By MoneyBees
Work out the MediSave you must pay as a self-employed person from your net trade income and age, on CPF's 2026 rates, with the phase-in between S$12,000 and S$18,000, the cap and what happens once you reach the Basic Healthcare Sum.
Gross trade income less allowable expenses, as IRAS assesses it. Leave out platform work your operator already pays CPF on.
CPF uses lower rates for pensioners.
MediSave payable
$5,400
9.00% of your net trade income
Stays in MediSave
$5,400
room to the $79,000 BHS
Flows on to SA, RA or OA
$0
the part above the BHS
Your income falls in the band above S$18,000: full rate. The most anyone your age pays is $8,640, the 9% rate on S$96,000.
CPF Board sends a notice once IRAS has assessed your income. Pay within 30 days, or set up a GIRO instalment plan. You get full tax relief on this compulsory amount.
Leave your email and we'll save this scenario so a MoneyBees adviser can follow up.
Or book a free chat if you'd rather talk it through.
By your age on 1 January and your net trade income.
| Age | Above S$6,000 to S$12,000 | Above S$18,000 | Maximum |
|---|---|---|---|
| Below 35 | 4% | 8% | $7,680 |
| 35 to below 45 | 4.5% | 9% | $8,640 |
| 45 to below 50 | 5% | 10% | $9,600 |
| 50 and above | 5.25% | 10.5% | $10,080 |
Between S$12,000 and S$18,000 the rate rises step by step from the lower to the full rate, by CPF's formula. Source: CPF Board.
You still pay MediSave after reaching the $79,000 Basic Healthcare Sum. The part above it moves to your SA (your RA from 55) up to the Full Retirement Sum, then to your OA.
If you also earn a salary or platform income above S$96,000 for the year, you can write to CPF Board to limit what you pay.
You are 42 on 1 Jan and your net trade income is S$60,000. That is above S$18,000, so the full 9% rate applies: S$5,400.
With S$76,000 already in MediSave, S$3,000 takes you to the S$79,000 BHS. The other S$2,400 goes to your SA.
Had your income been S$15,000 at age 30, CPF's phase-in gives S$480 plus 0.16 x S$3,000, or S$960.
Figures checked 3 Oct 2026.
Yes, if you are a Singapore citizen or PR and your net trade income for the year is above S$6,000. CPF Board works out the amount from your income as IRAS assesses it.
For net trade income above S$18,000: 8% below 35, 9% from 35 to below 45, 10% from 45 to below 50 and 10.5% from 50, by your age on 1 January. Lower rates of 4% to 5.25% apply above S$6,000 to S$12,000.
CPF phases the rate in. Below 35, you pay S$480 plus 16% of your income above S$12,000. The other age groups use S$540 plus 18%, S$600 plus 20% and S$630 plus 21%.
S$7,680 below 35, S$8,640 from 35 to below 45, S$9,600 from 45 to below 50 and S$10,080 from 50 in 2026. These equal the full rate on S$96,000. Pensioners pay at most S$5,760.
CPF Board sends a notice of CPF contributions after IRAS assesses your income. Pay in full within 30 days of the notice, or set up a GIRO instalment plan.
Yes. Any amount above your Basic Healthcare Sum moves to your SA, or your RA from 55, up to the Full Retirement Sum, then to your OA. The BHS is S$79,000 in 2026 below 65. It is fixed for life at 65, so if you turned 65 before 2026 yours is lower, for example S$63,000 at 70.
Yes. You get full tax relief on the compulsory MediSave you pay as a self-employed person.
CPF Board says you can apply for or renew your licences only once you have paid in full or set up a GIRO instalment plan.
These calculators provide general estimates for educational purposes only and are not personalised financial advice. Results may rely on rates and rules that change over time, so verify against official sources (IRAS, CPF Board, HDB, MAS) or consult a licensed financial adviser before making decisions.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).