Govt pilots Contribute-as-you-Earn scheme for public sector's service providers.
Medisave contribution rates vary by age and income. Mrs Teo gave an illustrative example of a 48-year-old freelance soccer coach. If his net trade income for the year was S$30,000, he would have to make a Medisave contribution of S$3,000.
Those who have made their Medisave contributions in full or are keeping up via an instalment plan can opt out of the pilot. But those who have not been keeping up must be on the CAYE scheme."This will help them keep up with the current Medisave obligations and prevent their obligations from snowballing," said Mrs Teo.
"Some of the intermediaries have already indicated interest," she noted."They can see the benefit of helping their agents make Medisave payments as and when they earn an income.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Govt bans electric scooters from all footpaths from Nov 5SINGAPORE — The use of electric scooters on all footpaths will be banned from Tuesday (Nov 5) and riders may only use them on cycling paths and park connector networks.
Read more »
Golf: Korda wins in Taiwan as caddie earns bragging rights over fiancéeNelly Korda won the Taiwan Swinging Skirts LPGA in a three-way playoff on Sunday, giving her caddie Jason McDede bragging rights over his fiancée ...
Read more »
Golf: Her fiance earns bragging rights after Caroline Masson loses in Taiwan play-offTAIPEI (REUTERS, AFP) - Nelly Korda won the Taiwan Swinging Skirts LPGA in a three-way play-off on Sunday (Nov 3), giving her caddie Jason McDede bragging rights over his fiancee Caroline Masson.. Read more at straitstimes.com.
Read more »
Fiorentina fight back to earn draw against ParmaROME: Fiorentina missed out on the chance to draw level on points with seventh-placed Napoli as they were held to a 1-1 draw at home to Parma in ...
Read more »
Tosun rescues point for Everton in match marred by Gomes injuryCenk Tosun's stoppage-time header earned Everton a 1-1 home draw against Tottenham Hotspur in the Premier League on Sunday in a match overshadowed ...
Read more »
Insurance agent on trial for bribing Indonesian embassy official over maid bondsSINGAPORE: An insurance agent stood trial on Monday (Nov 4) for giving about S$103,000 worth of bribes in a scheme involving an Indonesian embassy ...
Read more »