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Type of VC

VC Limit

i) Cash top-ups to your employee(s)’ Special or Retirement Account

For members below 55: up till the current Full Retirement Sum (FRS)

For members 55 and above: up till the current Enhanced Retirement Sum (ERS)

Learn more about how you can earn tax deductions for cash top-ups made on your employee(s)’ behalf.

ii) Cash top-ups to your employee(s)' MediSave Account

Up to the Basic Healthcare Sum (BHS) of the employee.

If the top-up amount exceeds the employee's BHS, the application will be rejected.

Learn more about how you can earn tax deductions for cash top-ups.

iii) VC to your employee(s)’ MediSave Account only under the Additional MediSave Contribution Scheme (AMCS).

Up to $2,730 per employee per year. Any VC exceeding this limit will be refunded without interest to the employer in the following year.

This VC is not limited by the employee's BHS. Any VC made above the BHS will be channelled to the employee's Special Account or Retirement Account, or Ordinary Account if the FRS has aso been met.

Use payment code "AMS" for the current CPF submission Number when making AMCS contributions.

Backdating of VC is not allowed..

iv) VC to your employee(s)' three CPF Accounts.

Up to the CPF Annual Limit ($37,740 per employee per year) less the mandatory contributions received by the employee for the calendar year.

Do consider the mandatory CPF contributions you will be making for your employee, before making VC. If the total mandatory CPF contributions and VC received by the employee exceeds the CPF Annual Limit in the calendar year, VC in excess of the CPF Annual Limit will be refunded without interest.

Use payment code "VCT" for the CPF Submission Number when making VC to three accounts.

Backdating of VC is not allowed.