be required to make good your outstanding MediSave payable (if any) via lump-sum payment(s) or GIRO instalment plan.
This information is sourced from CPF.
Related questions
What is Contribute As You Earn (CAYE)?
How will participating in Contribute As You Earn affect my MediSave contributions payable?
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What if I prefer making MediSave contributions through the current payment modes (e.g. GIRO)?
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Why do I still have outstanding MediSave payable when I am already on Contribute As You Earn (CAYE)?
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