facebookCan we purposely use our medisave, and then topup MA later for tax relief? The savings from relief should be more than the 4% interest earned, yes? - Seedly

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Anonymous

12 May 2023

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CPF

Can we purposely use our medisave, and then topup MA later for tax relief? The savings from relief should be more than the 4% interest earned, yes?

Discussion (4)

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Yes, I used it for my mums hospital bills. This year, I topped up my MA to BHS and enjoyed the tax relief up to $8,000.

Not sure how u define "purposely" use MA. There is proper limits and eligibility rules for using the MA.

Probably good for u to play with the system but not that good for rest of us when many ppl do that. ...

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