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BUDGET DEBATE

Tweaks to Medisave limits to simplify process

Basic Healthcare Sum to be set for each cohort when they turn 65; Medisave Minimum Sum to be scrapped

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From next January, the Medisave Contribution Ceiling (MCC) - the upper limit on Medisave savings - will be renamed the Basic Healthcare Sum to bring it in line with Central Provident Fund (CPF) terminology.

Singapore

FROM next January, the Medisave Contribution Ceiling (MCC) - the upper limit on Medisave savings - will be renamed the Basic Healthcare Sum to bring it in line with Central Provident Fund (CPF) terminology.

The new Basic Healthcare Sum will be set at S$49,800 from January