“Wah… You’re lucky that you’re self-employed. Means don’t need to care about your money being sucked into CPF.”
Really?
Having been a freelance writer, marketer, and a tuition teacher for a year, I knew nothing about CPF contribution.
And I’ve assumed – for the longest time – that if I were to continue with this line of work, it’s just not something I have to care about.
But as part of my efforts to embrace #adulting, I decided to read up on CPF contributions for self-employed individuals just to see why it’s mandatory (for MediSave at least) and find out if there’s even any benefit to doing so.
So if you’re currently self-employed, or are an entrepreneur starting your own business… I’ve already done the homework for you.
Here’s everything you need to know about CPF contributions if you’re a self-employed person.
Am I Considered “Self-Employed”?...