The Medisave Contribution Ceiling is the maximum amount that you are required to contribute and maintain in your Medisave Account.
Any Medisave contribution in excess of the current Contribution Ceiling will be transferred:
- If you are below age 55, it will be transferred to your Special Account.
- If you are above age 55 and have a CPF Minimum Sum shortfall, it will be transferred to your Retirement Account,
Since 2015, the Medisave Contribution Ceiling has been renamed the Basic Healthcare Sum. The limit is now at $52,000 as 1 January 2017.