If your annual net trade income1 (NTI) exceeds $6,000, you are required to contribute to your MediSave Account as a self-employed person (SEP), in addition to the CPF contributions you have made on your employment/platform work.
This is the same as how employees with multiple jobs are required to make CPF contributions for all the wages from each job.
1Excludes net earnings from platform work (if any) declared to CPF Board by your platform operator(s) for work year 2025 onwards
You can apply to limit your MediSave payable as an SEP, if your total income from all employment (excluding Additional Wages2) and platform work for the year3 exceeds the maximum total annual income.
Learn more about the conditions for limiting your MediSave payable as an SEP at this
FAQ.
2Additional Wages are wage supplements which are not granted wholly and exclusively for the month. Examples are the annual bonus, leave pay, incentive and other payments made at intervals of more than a month.
3Applicable from work year 2025 onwards
If you are a platform worker concurrently working as an employee, you can refer to this
FAQ on refunding your share of excess CPF contributions (if any) on your platform earnings.
