Back to home

Under Contribute As You Earn, how much MediSave contribution would I have to make from my service fee?

Updated by CPF

Under Contribute As You Earn (CAYE), the amount of MediSave contribution deducted from your service fee is based on your estimated annual revenue and expenses for the year. 

Your CAYE contribution rate is computed by the following formula: 

 

CAYE contribution rate = (A x B) / C

where

A is the MediSave contribution rate for your estimated annual Net Trade Income (NTI)1 and age for the year;

B is your estimated annual NTI1 for the year2; and

C is your estimated annual revenue for the year2

1 Your estimated annual NTI is derived using your estimated annual revenue less estimated annual expenses for the year.

2 If you did not provide your estimated annual revenue and expenses for the year, it will be based on your actual revenue and expenses assessed by IRAS in the preceding year.

A floor CAYE contribution rate of 2% will apply if you have earned more than $6,000 two years ago.
 
To ensure that your CAYE contribution rate reflects your business outlook for the year accurately, please estimate your revenue and expenses by logging in to the Self-employment dashboard using your Singpass, under Contribute As You Earn > Update contribution rate. You can adjust your CAYE contribution rate as and when there are changes to your estimated revenue and expenses. Generally, your updated rate will apply to payments made from the next day.
 
Otherwise, a personalised default CAYE contribution rate computed based on your NTI assessed by the Inland Revenue Authority of Singapore (IRAS) in the preceding year will apply.
 
From work year 2025, the NTI used to compute your default CAYE rate will exclude net earnings from platform work (if any) declared to CPF Board by your platform operator(s).
 

This information is sourced from CPF.

Topics:

Growing Your SavingsContribute As You Earn

Related questions

How will participating in Contribute As You Earn affect my MediSave contributions payable?

cpf

Will the estimated income that I provided for the computation of my Contribute As You Earn contribution rate be used as the income to compute my MediSave payable?

cpf

What happens if the MediSave contributions I made via Contribute As You Earn (CAYE) are higher than my MediSave payable for the year?

cpf

What happens if the MediSave contributions I made via Contribute As You Earn (CAYE) are lower than my MediSave payable for the year?

cpf

Need more help?

Describe your issues to us.

Contact us