Did medisave contribution ceiling raised without any notice?
Or is The independent Singapore and Leong Sze Hian who wrote this article failed to read properly?
it was announced in Straits Times back in Nov 2016 embedded in a CPF rates article!
The basic healthcare sum for members above 65 years will be raised from S$49,800 to S$52,000 from Jan 1, 2017, as well as for those who turn 65 years old on the day. However, for those aged 66 years and above in 2017, the sum will remain unchanged at S$49,800. Any Medisave contributions in excess of a member’s basic healthcare sum will be transferred to his other CPF accounts, the release added.