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Type of Medical Scheme |
Co-Payment on Ward Scheme (CPW) |
Comprehensive Co-Payment Scheme (CCS) |
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Medisave Rules Applicable |
| Your Medisave balance at age 55 |
| Medisave Required Amount (MRA)
From 1 January 2008, it is $14,000. |
You have to set aside half of the MRA if you wish to withdraw your CPF in excess of the reduced Minimum Sum (if applicable) at age 55. This is also applicable to subsequent withdrawals.
If you have less than half of the MRA, you can use your Special and/or Ordinary Account balances in excess of the reduced CPF Minimum Sum (if applicable) to meet the amount. |
You have to set aside the full MRA if you wish to withdraw your CPF in excess of the reduced Minimum Sum (if applicable) at age 55. This is also applicable to subsequent withdrawals.
If you cannot meet the full MRA, you can use your Special and/or Ordinary Account balances in excess of the reduced CPF Minimum Sum (if applicable) to meet the amount. |
| Medisave Minimum Sum (MMS)
From 1 July 2008, it is $29,500. |
Once you set aside half of the MMS at age 55, you are allowed to withdraw any Medisave in excess. |
Once you set aside the full MMS at age 55, you are allowed to withdraw any Medisave in excess.
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| Your Medisave contribution from age 55 |
| Medisave Contribution Ceiling (MCC)
From 1 July 2008, it is $34,500. |
If you are working and contributing to CPF, half of the MCC applies.
Once you reach this ceiling, any further Medisave contribution will overflow to the Retirement Account if you have a CPF Minimum Sum shortfall. Otherwise, the amount will overflow to the Ordinary Account. |
If you are working and contributing to CPF, the full MCC applies.
Once you reach this ceiling, any further Medisave contribution will overflow to the Retirement Account if you have a CPF Minimum Sum shortfall. Otherwise, the amount will overflow to the Ordinary Account.
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