The Drive and Save scheme (DAS) helps taxi drivers build their MediSave savings by allowing taxi companies to co-contribute MediSave.
Updates on 20 Apr 2021
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Help taxi drivers build healthcare savings
A tripartite scheme
The DAS is a tripartite co-contribution scheme initiated by the taxi industry and the National Taxi Association to enhance the welfare of taxi drivers.
How can taxi drivers qualify?
Only taxi principal hirers who make regular MediSave contributions are eligible to receive co-contributions. Every month, the CPF Board sends a list of eligible drivers to your company to process co-contributions.
How does it work?
Participating taxi companies will contribute $20 each month to the taxi drivers' MediSave. The co-contributions can be used to offset their mandatory MediSave contributions.
Benefits of participating in Drive and Save
Your taxi drivers will be able to receive additional MediSave contributions to offset their mandatory MediSave contributions.
Once onboarded, it's hassle-free to make MediSave co-contributions for taxi drivers.
Easy to keep track
CPF Board informs you whom to make MediSave co-contributions for. You only need to provide the Board with a list of participating taxi principal hirers.
How to implement Drive and Save
Apply for MediSave for Self-Employed (MSE) CPF submission number
Your company needs an MSE CPF submission number
Taxi companies must apply for an MSE CPF submission number (MSE CSN) before they can make DAS co-contributions to their taxi principal hirers.
The CPF submission number (CSN) your company uses for paying CPF contributions to employees cannot be used for this purpose.