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Making Voluntary Contributions

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Under Contribute-As-You-Earn (CAYE), what should corporate service buyers do to set-off monies from an upcoming payment?

To set-off monies (e.g. due to over-payment, or excess non-revenue payment made earlier) from an upcoming payment, corporate service buyers (CSBs) need to make the transaction via the Contribute-As-You-Earn (CAYE) online submission mode. This means that CSBs need to key in the full service fee payable to derive the MediSave payable via CAYE, and thereafter set-off any monies from the net service fee payable to the self-employed person.