Personal Finance
Are You Self-Employed? Find Out How CPF’s Contribute-As-You-Earn (CAYE) Scheme Can Help You
By Seedly  •  September 5, 2020
There’s nothing better than being your own boss. With flexible hours and the freedom to choose clients and projects, the idea of freelancing has never been more alluring. Having worked a couple of jobs back when I was a student, I felt the perks of having such autonomy. However, I didn’t know about CPF contributions as a self-employed person (SEP) back then. Yep, being self-employed also meant CPF contributions and filing of income taxes. Which is a little troublesome given how manual these processes kind of are. Understanding that the topping up process might be cumbersome to some self-employed individuals, the Government piloted the Contribute-As-You-Earn (CAYE) scheme on 1 Jan 2020.
Source: GIPHY Yes, so many CPF schemes and it’s starting to get confusing. Fret not! We are here to give a quick breakdown of what this is all about. What Is This Contribute-As-You-Earn (CAYE) Scheme?...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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