Do I still need to declare my income to IRAS and contribute MediSave in the following year for my self-employed work?

From 2025, if you are only receiving platform earnings in the year, platform operators would have deducted and paid the CPF contributions on your platform earnings for you every month. Therefore, you do not need to make your own MediSave contributions on such platform earnings in the following year.
If you derive self-employed income from non-platform work (e.g. giving tuition, or taxi street-hail jobs), you will still need to pay MediSave contributions on these sources of income in the following year on your own, as per status quo, after you have declared your net trade income to IRAS. CPF Board will notify you of the MediSave contributions you need to make.
For tax purposes, you will still need to declare your net trade income derived from platform work and any non-platform work in the year as a self-employed person (SEP) to IRAS.
This information is sourced from CPF
Need more help?
Get in touch