Why I just Top-Up my CPF Medisave Account again

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Some of you may remember that I did VCMA $3000 on 1 Jan 2024 when the BHS was raised from $68,500 to $71,500
So, all my CPF MA contributions will flow to OA since MA is at BHS and SA is above FRS. But, that’s not the end
1. MediShield Life + Integrated Shield Plan (ISP)
2. Careshield Life + Supplement (CSL)
3. Pay for family member’s ISP and CSL premiums
Look out for Medisave account deductions, then tax relief opportunity to VCMA to BHS.
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[@Stevenhahaha]

Hi Chris, I cannot topup my MA, I just recently convert to PR so I guess if my MA account haven't reached Min MA amount, I cannot topup my MA account and I can only topup my SA, right? Thanks

[@64cgfan]

This is all only applicable if you're employed, right? SEP got different rules, up to 37% of your Assessable Income or CPF Annual Limit.

[@mikehon2607]

My Medisave deduction is around 400 too, but my
Additional private insurance coverage component of an Integrated Shield Plan / Non-Integrated Shield Plan is 300 am I overpaying mine ?

[@HoneyMoneySG]

Depends on your hospital coverage, mine is only "Class A" wards, not private

[@AbcBakery]

Maxed out my MA ($71,500), now can only top up $666.67 per month to my SA account (to utilize the $8000 Tax reduction per year). Slowly but eventually! 😅

[@sx3425]

me too!