WebNov 26, 2024 · SINGAPORE - The Basic Healthcare Sum will be raised from $63,000 to $66,000 for Central Provident Fund (CPF) members under 65. This will take effect from Jan 1 next year, the CPF Board said... WebNov 29, 2024 · Basic Healthcare Sum. Or perhaps, you’d still remember it as the CPF Medisave Limit or Medisave Cap Limit . Quite a few years ago, the official term given was actually Medisave Contribution Ceiling (MCC) but on the 1st of January 2016, MCC was renamed as Basic Healthcare Sum . So, despite the name changes, what is it really?

Everything You Need to Know about Your MediSave Account in …

WebIs there a maximum amount that I can save in my MediSave Account? You can save up to the prevailing Basic Healthcare Sum (BHS) in your MediSave Account if you have not turned age 65. The BHS from 1 January 2024 is $68,500 for all CPF members aged 65 … WebJan 5, 2005 · 1 Jan 2004: CPF members who turn 55 and are able to meet the CPF Minimum Sum, are required to set aside a Required Amount in their Medisave Account when they make a CPF withdrawal. 77 1 Jul 2006: Contributions to the Medisave Account which are in excess of the Medisave Contribution Ceiling are automatically transferred … indiana governor holcomb office

Understanding CPF Special Account Ceiling For Retirement

WebNov 19, 2024 · Medisave Contribution Ceiling (MCC) is the maximum balance a member may have in his Medisave Account. It was renamed the Basic Healthcare Sum (BHS)in … WebMay 12, 2024 · Previously known as the MediSave Contribution Ceiling, the MediSave Basic Healthcare Sum is a maximum, not a minimum. In other words, it is a cap on your MediSave balance. As it is... WebFeb 25, 2015 · Mr Hadow said Imas also welcomed other changes introduced, like a higher CPF salary contribution ceiling and a higher contribution cap for a government savings and investment scheme known as the Supplementary Retirement Scheme (SRS). "Increased CPF and SRS balances should help workers build up more funds for … load shedding in east london