CPFB | How does regular MediSave co-contributions received under the Drive and Save (DAS) benefit me?

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How does regular MediSave co-contributions received under the Drive and Save (DAS) benefit me?

Under the Drive and Save (DAS) scheme, the regular MediSave co-contributions from your taxi operator can:

Offset your mandatory MediSave contributions under the Self-Employed Scheme

Earn up to 6% interest per annum (p.a.) on your MediSave savings
This includes an additional 1% interest p.a. on the first $60,000 of your combined balances (with up to $20,000 from the Ordinary Account). CPF members aged 55 and above will also earn an additional 1% interest p.a. on the first $30,000 of their combined CPF balances.

Pay MediShield Life/ Integrated Shield Plan premiums for you and your loved ones (spouse, children, parents, grandparents or siblings)

Qualify to receive Workfare Income Supplement (WIS) payouts in cash and in your MediSave Account. Terms and conditions apply.