How to top up CPF medisave

Basic Healthcare Scheme (BHS) is a maximum limit on how much you can have in your Medisave Account (MA). For a CPF member below 65, the BHS has been increased to S$54,500 from S$52,000. For a CPF member who is 65 or above in 2018, the BHS cap has been set at S$54,500, it wont be changed for the rest of the member’s life.

If your MA meets the BHS, the excess monies will go into CPF Special Account (CPF SA), where it continues to earn 4% p.a. 

You can make voluntary contributions to your MA, but those contributions must stay within the two limits:
(1) CPF Annual Limit 
(2) BHS (which will is $54,500 in 2018).

Voluntary contributions to your MA will allow you to enjoy up to $7,000 in tax relief

See below steps to top up:

(1) e-Cashier

(2) Contribute to my Medisave (Tax deductiable)

 

(3)

 

 

(4) Enter the amount here