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Why do I need to make other payment arrangements in order to renew my licence when I am already on Contribute As You Earn (CAYE)?

Updated by CPF
Your Contribute As You Earn (CAYE) contributions are only based on an estimate of your MediSave payable for the current year. To renew your licence, you will need to pay your MediSave payable incurred in previous years via lump-sum payment(s) or monthly GIRO instalments.

This information is sourced from CPF.

Topics:

Growing Your SavingsContribute As You Earn

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