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Increase in tax relief income threshold for top-ups to spouse or sibling

As announced on 16 February 2024, you can enjoy tax relief on cash top-ups made from 1 January 2024 to your spouse or sibling if your recipient’s annual income does not exceed $8,000, up from $4,000. Learn how you can benefit from the change.

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*Based on the current 4% interest rate floor on Special and Retirement Account monies.