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CMFASPrepStudyingRES5
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Financial advisory
RES5Financial Advisory Services✓Mr Segar is certified severely disabled and wishes to draw MediSave Care cash. At the point of withdrawal his MediSave balance is S$8,000. His maximum monthly cash withdrawal is:
MediSave Care caps the monthly withdrawal by balance band: S$20,000+ = S$200, S$15,000+ = S$150, S$10,000+ = S$100, S$5,000+ = S$50, and below S$5,000 = nil. A balance of S$8,000 falls in the 'S$5,000 and above' band, so the maximum is S$50 a month.
A S$8,000 balance is below the S$10,000 threshold for S$100, so it drops to the S$50 band — not S$100.
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