31-07-2014, 01:35 PM
The CPF MA ceiling was increased from $45,500 to $48,500 with effect from 1-Jul-2014. I top up my MA by $3,000 cash which is tax deductible as well. If your tax bracket is 20%, the saving is $600.
Anyone did this? I hope my understanding is correct.
Anyone did this? I hope my understanding is correct.