What is Medisave Contribution Ceiling

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.

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About the Author

Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
The views and opinions expressed in this article are those of the author. This does not reflect the official position of any agency, organization, employer or company. Refer to full disclaimers here.

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