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Why is there no tax relief for top-ups made to my children or non-immediate family?

Tax relief is an incentive given to encourage members to build up retirement savings for themselves or their immediate family members, particularly older Singaporeans who may have less retirement savings.

Your children have more time to accumulate savings in their working years for their own retirement needs. Hence, there is no tax relief for top-ups made to your children or non-immediate family members.