Drive and Save Scheme
The DAS scheme for hirers and relief drivers was introduced on 1st Jan 2011 and 1st June 2017 respectively.
Hirers & Reliefs must make at least $20 cash contribution directly to their CPF Medisave account every month.
No, CPF will not take this as hirers'/reliefs’ contribution to Medisave account. It must be contributed by hirer/ relief directly to CPF under the “Self-Employed account” and not from other sources.
Company will liaise with CPF board monthly on the hirers / reliefs' Medisave contribution.
No, newly joined hirer/relief will not be eligible for the company co-contribution of $20 for CPF Medisave in Aug’ 2017. New hirer must have full complete one month of service
No, hirers who submitted their resignation will not be eligible from the company co-contribution.
The co-contribution of $20 by the company to CPF medisave account for the month of August will be made in the following month, end of September 2017.
No, since you did not drive the taxi for a full complete month, you will not be eligible for the company co-contribution of $20.
Hirers with outstanding rental of => $500 will not be eligible for the co-contribution.
Relief drivers, who have contributed $20 per month to their CPF self-employed Medisave account via CPF, will automatically receive a contribution top up of $20 per month from the company to their CPF Medisave account subjected to the following terms and conditions.
The company will only co-contribute $20 monthly
You are advised to top up your CPF Medisave account by 25th of each month.
The co-contribution amount paid by the company will not be shown in the driver portal. You can however view the payments in your CPF statement account. You may contact the CPF Board at 1800-2271188 from Mondays to Fridays, from 8am to 6pm, or visit their website using your SingPass.
Yes, provided the contribution made by the hirer/relief to their Medisave account must be monthly $20.