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What is the net trade income used to compute my MediSave contributions?

Updated by CPF
Your MediSave contributions are computed based on your age and net trade income assessed by the Inland Revenue Authority of Singapore (IRAS). This refers to your gross trade income minus all allowable business expenses, capital allowances and trade losses as determined by IRAS.
 
From work year 2025, if you are also a platform worker, your MediSave contributions will be computed on your net trade income after excluding net earnings from your platform work as declared to CPF Board by your platform operator(s). This is because CPF contributions on your net earnings from platform work are payable by your platform operator(s).
 
You can use the Self-Employed MediSave Contribution Calculator to calculate the amount of MediSave you need to contribute or use the MediSave contribution rates to derive your MediSave contribution amount for the respective work years. 

This information is sourced from CPF.

Topics:

Retirement IncomeSilver Support SchemeGrowing Your SavingsSelf-Employed Scheme

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