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CPF Medisave Limit (Basic Healthcare Sum) – Where does the excess contribution go to?

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CPF Medisave Limit (Basic Healthcare Sum) – Where does the excess contribution go to?

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18-06-2020, 12:26 AM

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CPF Medisave Limit (Basic Healthcare Sum) – Where does the excess contribution go to?

John has $207k in his CPF Special Account and $60k in his Medisave Account (MA). He was born in 1980 and earns $5k a month. His employer and his own combined CPF contribution to his MA account is supposed to be $449.92. But because of some rules, the $449.92 was credited to his Ordinary Account account instead.

Read about the rules here:
https://www.salary.sg/2020/cpf-medis...-excess-go-to/

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