As a self-employed person (SEP), you can enjoy full tax relief on your mandatory MediSave contributions.
You can also enjoy tax relief as an SEP for the following voluntary contributions:
- MediSave contributions made to offset future MediSave payable, made via the Manage your MediSave Payable form; and
- Voluntary top-ups to 3 CPF accounts
The tax relief for these voluntary contributions will be capped at the lowest of:
- 37% of your net trade income1; or
- CPF annual limit of $37,740*; or
- Actual voluntary amount contributed by you
1Excludes net earnings from platform work (if any) as declared to CPF Board by your platform operator(s) for work year 2025 onwards if you are a mandatory or opt in platform worker
*Amount less tax relief allowed on mandatory MediSave contributions
