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What are corporate service buyers required to do under Contribute As You Earn (CAYE)?

Updated by CPF
Under Contribute As You Earn, corporate service buyers are required to deduct and transmit a portion of the service fee to the self-employed person (SEP)’s MediSave account, before paying the SEP the remainder of the service fee. This is done through either the bank or online submission modes. 

This information is sourced from CPF.

Topics:

Employer - Corporate Service BuyersContribute As You Earn

Related questions

What is Contribute As You Earn (CAYE)?

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1

Under the Contribute As You Earn (CAYE) scheme, will corporate service buyers only be making MediSave contributions for self-employed vendors?

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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?

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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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