CPFB | Top up your MediSave savings

Growing your savings

Top up your MediSave Account to save more for healthcare needs

Build up your CPF savings for your healthcare needs by making voluntary contributions to your MediSave Account.

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.

Grow your savings for your healthcare needs

Save up faster for your healthcare needs by making top-ups to your MediSave Account.

Use it to pay healthcare insurance schemes’ premiums

Use your MediSave funds to pay your MediShield Life/Integrated Shield Plans, ElderShield/CareShield Life and ElderShield/CareShield Life Supplement plan premiums.

Enjoy tax relief

You can enjoy up to $16,000 in tax relief every calendar year when you make cash top-ups to yourself and your loved ones.

Things to note

Before you make a top-up

Eligibility

To make MediSave top-ups to yourself or a loved one, you must be

A Singapore Citizen or Permanent Resident
Aged 16 or older

Top-up limits

The amount of MediSave top-ups one can receive is capped at the Basic Healthcare Sum (BHS). When you make a MediSave top-up online, you will be shown the amount of MediSave top-up you can receive before you reach the top-up limit.

If you are making a top-up to your loved ones, please check with your recipient directly on the amount he can receive.

If you are self-employed

To make top-ups to yourself or a loved one, you must make your MediSave contributions in full or be on GIRO monthly deductions under the Self-Employed Scheme.

MediSave top-ups cannot be used to offset MediSave contributions that are mandatory for self-employed persons.

Top-ups allocated to your MediSave Account cannot be used to offset your MediSave payable (if any).

For details, read more about the Self-Employed Scheme.

Top-ups are irreversible

Cash top-ups to MediSave Account are irreversible.

Payment

How to make a MediSave top-up

Use PayNow

Top up your MediSave savings today.

Make a top-up now

Reminder

Please ensure your top-up payments are within your payment limits with your bank.

FAQs

Common questions

Can I voluntarily top-up my Ordinary Account only?

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