SINGAPORE - There are no plans for now to extend to the private sector a scheme where the Government helps self-employed people make small, regular contributions to their Medisave accounts instead of a yearly lump sum.. Read more at straitstimes.com.
SINGAPORE - There are no plans for now to extend to the private sector a scheme where the Government helps self-employed people make small, regular contributions to their Medisave accounts instead of a yearly lump sum.
Speaking at property firm PropNex's annual convention, Mrs Teo was outlining various forms of government support for self-employed people. Under the pilot scheme, the Government - as service buyers - will start making regular contributions in the first quarter of next year to the Medisave accounts of self-employed people, some of whom have difficulty doing so on an annual basis.
Mrs Teo noted that the most recent labour force survey in 2018 showed that 8 per cent of the workforce did self-employed work as their main job. The proportion has remained stable at between 8 to 10 per cent in the past decade.
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