Increase in tax relief income threshold
As announced on 16 February 2024, you can enjoy tax relief on cash top-ups made from 1 January 2024 to your spouse or sibling if your recipient’s annual income does not exceed $8,000, up from $4,000. Learn how you can benefit from the change.
Benefits
Why make top-ups to your MediSave Account?
With longer life expectancy and increasing healthcare costs, it’s good to have some security to cover any medical expenses as you age.
Things to note