CPF Medisave Required Amount to be raised to $38,500
‘SINGAPORE: From January next year, the Medisave Required Amount (MRA) in the Central Provident Fund (CPF) will be raised to S$38,500 from the current S$32,000.
The MRA refers to the amount that must be set aside in the Medisave Account, after the CPF Minimum Sum requirement has been met.
The CPF Board said those who have met the CPF Minimum Sum and have an MRA shortfall at the point of withdrawal have to make a top-up to the Medisave Account....’
This is the latest. Does anyone want to ask the CPF Board who gives them the authority to raise the minimum sum? Who does the Board think they are?