SINGAPORE: Singapore's National Taxi Association
(NTA) said it is delighted that the government is giving full
support to its recently-launched "Drive and Save" (DAS) scheme for
taxi drivers.
Under the scheme, drivers would make a voluntary
contribution of S$15 per month to their Medisave Account (MA) and
taxi companies would match this amount by making a voluntary
co-contribution to the self-employed person's (SEP)
account.
In a statement issued Saturday, the NTA said the
government's move reaffirms the taxi industry's effort to raise
healthcare savings of taxi drivers, who are self-employed.
"In addition, the exemption of SEPs from paying tax on these
contributions would encourage more taxi drivers to participate in
the DAS scheme," it said.
NTA president Wee Boon Kim said: "This is a huge morale booster to
our members as well as the taxi industry.
"The government's support will certainly incentivise more of our
members to contribute regularly to their MA and to save for their
future healthcare needs".
-CNA/wk