|Employers can contribute more to their employees’ Medisave account via the Additional Medisave Contribution Scheme (AMCS). Only Singapore Citizen and Singapore Permanent Resident employees are eligible for AMCS.
Employers can use the AMCS to implement the Portable Medical Benefits Scheme (PMBS). They can also return or transfer any accrued medical benefit of their employees into their CPF Medisave Account. Employees may then use the additional Medisave contributions to buy approved personal medical insurance, or meet healthcare expenses when the need arises. In addition, AMCS contributions are tax-free for employees and relevant tax benefits may also apply to employers.
Participation in this scheme is voluntary. Employers may vary the number of employees receiving these additional contributions. Employers may also pay any amount as long as the total contribution to the employee's Medisave Account does not exceed $1,500 per year. Any excess contribution will be refunded to the employer without interest. AMCS contributions are not part of the prevailing CPF Annual Limit.
Making AMCS for your employees
To participate in AMCS, you will need to be issued with a separate CPF Submission Number (CSN). Please click here to apply.
You should submit your application as soon as you intend to make AMCS for your employees. Once your application is approved, you will receive a CSN for AMCS.