If you earn an annual net trade income (NTI) of more than $6,000, you are required to contribute to your MediSave Account as a self-employed person (SEP). This is no different from an employee or a platform worker, who is required to make CPF contributions based on his employee wages or platform worker net earnings.

 

 If you are both self-employed and an employee/platform worker, you need to make MediSave contributions as an SEP, in addition to the CPF contributions from your employment/platform work. This is the same as how employees with multiple jobs are required to make CPF contributions for all the wages they receive from each job.

However, you can apply to limit the MediSave payable on your NTI as an SEP, if your total income from all employment (excluding Additional Wages*) and platform work for the year^ exceeds the maximum total annual income. You may refer to this FAQ for more information.

 

*Additional Wages are wage supplements which are not granted wholly and exclusively for the month. Examples are the annual bonus, leave pay, incentive and other payments made at intervals of more than a month. 

 

^Income earned from platform work in 2025 will only be taken into consideration for applications to limit MediSave payable by self-employed persons made from 1 January 2026 onwards.

If you are a platform worker concurrently working as an employee, you can refer to this FAQ on refunding your share of excess CPF contributions (if any) on your platform earnings.