When I checked my CPF balances last month, my heart warmed a little as I realised that my CPF MediSave Account (‘MA’) has reached the Basic Healthcare Sum (‘BHS’). BHS is the estimated savings required for basic subsidised healthcare needs in old age and is adjusted yearly for members below age 65 to keep pace with the growth in MA withdrawals (Source: Ministry of Health). That amount is $63,000 in 2021. Amidst the daily grind in my journey for financial independence in Singapore, reaching this milestone is cause for a small celebration. I shall elaborate on the significance of finally reaching the MediSave limit in 2021 through my CPF contributions.


In early 2019, I was invited as a guest speaker for CPF Hello Talk whereby the key message that I shared was how I have planned for my future retirement by turbocharging my CPF. One of the strategies that I