Do I still have to contribute to my MediSave if I am a self-employed person and an employee and/or a platform worker?

Q: Do I still have to contribute to my MediSave if I am a self-employed person and an employee and/or a platform worker?

If your annual net trade income 1 (NTI) exceeds $6,000, you are required to contribute to your MediSave Account as a self-employed person (SEP), in addition to the CPF contributions you have made on your employment/platform work. This is the same as how employees with multiple jobs are required to make CPF contributions for all the wages from each job. 1 Excludes net earnings from platform work (if any) declared to CPF Board by your platform operator(s) for work year 2025 onwards You can apply to limit your MediSave payable as an SEP, if your total income from all employment (excluding Additional Wages 2 ) and platform work for the year 3 exceeds the maximum total annual income. Learn more about the conditions for limiting your MediSave payable as an SEP at this FAQ . 2 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. 3 Applicable from work year 2025 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.

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If your annual net trade income¹ (NTI) exceeds $6,000, you are required to contribute to your MediSave Account as a self-employed person (SEP), in addition to the CPF contributions you have made on your employment/platform work.

This is the same as how employees with multiple jobs are required to make CPF contributions for all the wages from each job.

¹Excludes net earnings from platform work (if any) declared to CPF Board by your platform operator(s) for work year 2025 onwards

You can apply to limit your MediSave payable as an SEP, if your total income from all employment (excluding Additional Wages²) and platform work for the year³ exceeds the maximum total annual income.

Learn more about the conditions for limiting your MediSave payable as an SEP at this FAQ.

²Additional 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.

³Applicable from work year 2025 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.

Do I still have to contribute to my MediSave if I am a self-employed person and an employee and/or a platform worker?

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Related questions

Can I enjoy tax relief as a self-employed person when I make mandatory MediSave contributions or make voluntary top-ups to my CPF accounts?

I have already made CPF contributions as a platform worker. Do I still need to contribute MediSave in the following year for my other self-employed work?

What are the conditions for applying to limit my MediSave payable as a self-employed person?

I do not have outstanding MediSave payable as a self-employed person. Can I make MediSave contributions to offset my future payables?

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