Check the qualifying arrangement
Tax benefits require a company’s cash payment into a self-employed person’s MediSave account and a qualifying contract in force at payment. The contract covers lending or renting a business asset other than money, or services supplied by the self-employed person in the same trade or profession as the company. From contributions in 2018, the company deduction is limited to S$2,730 per person per calendar year; excess requires a tax adjustment. This limit differs from the CPF Annual Limit.
Recipient and refund treatment
Specified matching co-contributions are not the recipient’s income. Other work-linked contributions are income but exempt only within the stated limit; IRAS obtains excess amounts from CPF for inclusion. The same payer acting as employer and business counterparty is one contributor, not two. Excess annual-limit refunds generally return the person’s own payments first, without relief on refunded amounts. Cash paid directly after loss of citizen or PR status does not inherit the MediSave exemption.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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