The Medisave Contribution Ceiling is the maximum amount that you are required to contribute and maintain in your Medisave Account. The prevailing Medisave Contribution Ceiling is $39,500. This ceiling is adjusted annually and will be revised to $41,000 from 1 July 2011.

Any Medisave contribution in excess of the Medisave Contribution Ceiling will be transferred from the Medisave Account to the Special Account for members aged below 55.

For members aged 55 and above who do not meet the CPF Minimum Sum, the excess Medisave will be transferred to their Retirement Account. For those who have set aside the full CPF Minimum Sum, the excess CPF contribution will be transferred from the Medisave Account to the Ordinary Account.

Government pensioners under the Fixed Amount on Ward Charges Scheme do not need to have Medisave whereas pensioners under the Co-payment on Ward Charges scheme need to contribute Medisave up to 30% of the prevailing Medisave Contribution Ceiling.

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Last Updated on Monday, 22 August 2011 11:41