Sorry. NO CPF-MA interest overflow into OA
Interest earned from Medisave account Medisave BHS @2024 = $71,500 assume @4% p.a. interest = $71,500 × 0.04 = $2,860 p.a. earned Premiums deducted from my Medisave: *1:My Enhanced Incomeshield+ As-Charged rider premium is already S$5.6k for next year. Cash premium = $4,046 p.a. * * Medisave deducted = $1,639 p. a. *2: Medishieldlife for my next year @age 61~65 premium = $1,131 p.a. (= 1131/2860 × 100% = 40% deducted) * 3: CareShieldLife premium of $898 p.a. (for 10 years period) Total premium deduction from my Medisave = $1,639 + $1,131 + $898 = $3,668 p.a. (expenses) ~~~ Takeaway #1: Net interest earned = $2,860 - $3,668 = -$808 p.a. In summary, my MA balance was reduced by $808 p.a. ~~~ Takeaway #2: Instead of feeling sad, I am cautiously glad that I topup with cash $3,668 p.a. to max BHS again. This topup reduces my personal earned income tax. Takeaway #3: Don't ever think that annual interest earned from MA can overflow into your OA for OA Withdrawal. Unknowingly, you actua