CPF for self employed (Sole Proprietorship)?

CPF is not required to be contributed for Sole Proprietor (self-employed owner). However the self-employed owner is required to contribute the MediSave with CPFB for the trade income which is in addition to paying his income tax based on the individual’s income tax rates.

Unlike regular employees, partners, sole-proprietors, or self-employed persons engaged under a contract for service are only required to contribute to their Medisave account.

MediSave contributions are computed based on their annual net trade income earned.