Why do self-employed persons receive only two-thirds of the Workfare Income Supplement compared to employees?
The CPF contribution made by self-employed persons (SEPs) is lower than that of employees earning the same amount. SEPs are only required to contribute to their MediSave Account whereas employees are required to contribute to all three CPF Accounts (Ordinary, Special and MediSave Accounts).
This information is sourced from CPF
Related questions
Why must self-employed persons contribute to MediSave to receive Workfare Income Supplement?
Why are platform workers who have not opted in to the increased CPF contributions ineligible to receive Workfare Income Supplement aligned to that of employees from 2029?
Why does CPF Board take self-employed persons to court for not contributing to their MediSave?
I am a self-employed person. Can I contribute to my MediSave together with my employees' CPF using CPF EZPay?
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