Beware of scam calls and scam messages impersonating as CPF officers asking for your personal details. Ignore them and do not share your Singpass ID/password or banking details with anyone. CPF officers will NOT ask for your Singpass, banking userid or password.

Scheduled Maintenance: CPF digital services will not be available on 4 Dec 2022, from 12am to 8am.

Maintenance: CPF digital services are not available on 22 Nov 2022 from 12.30pm to 2.30pm. You may access CPF Mobile app.

Your page is loading.
One moment please.

What are the changes to the tax relief cap for cash top-ups?

For cash top-ups made on or after 1 January 2022, you can enjoy annual tax relief of:

  • up to $8,000 (previously $7,000) when you top up to your Special/Retirement Account and/or MediSave Account*; and
  • an additional tax relief of up to $8,000 (previously $7,000) when you top up your loved ones’ Special/Retirement Account and/or MediSave Account.

For example, if you top up $6,000 to your Special/Retirement Account and $2,000 to your MediSave Account, you will enjoy $8,000 in tax relief.

As per today, only cash top-ups to the Special/Retirement Account within the current Full Retirement Sum are eligible for tax relief.

You can find out more on:

 

*The changes related to cash top-ups to MediSave Account do not apply to MediSave contributions made in the capacity of a self-employed person (SEP). If you would like to make MediSave contributions in the capacity of a SEP, visit the Self-Employed Scheme page for more information on topping up your MediSave Account.