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Why do I need to make MediSave contributions as a self-employed person?
You are required to make mandatory MediSave contributions as a self-employed person if you earn a total net trade income of more than $6,000.
These MediSave contributions helps you to build up savings for your healthcare needs, especially in the absence of regular MediSave contributions from an employer.
This information is sourced from CPF.
Related questions
How do I derive my MediSave contributions amount as a self-employed person?
Why is making MediSave contributions important for self-employed persons?
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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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Why do I still need to contribute to MediSave as a self-employed person even though I have already bought insurance for myself?
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