Credit: https://www.heartlandboy.com/difference-cash-top-up-cpf-ma-sa/
I fall into situation 1 and like him, I do not want any restrictions on my cash top-ups. There is another important consideration and that is my CPF-MA must be near the Basic Healthcare Sum (BHS) of $66,000 in 2022, for the funds to flow into my SA.
I am fortunate that my MA has reached the BHS of $63,0000 last year and I will just have to top up $3,000. I will have to do it before my January’s CPF contribution though and I read the comments in other blogs that some people encountered problems in topping up their MA. Hence I will document my own experience here. If I encounter a problem I can contact CPF on where exactly the problem lies, else it will serve as guide for myself and others.
Step 1: CPF Website https://www.cpf.gov.sg/member/growing-your-savings/saving-more-with-cpf/top-up-your-medisave-savings
Step 2
Step 3
Step 4: You will have to enter your CPF Account Number and Email Address before you can click the "Check Allowable Contribution" button.
Step 5 - Confirmation that I can still top-up to MA and the top-up amount.
Step 6: After you click "Continue", you will go back to the previous page. Click "Next"
Step 7
Step 8: You can receive cash-back by using UOB AMEX / American Express TrueCashback with GrabPay. Please refer to Heartland boy article for the full details.
Step 9
Step 10: You will receive a email with the instructions to top-up.
Step 11: Pay by GrabPay
Step 12: You will receive another email once payment has been made
Step 13: Check CPF
The process was quite straight forward and what is worth praising is that it took only 1 day to initiate the top-up and see the transaction in CPF.
