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What are the differences between topping up my retirement savings, making a Voluntary Housing Refund and topping up my MediSave Account?

Find out what the differences between the various types of top-ups are below:


Topping up your retirement savings

Voluntary Housing Refund

Topping up your MediSave Account

Top up/refund to

  • Special Account (SA) for members below 55; or
  • Retirement Account (RA) for members 55 or above.
  • Ordinary Account (OA); and/or
  • RA for members 55 or above and have not met their Full Retirement Sum (FRS) in their RA.
  • MediSave Account (MA)

Eligibility for tax relief

You can enjoy tax relief if you made cash top-ups to yourself or your loved ones up to the current FRS.

However, please note that tax relief would not apply if you made a CPF transfer.

You will not be eligible for tax relief.

You can enjoy tax relief for voluntary top-ups to MA.

If you are self-employed, you will enjoy tax relief on your MediSave contributions based on your annual net trade income (NTI). There will be no tax relief for your MediSave contributions if your assessed NTI for the year of assessment is zero or negative. 

Top-up limit

What is the maximum amount of top-ups I can receive?

If you are below 55, you may top up your SA up to the current FRS.

If you are 55 or above, you may top up your RA up to the current Enhanced Retirement Sum.

You can check your top-up limit in your Retirement Dashboard.

Can I voluntarily refund a portion of the CPF savings I used for my property?

You can make a refund of any amount, capped at the full principal amount you have withdrawn for the property, along with the accrued interest.

You may check the amount that you can refund through the Home Ownership Dashboard.

Do note that after making a full voluntary housing refund of the CPF savings withdrawn and accrued interest, all CPF withdrawals including monthly housing loan instalments (if any) for the property will stop.

What is the voluntary top-up limit to my MediSave Account?

The maximum amount you can voluntarily top up to your MA is the difference between your Basic Healthcare Sum (BHS) and your current MA balance. Once you attain your BHS, no further voluntary top-ups can be made to your MA. If your top-up amount exceeds your BHS, the full amount of your top-up will be refunded to you.

You can check your top-up limit with these steps.


Top-ups are meant to boost your retirement income. They will be streamed out to you as monthly payouts and cannot be used for other purposes.

You can continue to use your OA savings for the current or next property after making a voluntary housing refund.

However, if you would like to use your OA for the same property, after making a voluntary refund of the full principal amount used and the accrued interest, you will need to re-apply to use your CPF savings.

After turning 55 and setting aside the FRS, you can withdraw the remaining balance in your OA and SA in full or in part at any time.

From 55, you can make retirement withdrawals from your OA and SA in full or in part, at any time for your immediate needs, provided you have set aside your FRS.

MA savings are meant for your healthcare needs and cannot be withdrawn as cash.


Top-ups can be made using cash and/or CPF transfers.

How do I apply to make a top-up?

Refund can only be made via cash.

How can I make a voluntary refund of the housing amount withdrawn if I am not selling my property?

Top-ups can only be made via cash.

How can I top up to myself, my children or my loved ones’ MediSave Account?

Click here to find out what the CPF interest rates are.