Singapore legislation
Regulation 9
of Central Provident Fund (Self-Employed Persons) Regulations 1992
Regulation 9
Application to reduce contributions for relevant year starting before 1 January 2025
Subregulation 1
This regulation applies to a self‑employed person who during the relevant year starting before 1 January 2025 was also employed as an employee and where contributions in respect of such employment have been made to the Board.
Subregulation 2
Any self‑employed person to whom this regulation applies may apply in writing to the Board to reduce the amount of contributions he or she is liable to pay under these Regulations so that the aggregate amount of all contributions paid into the self‑employed person’s account in the Fund (excluding contributions paid in respect of additional wages) for the relevant year does not exceed the maximum amount determined in accordance with paragraph (3).
Subregulation 3
The maximum amount mentioned in paragraph (2) is the following, whichever is the higher:
the maximum amount specified in the First Schedule for the relevant year which is applicable to the applicant, after deducting the total amount of estimated contributions payable to the Fund under section 9B of the Act for the applicant for the relevant year, if any;
a proportion of 12 times the maximum amount of contributions an employer is liable to pay in respect of the applicant’s ordinary wages for the month as prescribed in —
the First Schedule to the Act; or
the First or Second Schedule to the Central Provident Fund (Public Sector Employees) Regulations 2011,as the case may be.
Subregulation 4
For the purposes of paragraph (3)(b), the proportion must be —
ascertained by reference to such proportion of the contributions the Minister has under section 13(4) of the Act directed the Board to pay into the medisave account of the applicant; and
determined and computed in such manner as the Board may think fit.