What happens if I make multiple top-ups and exceed the annual matching cap of $1,000 for Matched MediSave Scheme? Will the excess top-ups be eligible for tax relief?

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Givers of cash top-ups that attract the matching grant (up to $1,000 per year) under the Matched MediSave Scheme (MMSS) will not receive tax relief.

However, you may continue to enjoy tax relief of up to $16,000 a year for eligible cash top-ups that do not attract matching grants from MMSS and Matched Retirement Savings Scheme ($8,000 per year for top-ups to yourself and another $8,000 per year for top-ups to your loved ones). For more information on how to compute my tax relief for voluntary cash top-ups to MediSave Account, you may refer to this FAQ.

What happens if I make multiple top-ups and exceed the annual matching cap of $1,000 for Matched MediSave Scheme? Will the excess top-ups be eligible for tax relief?

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Related questions

How does the Matched MediSave Scheme work?

How are the matching grants and tax relief determined for my cash top-ups made to a recipient eligible for the Matched MediSave Scheme?

What incentives are there for me to top up to my loved ones under the Matched MediSave Scheme given that there is no tax relief for me?

How do I compute my tax relief for voluntary cash top-ups to MediSave Account?

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