- CPF Minimum Sum for those aged 55 years will be raised from $106,000 to $117,000
- Medisave Minimum Sum will be raised from $29,500 to $32,000
- Medisave Contribution Ceiling will be raised from $34,500 to $37,000
Any Medisave contribution in excess of the prevailing Medisave Contribution Ceiling will be transferred either to the member's Special Account if he is below the age of 55 years, or to his Retirement Account if he is above the age of 55 and has a shortfall in the Minimum Sum.
Monday, June 1, 2009
CPF Changes from 1 July 2009
Topic(s):
CPF
The following changes to the CPF will be effective from 1st July 2009:
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