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CPF asks me to contribute Medisave even though my company makes $0?

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Old 19-03-2015, 12:17 AM
Nik Nik is offline
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Default CPF asks me to contribute Medisave even though my company makes $0?

Ok, long story short:

1) I registered a company last year even though I already have a full time job. I originally intend to sell t-shirts part-time via the company so I registered it via ACRA as Sole Proprietorship.

2) However, I didn't get around to starting the business and it was just left there, forgotten. Didn't even made a single cent of course.

3) Now CPF today sends me a bunch of forms about contributing a few hundred $$$ to my medisave as they say my annual income is $9000. WTF???? I didn't even make $0.01 via this company, where did the $9000 come from?
Or is this $9000 from my full time day job? But these are 2 different things!

Any self-employed people here facing similar issues?

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Old 19-03-2015, 04:37 AM
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tat depends on yourself how you report iras la.

u reported ur annual income 9000 what.

earnings on your company is taxed on your individual tax returns anyway.

You have full time job, got properly report your earnings or not.

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Old 19-03-2015, 11:58 PM
Nik Nik is offline
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Originally Posted by Unregistered View Post
tat depends on yourself how you report iras la.

u reported ur annual income 9000 what.

earnings on your company is taxed on your individual tax returns anyway.

You have full time job, got properly report your earnings or not.
Hi, actually, I didn't report my annual income as $9000, the company that i was working for reported for me (i think most HR depts in sg does that).

so what now? contact CPF board?

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Old 20-03-2015, 01:26 AM
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then you got pay cpf or not?

on your individual income tax return, did you do a double reporting?

you should be contacting iras and make the amendments / double checking.
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Old 17-06-2022, 02:14 PM
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Quote:
Originally Posted by Nik View Post
Hi, actually, I didn't report my annual income as $9000, the company that i was working for reported for me (i think most HR depts in sg does that).

so what now? contact CPF board?
CPF looks at the net trade income in your Iras filing. If you also hold a full time job, your company will submit your employment income which is different from trade income.

Maybe check your Iras notice of assessment to be sure.
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