The Basic Healthcare Sum (BHS) is the estimated savings required for basic subsidised healthcare needs in old age. The BHS is adjusted yearly for members below age 65 to keep pace with the growth in MediSave withdrawals. Once members reach age 65, their BHS will be fixed for the rest of their lives.
Read : Official CPF Article For 2019 BHS Here
For 2019, the amount has increased by 4.95% from $54,500 to $57,200. So my projection of $57,000 was off by $200, but not to worry, everything is cool. It is simply an estimation and I’m already expecting a number around that range to be released in November every year. It’s usually around this time every year.
To copy-and-paste from CPF website:
CPF interest rates from 1 January 2019 to 31 March 2019
- Up to 3.5% per annum on the Ordinary Account
- Up to 5% per annum ...
