CPFB | Drive and Save

Drive and Save scheme

The Drive and Save scheme (DAS) helps taxi drivers build their MediSave savings by allowing taxi companies to co-contribute MediSave.

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Overview

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

Benefits of participating in Drive and Save

Your taxi drivers will be able to receive additional MediSave contributions to offset their mandatory MediSave contributions.

One-time onboarding

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.

Onboarding

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.

For enquiries on DAS participation or to make CPF contributions by Company, please Write to us.

Set up payments

Apply for CPF EZPay

CPF EZPay will allow you to easily submit CPF contributions online.

Apply now

FAQs

Common questions

Who is eligible for the Drive and Save (DAS) Scheme?

Can taxi principal hirers who are not liable to make a MediSave contribution qualify for Drive and Save (DAS) co-contribution from their taxi operators?

How does each taxi operator know the Drive and Save (DAS) co-contribution amount?

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Apply for MediSave for Self-Employed (MSE) CPF submission number

Set up payments