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Self-Employed SchemeSelf-Employed Scheme<p>Are you a Self-Employed Person? Learn more about your Medisave obligations under the Self-Employed Scheme.</p>TrueTrueTrueOthers;#

 

 

UnderstandWho is a Self-Employed Person?<p>If you are a person with your own business, you work for yourself and you are in the position to realise a business profit or loss, you are considered a Self-Employed Person. Your income is derived from the buying and selling of goods, or from providing professional or personal services.</p><p>A Self-Employed Person can be a sole-proprietor or a partner in a partnership. </p><p>Visit the <a href="https://www.iras.gov.sg/IRASHome/Businesses/Self-Employed/-Sole-Proprietors/-Partners/" target="_blank"> Inland Revenue Authority of Singapore (IRAS) website</a> to read more on the definition of a Self-Employed Person.</p>Self-Employed Scheme16431643
UnderstandWho needs to contribute to Medisave?<p>All Self-Employed Persons who earn an annual Net Trade Income (NTI) of more than <b>$6,000</b> need to contribute to Medisave. <p>NTI is your gross trade income minus all allowable business expenses, capital allowances and trade losses as determined by IRAS.Self-Employed Scheme16361636
UnderstandHow much Medisave do I need to contribute as a Self-Employed?<p>Your Medisave contribution depends on your age and annual NTI. You can refer to the <a href="/Members/FAQ/schemes/self-employed-matters/self-employed-scheme">Medisave contribution rates for Self-Employed Persons</a>.<br></p><p>You can also use the <a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/SelfEmployedMedisaveContribution/SelfEmployedMedisaveContributionLanding" target="_blank">Self-Employed Medisave Contribution Calculator</a> to calculate the amount of Medisave you need to contribute.</p>Self-Employed Scheme16441644
UnderstandWhen do I need to contribute as a Self-Employed?<p>When the actual NTI for the year has been assessed, IRAS will send you a ‘Notice of Computation’ (NOC) stating your actual Medisave payable.</p><p>If the amount you need to pay is more than what you have already contributed, you can then top up any shortfall within 30 days from the date of the NOC. However, if the amount contributed is more than what you need to pay, the excess contributions will be carried forward to offset against your future Medisave payable.</p><p>If you have not been issued with a ‘Notice of Assessment’ (NOA) or income tax advice by IRAS, you can declare your actual income using Form IRAS 144 at any <a href="/Members/Contact/visit-us">CPF Service Centre</a>, SingPost branches, or online using your <a href="https://www.cpf.gov.sg/eSvc/Web/PortalServices/MemberPortalServices" target="_blank">SingPass</a>. You would need to make the Medisave contributions based on the declared income by 31 May of the following year. For example, the Medisave payable for 2015 is due on 31 May 2016.</p>Self-Employed Scheme16451645
EvaluateWhy do I need to contribute to Medisave?<p>As a Self-Employed Person, you do not receive regular Medisave contributions from employers. It is therefore important to contribute regularly and make sure you have sufficient Medisave savings for your future healthcare needs. This is especially important during old age, when you may have stopped working.</p><p>When you contribute to Medisave, you enjoy:</p><ul><li style="margin-bottom:6px;">Use of Medisave savings for<br>- Healthcare expenses for yourself and your family<br>- Premium payment for MediShield Life or Medisave-approved private<br> integrated plans </li><li style="margin-bottom:6px;">Up to 6% interest per annum on your Medisave savings. Savings in the Medisave Account earn 4% interest per annum, and the first $60,000 of your combined CPF balances earns an additional 1% interest per annum. Member aged 55 and above will also enjoy an additional 1% interest per annum on the first $30,000 of your combined CPF balance from 1 January 2016. </li><li style="margin-bottom:6px;">Tax relief of up to 37% of your annual NTI, or the CPF Annual Limit of $31,450 for 2015, or $37,740 from 2016 onwards, whichever is lower. </li></ul><ul><li style="margin-bottom:6px;">Hassle-free licence renewal and application</li></ul><p>You may also be eligible for Workfare Income Supplement (WIS) payouts of up to $2,333 annually. Visit the <a href="https://www.workfare.gov.sg/Pages/WISSelfEmployed.aspx" target="_blank">Workfare website</a> to find out more.</p>Self-Employed Scheme16461646
EvaluateBesides Medisave, can I contribute to my other CPF Accounts?<p>Yes, you can also make cash or CPF contributions to your other CPF accounts through the following methods.</p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr><td width="5%"> </td><td width="45%" align="left"> <b class="fontbold">Method</b></td><td width="45%"> <b class="fontbold">Remarks</b></td></tr><tr align="left" valign="top"><td>1.<br></td><td>Making voluntary contributions</td><td>You can make cash contributions to all three accounts – Ordinary (OA), Special (SA) and Medisave (MA). The portion that goes to the MA will offset your Medisave payable as a Self-Employed.</td></tr><tr align="left" valign="top"><td>2.</td><td>Transfer your OA savings to your SA or Retirement Account (RA)</td><td>If you have excess savings in your OA, you can transfer them to your SA if you are below 55 years old or your RA if you are 55 years old and above to earn interest of 4% per year.</td></tr><tr align="left" valign="top"><td>3.</td><td>Retirement Sum Topping-Up Scheme (RSTU)</td><td>You can make cash contributions to your loved ones’ or your own SA or RA. You can find out more on how to <a href="/Members/Schemes/schemes/retirement/retirement-sum-topping-up-scheme">build up your loved ones’ or your own retirement savings</a>.</td></tr></tbody></table>Self-Employed Scheme16481648
ApplyWhat are the payment modes available?<p>There are several ways you can make your Medisave contributions.</p><p>The most convenient way is via GIRO, which allows automatic deductions from your bank account. Paying via GIRO will enable you to enjoy hassle-free licence renewal. <a href="/Assets/members/Documents/FORM_GIROSE_VC.pdf" target="_blank">Apply for GIRO</a> (PDF, 0.1MB) or <a href="https://www.cpf.gov.sg/eSvc/Web/Miscellaneous/GiroApplicationStatusEnquiry/GiroApplicationStatusEnquiryLanding">check the status of your GIRO application</a>.</p><p>The different payment modes are listed below.</p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr bgcolor="#d2d2d2"><td width="20%"> <b class="fontbold">Payment mode</b></td><td valign="top" style="width:80%;"> <b class="fontbold">Details</b></td></tr><tr><td valign="top">GIRO</td><td valign="top"><ol><li style="margin-bottom:3pt;">Download and complete <a href="/assets/members/documents/FORM_GIROSE_VC.pdf" target="_blank">the GIRO application form</a> (PDF, 0.1MB)</li><li style="margin-bottom:3pt;">Submit your application by mail.<br></li></ol></td></tr><tr><td valign="top"> <a href="https://www.cpf.gov.sg/eSvc/Web/Miscellaneous/Cashier/ECashierHomepage">e-Cashier</a></td><td valign="top"><ul><li style="margin-bottom:8pt;">eNETS Debit – payment by Citibank, DBS/POSB, OCBC, Standard Chartered Bank or UOB internet banking </li></ul></td></tr><tr><td valign="top">Cheque</td><td valign="top"><ol><p style="margin-bottom:3pt;margin-left:-30pt;">For mandatory contributions </p><li style="margin-bottom:3pt;">Download and complete <a href="/Assets/members/Documents/FORM_CPF_SE3.pdf" target="_blank">FORM CPF SE 3: Medisave Payment Form for Self-Employed</a> (PDF, 0.5MB)</li><li style="margin-bottom:3pt;">Cross the cheque (made payable to CPF Board), write your NRIC on the back of the cheque, and mail it together with the form to:<br><br>Central Provident Fund Board<br>Robinson Road <br>P.O. Box 0612<br>Singapore 901212<br></li></ol><ol><p style="margin-bottom:3pt;margin-left:-30pt;">For voluntary contributions </p><li style="margin-bottom:3pt;">Download and complete <a href="/Assets/members/Documents/FORM_CPF_SE2.pdf" target="_blank">FORM CPF SE 2: CPF/Medisave Contribution Form for Self-Employed</a> (PDF, 0.5MB)<br></li><li style="margin-bottom:3pt;">Cross the cheque (made payable to CPF Board), write your NRIC on the back of the cheque, and mail it together with the form to:<br><br>Central Provident Fund Board<br>Robinson Road <br>P.O. Box 0612<br>Singapore 901212<br><br>Note: Cheque payments which are not accompanied with a payment form, will either be rejected, or credited into the CPF Medisave Account if the SEP has an outstanding Medisave liability.</li></ol></td></tr><tr><td valign="top">Cash at any Singapore Post Office</td><td valign="top"><ol><p style="margin-bottom:3pt;margin-left:-30pt;">For mandatory contributions </p><li style="margin-bottom:3pt;">Download and complete <a href="/Assets/members/Documents/FORM_CPF_SE3.pdf" target="_blank">FORM CPF SE 3: Medisave Payment Form for Self-Employed</a> (PDF, 0.5MB)</li><li style="margin-bottom:3pt;">Submit the form with your cash payment at any Singapore Post Office</li></ol><ol><p style="margin-bottom:3pt;margin-left:-30pt;">For voluntary contributions </p><li style="margin-bottom:3pt;">Download and complete <a href="/Assets/members/Documents/FORM_CPF_SE2.pdf" target="_blank">FORM CPF SE 2: CPF/Medisave Contribution Form for Self-Employed</a> (PDF, 0.5MB)<br></li><li style="margin-bottom:3pt;">Submit the form with your cash payment at any Singapore Post Office​</li></ol></td></tr><tr><td valign="top">NETS/ CashCard</td><td valign="top"><ul><li>Pay by NETS or CashCard at any SingPost branches</li><li>Pay by NETS at any Self-Automated Machine (SAM) / AXS Machine</li></ul><p>For payment at SingPost branches, you would need to submit the completed <a href="/Assets/members/Documents/FORM_CPF_SE3.pdf" target="_blank">FORM CPF SE 3: Medisave Payment Form for Self-Employed</a> (PDF, 0.5MB) (for mandatory contributions) or <a href="/Assets/members/Documents/FORM_CPF_SE2.pdf" target="_blank">FORM CPF SE 2: CPF/Medisave Contribution Form for Self-Employed</a> (PDF, 0.5MB) (for voluntary contributions).</p></td></tr></tbody></table> <br>Please allow some time for the transaction to be completed. You can refer to our <a href="/Members/AboutUs/about-us-info/service-standards-for-members/self-employed-matters">service standards</a> for more information. <br> <br>Login with your <a href="https://www.cpf.gov.sg/eSvc/Web/PortalServices/MemberPortalServices">SingPass</a> to check on the transaction status: <ul><li style="margin-bottom:3pt;">Check that your Medisave contribution is reflected in <strong> <em>My Statement</em></strong>, or </li><li style="margin-bottom:3pt;">Check the transaction status under <strong> <em>My Activities</em></strong> (if you paid via e-Cashier)</li></ul>Self-Employed Scheme16501650

 

 

Self-Employed Medisave Instalment Calculator Self-Employed Medisave Instalment Calculator <a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/SelfEmployedMedisaveInstalment/SelfEmployedMedisaveInstalmentLanding" target="_blank"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">med_giro_cal.asp</a>
Self-Employed Medisave Contribution CalculatorSelf-Employed Medisave Contribution Calculator<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/SelfEmployedMedisaveContribution/SelfEmployedMedisaveContributionLanding" target="_blank"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">med_cal.asp</a>

 

 

 

 

 

 

Register as a Self-Employed (MP4, 0.6MB)Register as a Self-Employed (MP4, 0.6MB)<a href="/Assets/members/Documents/OnlineDemo/SE1A_RGN.mp4" target="_blank" title="Register as a Self-Employed"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Register as a Self-Employed</a>
Make / Cancel voluntary contributions to my CPF accounts (MP4, 0.5MB)Make / Cancel voluntary contributions to my CPF accounts (MP4, 0.5MB)<a href="/Assets/members/Documents/OnlineDemo/SE4_CON.mp4" target="_blank" title="Make / Cancel voluntary contributions to my CPF accounts"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Make / Cancel voluntary contributions to my CPF accounts</a>
Self-Employed Contribution (AXS) (MP4, 0.9MB)Self-Employed Contribution (AXS) (MP4, 0.9MB)<a href="/Assets/members/Documents/OnlineDemo/AXS_SE_Con.mp4" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Self-Employed Contribution (AXS)</a>
Contribute to my Medisave in instalments (MP4, 0.8MB)Contribute to my Medisave in instalments (MP4, 0.8MB)<a href="/Assets/members/Documents/OnlineDemo/SE_INST.mp4" target="_blank" title="Contribute to my Medisave in instalments"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Contribute to my Medisave in instalments</a>
Termination of GIRO Arrangment for Mandatory and/or Voluntary Contributions for Self-Employed Person (MP4, 0.7MB)Termination of GIRO Arrangment for Mandatory and/or Voluntary Contributions for Self-Employed Person (MP4, 0.7MB)<a href="/Assets/members/Documents/OnlineDemo/TERM_IBG_SE.mp4" target="_blank" title="Termination of GIRO Arrangment for Mandatory and/or Voluntary Contributions for Self-Employed Person"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Stop the GIRO for compulsory and voluntary contributions (Self-Employed Only)</a>
Declare my non Self-Employed status (MP4, 0.6MB)Declare my non Self-Employed status (MP4, 0.6MB)<a href="/Assets/members/Documents/OnlineDemo/SE8_DCLR.mp4" target="_blank" title="Declare my non Self-Employed status"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Declare my non Self-Employed status</a>
Medisave Contributions as a Self-Employed (SAM) (MP4, 1.6MB)Medisave Contributions as a Self-Employed (SAM) (MP4, 1.6MB)<a href="/Assets/members/Documents/OnlineDemo/SAM_SE_MED_CON.mp4" target="_blank" title="Medisave Contributions as a Self-Employed"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Medisave Contributions as a Self-Employed</a>
Ask for refund of my excess CPF/Medisave contribution (MP4, 1.0MB)Ask for refund of my excess CPF/Medisave contribution (MP4, 1.0MB)<a href="/Assets/members/Documents/OnlineDemo/SE20_CON.mp4" target="_blank" title="Ask for refund of my excess CPF/Medisave contribution"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Ask for refund of my excess CPF/Medisave contribution</a>
Composition Offer For Self-Employed (AXS) (MP4, 0.7MB)Composition Offer For Self-Employed (AXS) (MP4, 0.7MB)<a href="/Assets/members/Documents/OnlineDemo/AXS_Com_Offer_SE.mp4" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Composition Offer For Self-Employed</a>
Adjust Self-Employed Contributions (MP4, 0.8MB)Adjust Self-Employed Contributions (MP4, 0.8MB)<a href="/Assets/members/Documents/OnlineDemo/SE7_CON.mp4" target="_blank" title="Adjust Self-Employed Contributions"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Adjust my CPF contributions from firm's account to Self-Employed account</a>
Income Declaration By Self-Employed Person for Computation of CPF Medisave Liability (MP4, 1.0MB)Income Declaration By Self-Employed Person for Computation of CPF Medisave Liability (MP4, 1.0MB)<a href="/Assets/members/Documents/OnlineDemo/IRAS144.mp4" target="_blank" title="Income Declaration By Self-Employed Person for Computation of CPF Medisave Liability"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Income Declaration By Self-Employed Person for Computation of CPF Medisave Liability</a>
Contribute to my three CPF accounts for Self-Employed (e-Cashier) (MP4, 1.1MB)Contribute to my three CPF accounts for Self-Employed (e-Cashier) (MP4, 1.1MB)<a href="/Assets/members/Documents/OnlineDemo/SE_3CPF.mp4" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Contribute to my three CPF accounts for Self-Employed (e-Cashier)</a>
Contribute to my Medisave for Self-Employed (e-Cashier) (MP4, 1.0MB)Contribute to my Medisave for Self-Employed (e-Cashier) (MP4, 1.0MB)<a href="/Assets/members/Documents/OnlineDemo/eCashier_SE_Med_Con.mp4" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Contribute to my Medisave for Self-Employed (e-Cashier)</a>
Composition Offer for Self-Employed (e-Cashier) (MP4, 1.0MB)Composition Offer for Self-Employed (e-Cashier) (MP4, 1.0MB)<a href="/Assets/members/Documents/OnlineDemo/eCashier_Com_Offer_SE.mp4" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Composition Offer for Self-Employed (e-Cashier)</a>

 

 

 

 

 

 

 

 

Register for CPF/Medisave Contributions as a Self-Employed<a href="/Assets/members/Documents/FORM_CPFSE_1A.pdf" target="_blank" title="Register for CPF/Medisave Contributions as a Self-Employed"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Registration Form for CPF/Medisave Contributions by the Self-Employed</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/RegisterAsSelfEmployed/CoverPage" title="Registration Form for CPF/Medisave Contributions by the Self-Employed"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Registration Form for CPF/Medisave Contributions by the Self-Employed</a><p>​FORM CPF SE 1A (PDF, 0.4MB)<br></p>00
CPF/Medisave Contribution Form for Self-Employed <a href="/Assets/members/Documents/FORM_CPF_SE2.pdf" target="_blank" title="CPF/Medisave Contribution Form for Self-Employed"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">CPF/Medisave Contribution Form for Self-Employed</a><p>FORM CPF SE 2 (PDF, 0.5MB)<br></p>10
Medisave Payment Form for Self-Employed<a href="/Assets/members/Documents/FORM_CPF_SE3.pdf" target="_blank" title="Medisave Payment Form for Self-Employed"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Medisave Payment Form for Self-Employed</a><p>​FORM CPF SE 3 (PDF, 0.5MB)<br></p>11
Apply for Voluntary Contributions to 3 CPF Accounts or Medisave Account as a Self-Employed Person<a href="/Assets/members/Documents/FORM_CPF_SE4.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Apply for Voluntary Contributions to 3 CPF Accounts or Medisave Account as a Self-Employed Person</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/MakeCancelContributionToCpfAccount/MakeCancelContributionCoverPage" title="Application for or Cancellation of Voluntary Contributions to All 3 CPF Accounts by Self-Employed Person"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Application for or Cancellation of Voluntary Contributions to All 3 CPF Accounts by Self-Employed Person</a><p>​FORM CPF SE 4 (PDF, 68KB)<br></p>00
Adjust Self-Employed Contributions<a href="/Assets/members/Documents/FORM CPF_SE7.pdf" target="_blank" title="Adjust Self-Employed Contributions"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Application for Adjustment of CPF Contributions from Firm's Account to a Self-Employed Person's Account</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/AdjustContributionsFromFirmsAccountToSelfEmployed/Home" title="Application for Adjustment of CPF Contributions from Firm's Account to a Self-Employed Person's Account"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Application for Adjustment of CPF Contributions from Firm's Account to a Self-Employed Person's Account</a><p>​FORM CPF SE 7A (PDF, 81KB)<br></p>00
Deregister Self-Employed Status<a href="/Assets/members/Documents/FORM_CPF_SE8.pdf" target="_blank" title="Deregister Self-Employed Status"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Deregistration of Self-Employed Status</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/NonSelfEmployedOrInformalWorkerStatus/DeclareMyNonSelfEmployedOrInformalWorkerStatusCoverPage" title="Deregistration of Self-Employed Status"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Deregistration of Self-Employed Status</a><p>​FORM CPF SE 8 (PDF, 66KB)<br></p>00
Re-activate Existing GIRO Arrangement<a href="/Assets/members/Documents/FORM_CPF_SE19.pdf" target="_blank" title="Re-activate Existing GIRO Arrangement"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Application to Re-activate Existing Interbank GIRO</a><p>​FORM CPF SE 19 (PDF, 0.2MB)</p>00
Refund of CPF/Medisave Contributions by Self-Employed Person<a href="/Assets/members/Documents/FORM_CPF_SE20.pdf" target="_blank" title="Refund of CPF/Medisave Contributions by Self-Employed Person"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Application for Refund of CPF/Medisave Contributions by Self-Employed Persons</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/ApplicationForRefundOrMedisaveContributions/RefundOrMedisaveContributionsCoverPage" title="Application for Refund of CPF/Medisave Contributions by Self-Employed Persons"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Application for Refund of CPF/Medisave Contributions by Self-Employed Persons</a><p>​FORM CPF SE 20 (PDF, 77KB)<br></p>00
Appeal for Instalment Payments by Self-Employed Persons<a href="/Assets/members/Documents/FORM_CPF_SEAPPEAL.pdf" target="_blank" title="Appeal for Instalment Payments by Self-Employed Persons"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Appeal for Instalment Payments by Self-Employed Persons</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/MedisaveInstallments/MedisaveCoverPage" title="Appeal for Instalment Payments by Self-Employed Persons"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Appeal for Instalment Payments by Self-Employed Persons</a><p>​FORM CPF SE APPEAL (PDF, 0.2MB)</p>00

 

 

GP0|#9fab1790-c8ea-46e2-a8e9-d79ef04c24d3;L0|#09fab1790-c8ea-46e2-a8e9-d79ef04c24d3|Self-Employed Scheme;GTSet|#86bc1bef-95c5-4ce4-91b5-375cc0c5ca12;GPP|#9230d710-e9f6-4c3c-b5bb-f6d91b90b906;GPP|#286ba088-23db-40b8-bc8b-e3dbdc098d5f

 

 

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