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Post Info TOPIC: CPF to deposit
max


Veteran Member

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Posts: 46
Date:
CPF to deposit


Since starting a a cabby 2 months ago. I have not put anything for CPF.

how much to put into CPF or deposit into medisave only?

Or save a % of daily takings in savings bank?

what do you guys/gals do for savings? thank you

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Senior Guru

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Posts: 2633
Date:

bro max

cabby dun hv cpf saving unless you volunteer to put in...as for medisave...you've to declare your income to IRAS as self-employed at end of fiscal year...IRAS will calculate the % of medisave you need to contribute...failure to contribute your VTL wld be revoked...personal saving now tan ku ku bcos of economic crisis...however if u beli lucky earn alot do save hor

cheers

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A Forum Mentor

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Posts: 478
Date:

Open your own 'CPF' Account

You can use monthly deposit
or daily deposit if you dun mind the hassle

Eg if this month nett 3k, put 1k into this 'CPF' A/c
or if today nett 100, deposit 30.00

When you reach 55yo, you can withdraw any amt you wan, no need minimum sum w00t.gif

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max


Veteran Member

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Posts: 46
Date:

thanks bro fairfare and music

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