Singapore legislation
Clause 4
Clause 4
Amendment of section 10C
Section 10C of the principal Act is amended by deleting subsection (5B) and substituting the following subsection:“(5B) The maximum amount is —
(a)
$1,500 per year (for contributions made before 2018); or
(b)
$2,730 per year (for contributions made in 2018 and in each subsequent year),less any previous contribution that is made to the medisave account in that year by the employer in the employer’s capacity as a person of a prescribed description in section 13(1)(jd) (if applicable), and that is exempt from tax under that provision.”.