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Are corporate service buyers required to make MediSave contributions under Contribute As You Earn (CAYE) for vendors who are both an employee and self-employed person?
Corporate service buyers are required to make MediSave contributions via Contribute As You Earn (CAYE) for vendors who provide their services as self-employed persons, regardless of whether they are concurrently an employee.
If payment is made to the vendor’s company (which hires the vendor as an employee), CAYE is not required. The vendor will continue to receive employee CPF contributions from his/her employer.
This information is sourced from CPF.
Related questions
Under the Contribute As You Earn (CAYE) scheme, will corporate service buyers only be making MediSave contributions for self-employed vendors?
What are corporate service buyers required to do under Contribute As You Earn (CAYE)?
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Under Contribute As You Earn (CAYE), corporate service buyers will only pay the net service fee directly to self-employed persons. Are there any legal implications?
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