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Anonymous

03 Oct 2019

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Advices for self-employed/business owners? Advisable to contribute to CPF?

Discussion (2)

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Alex Logan Lee

03 Oct 2019

Director at Basic Models Management

Yes, you should contribute to CPF as it gives you an added protection in the event your business goes south. And paying yourself a salary is also advisable as this is one of the important factors banks look at if you need to get a loan.

Vincent Tan Wen Bin

17 Jun 2019

Assistant Vice President at Thinkers Alliance

Yes. I do self contribute to my CPF as it will help to deduct taxable income and at the same time this will also help to build my retirement fund or I can also use those funds for housing.

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