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What if I prefer making MediSave contributions through the current payment modes (e.g. GIRO)?

Updated by CPF
The small and regular MediSave contributions made through Contribute As You Earn (CAYE) help self-employed persons (SEPs) to reduce the MediSave contributions payable in the following year (after SEPs declare their Net Trade Income and have their MediSave payable computed).
 
If you’ve made your MediSave contributions in full or are on GIRO instalment plan, you’ll be allowed to set your CAYE contribution rate to 0% and receive your service fee in full.

This information is sourced from CPF.

Topics:

Growing Your SavingsContribute As You Earn

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