Search results
To make top-ups to yourself or a loved one, you must make your MediSave contributions in full or be on GIRO monthly deductions under the Self-Employed Scheme. MediSave top-ups cannot be used to offset MediSave contributions that are mandatory for self-employed persons.
Jul 2, 2024 · To make MediSave top-ups to yourself or a loved one, you are required to be up-to-date with your MediSave payable (paid in full or on an active GIRO plan) under the Self-Employed Scheme. You may make payment for your MediSave payable via the payment modes.
Top up for your loved ones to help them grow their retirement savings. You can top up their Special or Retirement accounts so they can enjoy higher monthly payouts in retirement and also interest rates of up to 6% per annum. You can even make a top-up for your employee or other members of the community.
You can make a top-up via Top up MediSave Account using PayNow QR 1. You will be prompted to key in your Recipient's NRIC/CPF Account Number if you are making a top-up to your loved ones. You are encouraged to make top-ups early.
The tax relief for cash top-up to Retirement account and Special account is expanded to include cash top-ups made to an individual’s own MediSave account and to his/ her family members’ MediSave accounts (not allowed by CPF Board if the recipient is a self-employed person (SEP) with outstanding MediSave liabilities)
Apr 26, 2023 · Again, we can only top-up our MediSave up to the Basic Healthcare Sum (BHS). We also enjoy a dollar-for-dollar tax benefit on our MediSave Account top-ups, up to $8,000 a year. This cap is shared with the Retirement Sum Topping Up (RSTU) to our Special Account.
Last updated 1mo ago. When you make voluntary cash top-ups to (i) your MediSave Account or (ii) your loved ones , you can enjoy tax relief for cash top-ups made in each calendar year of up to: $ 8,000 if you make a top-up to yourself ; and. an additional $ 8,000 if you make a cash top-up to your loved ones *.
