18-06-2020 12:26 AM | |
admin |
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/ |