Comparison View

Formal Consolidation |  Amended S 889/2019
Eligibility criteria for member who was both employee and self‑employed person in relevant year before 2020
7.—(1)  A member who —
(a)worked as a self‑employed person in the relevant year 2017, 2018 or 2019; and
[S 889/2019 wef 01/01/2020]
(b)is an employed eligible member for a relevant month in that relevant year,
is an eligible member for that relevant year if the member satisfies all of the requirements in paragraph (2), except any requirement that is waived under regulation 10.
(2)  For the purposes of paragraph (1), the requirements are as follows:
(a)the member is a Singapore citizen —
(i)on 31 December of the relevant year; and
(ii)at the time the benefit for that relevant year is to be paid or credited to the member in accordance with regulation 13;
(b)the member has worked as a self‑employed person in at least one month in the relevant year;
(c)the member has declared the member’s self‑employment income in the relevant year in accordance with regulation 8;
(d)the member’s average monthly income earned during the relevant year is not more than $2,000;
(e)the member pays every contribution which the member must pay under the Central Provident Fund (Self‑Employed Persons) Regulations (Rg 25) for the relevant year and each of the 2 years immediately preceding that relevant year, in accordance with paragraph (4);
(f)the member pays an additional contribution to the member’s medisave account, for the relevant year and each of the 2 years immediately preceding that relevant year, in accordance with —
(i)where the member’s declared income in the relevant year is not more than $6,000 — paragraphs (5), (6) and (7); or
(ii)where the member’s declared income in the relevant year is more than $6,000 — paragraphs (5) and (8).
(3)  For the purposes of paragraph (2)(d) and the Fifth Schedule —
(a)“average monthly income”, in relation to a member, means the amount determined in accordance with the formula  , where —
(i)W is the member’s total monthly wages as an employee received from the member’s employer (or all of the member’s employers if the member has more than one employer) in the relevant year;
(ii)D —
(A)is the member’s declared income in the relevant year; and
(B)is deemed to be zero if the member’s declared income in the relevant year is a negative value; and
(iii)M is the total number of months in the relevant year in which the member has worked as an employee, a self‑employed person or both; and
(b)the member’s total monthly wages in sub‑paragraph (a)(i) excludes any monthly wage of $50 or less, unless the member has paid or received the additional contribution mentioned in regulation 5(1)(g) in relation to that monthly wage.
(4)  For the purposes of paragraph (2)(e), the contribution for each year mentioned in that paragraph must be paid on or before 31 December of the second year after that year.
(5)  For each year mentioned in paragraph (2)(f), the additional contribution mentioned in that paragraph must be paid on or before 31 December of the second year after that year.
(6)  For the purposes of paragraph (2)(f)(i), the additional contribution for each year is an amount equal to —
(a)where the member is below 35 years of age on 1 January of that year — 4% of the member’s declared income in that year, subject to a minimum of $24;
(b)where the member has attained 35 years of age but is below 45 years of age on 1 January of that year — 4.5% of the member’s declared income in that year, subject to a minimum of $27;
(c)where the member has attained 45 years of age but is below 50 years of age on 1 January of that year — 5% of the member’s declared income in that year, subject to a minimum of $30; or
(d)where the member is 50 years of age or older on 1 January of that year — 5.25% of the member’s declared income in that year, subject to a minimum of $31.
(7)  Despite paragraphs (5) and (6), where any of the 2 years immediately preceding the relevant year (called in this paragraph the preceding year) is 2015 or 2016, for the purposes of paragraph (2)(f)(i), the additional contribution for that year is payable in accordance with regulation 4B(3) and (4)(c) of the Central Provident Fund (Workfare Income Supplement Scheme) Regulations (Rg 36).
(8)  For the purposes of paragraph (2)(f)(ii), the additional contribution payable for each year is the amount determined in accordance with the formula , where —
(a)A is the amount that is applicable to the member as set out in the Second Schedule; and
(b)B is the amount of contributions which the member must pay under the Central Provident Fund (Self‑Employed Persons) Regulations.
[S 889/2019 wef 01/01/2020]
Informal Consolidation | Amended S 1028/2022
Eligibility criteria for member who was both employee and self‑employed person in relevant year before 2020
7.—(1)  A member who —
(a)worked as a self‑employed person in the relevant year 2017, 2018 or 2019; and
[S 889/2019 wef 01/01/2020]
(b)is an employed eligible member for a relevant month in that relevant year,
is an eligible member for that relevant year if the member satisfies all of the requirements in paragraph (2), except any requirement that is waived under regulation 10.
(2)  For the purposes of paragraph (1), the requirements are as follows:
(a)the member is a Singapore citizen —
(i)on 31 December of the relevant year; and
(ii)at the time the benefit for that relevant year is to be paid or credited to the member in accordance with regulation 13;
(b)the member has worked as a self‑employed person in at least one month in the relevant year;
(c)the member has declared the member’s self‑employment income in the relevant year in accordance with regulation 8(1) and (2);
[S 1028/2022 wef 01/01/2023]
(d)the member’s average monthly income earned during the relevant year is not more than $2,000;
(e)the member pays every contribution which the member must pay under the Central Provident Fund (Self‑Employed Persons) Regulations (Rg 25) for the relevant year and each of the 2 years immediately preceding that relevant year, in accordance with paragraph (4);
(f)the member pays an additional contribution to the member’s medisave account, for the relevant year and each of the 2 years immediately preceding that relevant year, in accordance with —
(i)where the member’s declared income for the relevant year is not more than $6,000 — paragraphs (5), (6) and (7); or
[S 1028/2022 wef 01/01/2023]
(ii)where the member’s declared income for the relevant year is more than $6,000 — paragraphs (5) and (8).
[S 1028/2022 wef 01/01/2023]
(3)  For the purposes of paragraph (2)(d) and the Fifth Schedule —
(a)“average monthly income”, in relation to a member, means the amount determined in accordance with the formula  , where —
(i)W is the member’s total monthly wages as an employee received from the member’s employer (or all of the member’s employers if the member has more than one employer) in the relevant year;
(ii)D —
(A)is the member’s declared income for the relevant year; and
[S 1028/2022 wef 01/01/2023]
(B)is deemed to be zero if the member’s declared income for the relevant year is a negative value; and
[S 1028/2022 wef 01/01/2023]
(iii)M is the total number of months in the relevant year in which the member has worked as an employee, a self‑employed person or both; and
(b)the member’s total monthly wages in sub‑paragraph (a)(i) excludes any monthly wage of $50 or less, unless the member has paid or received the additional contribution mentioned in regulation 5(1)(g)(i) in relation to that monthly wage.
[S 1028/2022 wef 01/01/2023]
(4)  For the purposes of paragraph (2)(e), the contribution for each year mentioned in that paragraph must be paid on or before 31 December of the second year after that year.
(5)  For each year mentioned in paragraph (2)(f), the additional contribution mentioned in that paragraph must be paid on or before 31 December of the second year after that year.
(6)  For the purposes of paragraph (2)(f)(i), the additional contribution for each year is an amount equal to —
(a)where the member is below 35 years of age on 1 January of that year — 4% of the member’s declared income for that year, subject to a minimum of $24;
[S 1028/2022 wef 01/01/2023]
(b)where the member has attained 35 years of age but is below 45 years of age on 1 January of that year — 4.5% of the member’s declared income for that year, subject to a minimum of $27;
[S 1028/2022 wef 01/01/2023]
(c)where the member has attained 45 years of age but is below 50 years of age on 1 January of that year — 5% of the member’s declared income for that year, subject to a minimum of $30; or
[S 1028/2022 wef 01/01/2023]
(d)where the member is 50 years of age or older on 1 January of that year — 5.25% of the member’s declared income for that year, subject to a minimum of $31.
[S 1028/2022 wef 01/01/2023]
(7)  Despite paragraphs (5) and (6), where any of the 2 years immediately preceding the relevant year (called in this paragraph the preceding year) is 2015 or 2016, for the purposes of paragraph (2)(f)(i), the additional contribution for that year is payable in accordance with regulation 4B(3) and (4)(c) of the Central Provident Fund (Workfare Income Supplement Scheme) Regulations (Rg 36).
(8)  For the purposes of paragraph (2)(f)(ii), the additional contribution payable for each year is the amount determined in accordance with the formula , where —
(a)A is the amount that is applicable to the member as set out in the Second Schedule; and
(b)B is the amount of contributions which the member must pay under the Central Provident Fund (Self‑Employed Persons) Regulations.
[S 889/2019 wef 01/01/2020]