Employers can now contribute more to their employees' Medisave account through the Additional Medisave Contribution Scheme (AMCS). Under the scheme, employers may contribute up to $1,500 per employee each year. Employers can use the AMCS to implement the Portable Medical Benefits Scheme(PMBS). They can also return or transfer any accrued medical benefits of their employees into the CPF. Employees may then use the additional Medisave contributions to purchase an approved personal medical insurance to cover his/her future hospitalisation needs, or simply use the Medisave contributions to meet healthcare expenses when the need arises. The implementation of the AMCS will help to enhance employees' medical coverage, not just during employment, but between jobs as well. AMCS contributions are tax-free for the employee, and will not be counted against the CPF Voluntary Contribution Limit of $26,393 for 2008. Relevant tax benefits may also apply to employers. Application can be submitted to us using Form CPF/1 (0.04MB). The completed form should be submitted to: Employer Registration Section Central Provident Fund Board CPF Building 79 Robinson Road Singapore 068897 FREQUENTLY ASKED QUESTIONS (FAQs)   1. Are there any rules on the manner of payment of contributions under the AMCS? 2. Must all my employees receive additional contributions once I sign up for the scheme? 3. Can I make AMCS contributions for my employees posted overseas? 4. Can I make contributions for my foreign employees under the AMCS? 5. What will happen if I pay more than $1,500 to the employee under AMCS? 6. I am a self-employed person. Can I make AMCS contributions for myself? 7. What about the tax implications? Will I be taxed for the additional contributions since this is voluntary?   1. Are there any rules on the manner of payment of contributions under the AMCS?     Contributions under the AMCS is voluntary. As such, you may pay any amount and as often as you deem appropriate. However, total contributions to the employee's Medisave Account cannot exceed $1,500 per year.     2. Must all my employees receive additional contributions once I sign up for the scheme?     Participation in the scheme is voluntary. You may vary the number of employees receiving these additional contributions as you deem appropriate.     3. Can I make AMCS contributions for my employees posted overseas?     Yes, Singaporeans posted overseas are eligible for the AMCS, subject to the contribution limit.     4. Can I make contributions for my foreign employees under the AMCS?     No, only Singaporeans and Singapore Permanent Residents are eligible for AMCS.     5. What will happen if I pay more than $1,500 to the employee under AMCS?     Any excess contribution will be refunded to the employer without interest.     6. I am a self-employed person. Can I make AMCS contributions for myself?     No. Only employees are eligible for the AMCS.     7. What about the tax implications? Will I be taxed for the additional contributions since this is voluntary?     Please check with the Inland Revenue Authority of Singapore (IRAS) for tax matters. You can contact them at 1800 356 8611.