Scheduled Maintenance: CPF digital services will not be available on 4 June 2023 from 12am to 8am.

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Is there a maximum amount that I can save in my MediSave Account?

You can save up to the prevailing Basic Healthcare Sum (BHS) in your MediSave Account if you have not turned age 65. The BHS from 1 January 2023 is $68,500 for all CPF members aged 65 years old and below in 2023. The BHS applicable to you will be adjusted yearly to account for increasing life expectancy and healthcare costs until the year you turn age 65. For instance, if you are aged 65 in 2023, the BHS that is applicable to you will be $68,500 for the rest of your life. The following table summarises the BHS for respective cohorts aged 65 and above in 2023:

Age in 2023

Year when cohort turned age 65

Cohort BHS

(fixed for life)

65

2023

$68,500

66

2022

$66,000

67

2021

$63,000

68

2020

$60,000

69

2019

$57,200

70

2018

 $54,500 

71 2017 $52,000 

72 and above

2016 or earlier

$49,800