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CPF Contribution for Employees



QCan I top-up as Voluntary contributions to my Ordinary Account only?
A

Voluntary Contributions (VC) cannot be made solely to the Ordinary Account.

You can make VC to:

  1. All 3 CPF Accounts (non tax-deductible)
  2. MediSave Account only (tax deductible* for recipient only)

VC is applicable to Singapore Citizens and Singapore Permanent Residents only.

*Please note that there will be a personal income tax relief cap of $80,000, which will apply from Year of Assessment 2018. This cap applies to the total amount of all tax reliefs claimed, including any relief on voluntary contributions made on or after 1 January 2017. For non-self-employed person, only voluntary contribution to MediSave Account is tax deductible.

As accepted voluntary CPF contributions cannot be refunded, CPF members who make voluntary CPF contributions on or after 1 January 2017 should take note of the overall personal income tax relief cap. You should evaluate whether you would benefit from tax relief on your voluntary CPF contributions and make an informed decision accordingly.
 
You can refer to the frequently asked questions (PDF, 0.2MB) or Inland Revenue Authority of Singapore website for more information on the personal income tax relief cap.




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