7 Ways You Can Use the Money in Your Medisave Account
Falling ill in Singapore is expensive, or at least that’s what everyone says. But thanks to Medisave, you might feel the pinch (a tiny bit) less.
Every month, a portion of your salary gets paid into your CPF accounts—your Ordinary Account, Special Account and Medisave Account. Employees earning at least $1,500 a month have to contribute 8% of their salary to their Medisave account until age 35, after which the contribution rate is 9% until age 45, 10% till age 50 and then 10.5% above 50.
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