Topping up your recipient’s MediSave savings refers to the Voluntary Contribution to MediSave Account (VCMA).
VCMA helps boost your recipient(s)' MediSave savings for their healthcare needs.
For Employers, Platform Operators and Community Entities
1. The top-up recipient(s) must be (a) Singapore Citizen(s) or Singapore Permanent Resident(s).
2. The top-up is irreversible, i.e. the cash top-ups cannot be returned to the employer or platform operator or community entity.
3. The top-up is subject to the recipient’s Basic Healthcare Sum (BHS). Hence, if the top-up to MA causes the recipient’s BHS to be exceeded, the full top-up amount will be refunded without interest.
For Recipient(s)
4. The voluntary top-up to MA is subject to the recipient’s applicable BHS.
5. In the event of the recipient’s death, any remaining cash top-ups in the recipient’s MA will be paid to his nominees based on his CPF nomination. If there is no nomination, any remaining cash top-ups in the MA will be transferred to the Public Trustee for distribution in accordance with the intestacy laws or inheritance certificate (for Muslims) in Singapore. If the recipient is leaving Singapore permanently, any cash top-ups made to the recipient’s MA before the CPF account is closed will be paid to the recipient in cash, together with theremaining CPF balances.
General Information
Tax Deduction and Tax Relief
6. Employers and platform operators who make cash top-ups on behalf of their employees and platform workers respectively will receive an equivalent amount of tax deduction. Recipients can enjoy tax relief of up to $8,000 per calendar year, for cash top-ups made on their behalf by employers and platform operators to their Special Account (SA)/Retirement Account (RA) and/or MA.
7. From 1 January 2026, employers and platform operators that make cash top-ups attracting the matching grant (up to $1,000) under the Matched MediSave Scheme (MMSS) will receive tax deduction. Recipients (i.e. employees and platform workers) will not receive tax relief if the cash top-up attracts the matching grant.
8. Community entities who make cash top-ups on behalf of their recipients will not receive tax deduction. The recipient will not qualify for tax relief for the top-up made by community entities, regardless of whether the top up attracts MMSS matching grant.
9. Employers and platform operators should evaluate whether your organisation would benefit from tax deductions on your cash top-ups and make an informed decision accordingly as cash top-ups made under VCMA cannot be refunded.
Employers, Platform Operators and Community Entities are encouraged to make top-ups early
10. All applications and payments should be made to CPF Board by 31 December to enjoy applicable tax relief for the following year’s Tax Assessment.
Matched MediSave Scheme
11. If the recipient is eligible for MMSS for the year when the cash top-up is performed, he will receive a matching grant from the Government for every $1 of cash top-up made to his MA1, up to an annual cap of $1,000. The matching grant will be credited to the recipient’s MA at the beginning of the following year.
12. More details about MMSS can be found at cpf.gov.sg/mmss.
1 Cash top-ups made to the MA of eligible members turning 55 later in the year will also be considered for MMSS.