| Understand | What is the Retirement Sum Topping-Up Scheme? | The Retirement Sum Topping-Up (RSTU) Scheme helps you build up your own or your loved ones’ retirement savings through higher monthly payouts and/or extended payout duration.
<p> </p><p>You can top up via CPF transfer or cash to your own and/or your loved ones’ Special Accounts (SA) (for recipients below age 55) up to the current Full Retirement Sum (FRS), or Retirement Accounts (RA) (for recipients aged 55 and above), up to the current Enhanced Retirement Sum (ERS).</p><p>
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<strong>CPF Transfers</strong><br></p><p>You can make CPF transfers to yourself, your spouse, parents, parents-in-law, grandparents, grandparents-in-law and siblings.</p><p>You will not be able to transfer your CPF savings to your children.</p><p>If you wish to top up your children’s CPF Accounts in cash, you may wish to refer to the FAQ:
<a href="https://www.cpf.gov.sg/Members/FAQ/schemes/other-matters/cpf-contribution-for-employees?ajsrc=Homepage#faq5472776">Can I top up my children’s CPF Accounts?</a> for more information.</p><p>
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<strong>Cash top-ups</strong></p><p>Cash top-ups can be made to any recipient. You can enjoy tax relief of up to $7,000 per calendar year if you are topping up for yourself and additional tax relief of up to $7,000 per calendar year if you are topping up for your parents, parents-in-law, grandparents, grandparents-in-law, spouse and siblings.</p><p>If you wish to top up your children’s CPF Accounts, you may wish to refer to the FAQ:
<a href="https://www.cpf.gov.sg/Members/FAQ/schemes/other-matters/cpf-contribution-for-employees?ajsrc=Homepage#faq5472776">Can I top up my children’s CPF Accounts?</a> for more information.</p><p>For more information on tax relief, please refer to the section on the
<a href="/Members/Schemes/schemes/retirement/retirement-sum-topping-up-scheme/detailstab/Item1740">benefits of topping up</a>.</p> | Retirement Sum Topping-Up Scheme | 2135 | 1739 |
| Evaluate | What are the benefits of topping up? | <p>Topping up for yourself and/or your loved ones helps build the recipient's SA (for recipients below age 55) up to the current FRS, or RA (for recipients aged 55 and above) savings, up to the current ERS.</p><p>
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<strong>Interest Earned</strong></p><p>Savings in the SA and RA earn an interest rate of up to 6%*.</p><p>
<span style="font-size:0.9em;">* Your CPF savings in the Ordinary Account (OA) earn guaranteed interest rates of 2.5% per year, while savings in the SA, MediSave Account and RA currently earn interest rates of 4% per year. The first $60,000 of your combined CPF balances, of which up to $20,000 comes from your OA, earn an additional 1% interest per year. Since 2016, an additional 1% interest is paid on the first $30,000 of combined CPF balances for all members aged 55 and above.</span></p><p>
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<strong>Tax relief/deduction for Cash top-ups</strong></p><p>Tax relief is given to encourage Singaporeans and Permanent Residents to set aside money for retirement needs either in their own CPF accounts or those of their loved ones – parents, parents-in-law, grandparents, grandparents-in-law, spouse and siblings. To qualify, you must hold a Singapore NRIC.</p><p>If you are making cash top-ups for yourself, you can enjoy tax relief equivalent to the amount of cash top-ups made, up to $7,000 per calendar year.<br></p><p>If you are also making cash top-ups for your loved ones - parents, parents-in-law, grandparents, grandparents-in-law, spouse and siblings, you can enjoy additional tax relief of up to $7,000 per calendar year.</p><p>To qualify for tax relief for cash top-ups made to your spouse's/siblings' CPF accounts, your spouse/siblings must meet one of the following conditions:</p><ol type="a"><li>Income (e.g. salary or tax exempt income such as bank interest, dividends and pension) not exceeding $4,000 in the year preceding the year of top-up*; or</li><li>Handicapped**<br></li></ol><p>In addition, only cash top-ups within the following caps will be eligible for tax relief:<br></p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td style="width:25%;">Recipent below age 55</td><td style="width:50%;">Current FRS less the sum of SA savings and net SA savings withdrawn under CPF Investment Scheme for investments that have not been completely disposed of</td></tr><tr><td rowspan="1" style="width:25%;">Recipent age 55 and above</td><td rowspan="1" style="width:50%;"><strong>Current FRS^</strong> less RA savings<sup>#</sup></td></tr></tbody></table>
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<p>You may wish to check with your recipient on his SA/RA savings<sup>#</sup> to find out more about the amount of tax relief you can receive for cash top-ups.<br></p><p>
<span style="font-size:0.9em;">* "Income" of a person would include income from all sources, such as tax exempt income (e.g. bank interest, dividend and pension) and foreign-sourced income remitted into Singapore. Hence investment income/rental income/directorship income etc, are considered to be income of a person.<br></span></p><p>
<span style="font-size:0.9em;">** A handicapped person is one who has been incapacitated mentally or physically. Some examples are visual-impairment, loss of hearing, loss of limb and dementia.<br></span></p><p>
<span style="font-size:0.9em;">^ The cap is based on current FRS, rather than the ERS, to keep tax benefits focused on supporting basic retirement needs. Cash top-ups
<strong>beyond</strong> the above caps will not be eligible for tax relief.<br></span></p><p>
<span style="font-size:0.9em;"><sup>#</sup> RA savings refer to the cash set aside in the RA (excluding amounts such as interest earned, any government grants received) plus amounts withdrawn such as monthly payouts and payout eligibility age lump sum withdrawal.</span><br></p><p>Please note that a personal income tax relief cap of $80,000 applies to the total amount of all tax reliefs claimed, including any relief on cash top-ups made under the RSTU Scheme.<br></p><p>As accepted cash top-ups made under the RSTU Scheme cannot be refunded, CPF members who make cash top-ups should take note of the overall personal income tax relief cap. You should evaluate whether you would benefit from tax relief on your cash top-ups and make an informed decision accordingly.<br></p><p>
<img alt="Benefits of topping-up in your 30s-40s." src="/Assets/members/PublishingImages/Benefits_of_topping_up.png" style="width:80%;height:auto;" />
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</p><p>If you are an employer, you can also make cash top-ups on your employees’ behalf. You will receive an equivalent amount of tax deductions for the cash top-ups made, while your employee will also receive tax relief of up to $7,000 per calendar year. The tax relief that your employee will receive will also take into consideration any cash top-ups that he may have done for himself. However, your employee can only enjoy tax relief for cash top-ups to his RA if the top-up amount is within the current FRS less his RA savings.</p><p>For cash top-ups made in the year, you/your employer can claim the tax relief/deduction in the following year's Tax Assessment.</p> | Retirement Sum Topping-Up Scheme | 2136 | 1740 |
| Evaluate | How can top-up monies be used? | <p>Top-up monies are set aside specifically for retirement needs and will be streamed out as monthly payouts under the Retirement Sum Scheme, or CPF LIFE<sup>1</sup>. It cannot be withdrawn in cash or used for any other purposes such as education, investment, insurance premium payments, housing etc. </p><p>Top-up monies will form part of your retirement sum. However, top-up monies in the RA will not be taken into account in computing how much RA savings<sup>2</sup> can be withdrawn in cash (for property owners), as well as how much RA savings<sup>2</sup> can be used for housing purpose and CPF transfers to spouses.</p><p>
<span style="font-size:0.9em;"><sup>1</sup> Note that non top-up monies will be used first before top-up monies.</span></p><p>
<span style="font-size:0.9em;">
<sup>2</sup> RA savings refers to the cash set aside in the RA (excluding amounts such as interest earned, any government grants received and top-ups received under the Retirement Sum Topping-up scheme), plus amounts withdrawn such as monthly payouts and payout eligibility age lump sum withdrawal.</span></p><p>Please click on
<a href="/Assets/members/Documents/Illustration_of_topup_monies_in_RA.pdf" target="_blank">Top-up monies in RA</a> (PDF, 0.3MB) for an example.</p> | Retirement Sum Topping-Up Scheme | 2137 | 1741 |
| Evaluate | When should I top up? | <p>
<strong>Be rewarded for topping up early</strong></p><p>Top up early in the year to earn more interest on your CPF savings!<br></p><p>Top up in January each year rather than December, and you could earn 20% more interest on your CPF savings in just 10 years.</p><p>
<img alt="Earn more interest by topping-up in January each year rather than December" src="/Assets/members/PublishingImages/mstugraph(april).jpg" style="width:60%;height:auto;" />
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<span style="font-size:0.9em;">* Based on current Special/Retirement Account interest rates of up to 6%<sup>#</sup> per annum, with $7,000 annual top-up, and $0 starting CPF balances.</span><br></p><p>
<span style="font-size:0.9em;"><sup>#</sup> CPF savings in the Special and Retirement Accounts currently earn interest rates of 4% per year. The first $60,000 of your combined CPF balances, of which up to $20,000 comes from your OA, earn an additional 1% interest per year. An additional 1% interest is paid on the first $30,000 of combined CPF balances for all members aged 55 and above.</span></p><p>Top up early to:<br>✓ Grow your CPF savings faster,<br>✓ Avoid the year-end rush, and<br>✓ Avoid missing out on the year-end tax relief deadline^.<br></p><p>
<span style="font-size:0.9em;">^ If you are topping up by cheque, your application must reach the Board by 31 December, 10am, to enjoy tax relief for the following year's Tax Assessment. If 31 December falls on a weekend, your application should reach us on the last working Friday of the year, 10am. This is to allow sufficient time for the cheque to be cleared.</span><br></p> | Retirement Sum Topping-Up Scheme | 2138 | 1742 |
| Decide | How much CPF savings can I transfer to my loved ones? | <p>You can transfer your CPF savings to your loved ones to build up their retirement savings. You can check how much CPF savings you can transfer to your loved ones through
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<a href="https://www.cpf.gov.sg/eSvc/Web/PortalServices/WelcomePage">my cpf Online Services</a> > My Messages.<br></p><ul><li>The maximum amount of CPF savings that you can transfer to your
<strong>spouse's</strong> CPF account is:<br></li><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:50%;"><p>If you are below 55 years old<br></p></td><td class="ms-rteTable-default" style="width:50%;"><p>Your OA savings after setting aside the current BRS<sup>[1]</sup>.</p></td></tr><tr><td class="ms-rteTable-default"><p>If you are 55 years old and above</p></td><td class="ms-rteTable-default"><p>Your CPF savings<sup>[3]</sup> after setting aside your BRS<sup>[1]</sup>.</p></td></tr></tbody></table></ul><p>Please click on
<a href="/Assets/members/Documents/ComputationOfAmts_TrfrsToSpouse.pdf" target="_blank">Computation of amounts for transfers to spouse</a> (PDF, 0.1MB) for examples.<br></p><ul><li>The maximum amount of CPF savings that you can transfer to your
<strong>parents’ and/or grandparents’</strong> CPF accounts is:<br></li><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:50%;"><p>If you are below 55 years old<br></p></td><td class="ms-rteTable-default" style="width:50%;"><p>Your OA savings after setting aside the current BRS<sup>[1]</sup>, provided you can meet the current FRS with your OA savings, SA savings, net amounts withdrawn for investments, and property<sup>[4]</sup>. </p><p>If you do not have a property<sup>[4]</sup>, you can transfer your OA savings after setting aside the current FRS<sup>[2]</sup>.</p></td></tr><tr><td class="ms-rteTable-default"><p>If you are 55 years old and above</p></td><td class="ms-rteTable-default"><p>Your CPF savings<sup>[3]</sup> after setting aside your BRS<sup>[1]</sup>, provided you can meet your FRS with your OA savings, SA savings, RA savings<sup>[5]</sup>, net amounts withdrawn for investments, and property<sup>[4]</sup>.</p><p>If you do not have a property<sup>[4]</sup>, you can transfer your CPF savings<sup>[3]</sup> after setting aside your FRS<sup>[2]</sup>. </p></td></tr></tbody></table></ul><p>Please click on
<a href="/Assets/members/Documents/ComputationOfAmts_TrfrsToParentGrandparent.pdf" target="_blank">Computation of amounts for transfers to parents and/or grandparents</a> (PDF, 0.1MB) for examples.<br></p><ul><li>The maximum amount of CPF savings that you can transfer to your
<strong>siblings’, parents-in-law’s, and/or grandparents-in-law’s</strong> CPF accounts is:<br></li><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:50%;"><p> If you are below 55 years old<br></p></td><td class="ms-rteTable-default" style="width:50%;"><p>Your OA savings after setting aside the current FRS<sup>[2]</sup>.</p></td></tr><tr><td class="ms-rteTable-default"><p>If you are 55 years old and above</p></td><td class="ms-rteTable-default"><p>Your OA savings after setting aside your FRS<sup>[2]</sup>.</p></td></tr></tbody></table></ul><p>Please click on
<a href="/Assets/members/Documents/ComputationOfAmts_TrfrsToInLawsSiblings.pdf" target="_blank">Computation of amounts for transfers to in-laws and/or siblings</a> (PDF, 0.1MB) for examples.<br></p><p>
<span style="font-size:0.9em;">[1] BRS can be set aside using your OA savings, SA savings, RA savings<sup>[5]</sup> (if you are 55 years old and above), and net amounts withdrawn for investments<sup>[6]</sup>.</span></p><p>
<span style="font-size:0.9em;">[2] FRS can be set aside using your OA savings, SA savings, RA savings<sup>[5]</sup> (if you are 55 years old and above), and net amounts withdrawn for investments<sup>[6]</sup>.</span></p><p>
<span style="font-size:0.9em;">[3] Your OA savings will be transferred first, followed by your SA and then your RA savings. You can write to CPF Board to specify the CPF accounts from which to transfer to your spouse, parents and/or grandparents. Please note that if you use your RA savings<sup>[5]</sup> for the transfer, your RA savings and property<sup>[4]</sup> may be less than your FRS. As a result, when you make a withdrawal from your OA and SA, a portion of the savings will be used to meet your FRS in your RA.</span></p><p>
<span style="font-size:0.9em;">[4] Property refers to the CPF savings used for property, including accrued interest (P+I). If you have set aside the BRS and own a property bought using CPF savings, the P+I can be considered towards meeting the FRS for making CPF transfers to your parents and/or grandparents. The property you own must have remaining lease that can last you to at least 95 years old. If you have previously pledged to refund any withdrawn amount from your RA, these savings can also be considered towards meeting the FRS. </span></p><p>
<span style="font-size:0.9em;">[5] RA savings refer to the cash set aside in the RA (excluding amounts such as interest earned, any government grants received) plus amounts withdrawn such as monthly payouts and payout eligibility age lump sum withdrawal.</span></p><p>
<span style="font-size:0.9em;">[6] Refers to net amounts withdrawn for (i) an active investment account under the CPF Investment Scheme (CPFIS)-OA, and (ii) investments under the CPFIS-SA and discounted Singtel shares that have not been completely disposed of.</span></p> | Retirement Sum Topping-Up Scheme | 2139 | 1743 |
| Decide | How much cash top-up or CPF transfer can a recipient receive? | <p>A recipient can receive top-ups from more than one giver so long as the total top-ups do not exceed the maximum top-up amount that he/she can receive.<br></p><p>The recipient can check how much he/she can receive through
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<a href="https://www.cpf.gov.sg/eSvc/Web/PortalServices/WelcomePage">my cpf Online Services</a> > My Messages.<br></p><p>
<img alt="Maximum amount of top-up the recipient can receive" src="/Assets/members/PublishingImages/Topuplimit.jpg" style="width:80%;height:auto;" />
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</p><p>Please click on
<a href="/Assets/members/Documents/Computation_of_amounts_for_recipients.pdf" target="_blank">Computation of amounts for recipients</a> (PDF, 0.1MB) for an example.<br></p> | Retirement Sum Topping-Up Scheme | 2140 | 1744 |
| Apply | How do I make a CPF transfer or cash top-up to build up my retirement savings? | <p>
<img alt="Modes of topping-up" src="/Assets/members/PublishingImages/ModesofToppup_Infographic.png" style="width:100%;height:auto;" />
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<strong>CPF Transfers</strong></p><p>
<strong>(i)
<em>my CPF</em> Online Services</strong></p><ol><li style="margin-bottom:5pt;">Login with your
<a href="https://www.cpf.gov.sg/eSvc/Web/PortalServices/MemberPortalServices">SingPass</a>. </li><li style="margin-bottom:5pt;">Submit an online application via My Requests > Building Up My / My Recipient's CPF Savings. </li></ol><p>
<strong>(ii) myCPF Mobile app</strong></p><ol><li style="margin-bottom:5pt;">Tap on “myCPF” app on your mobile device.</li><li style="margin-bottom:5pt;">Login using your SingPass.</li><li style="margin-bottom:5pt;">Tap on the menu icon on the top left hand corner.</li><li style="margin-bottom:5pt;">Tap on “My Services” -> “Special/Retirement Account Top-Up”.</li><li style="margin-bottom:5pt;">Submit your application.</li></ol><p>
<strong>Cash Top-ups</strong></p><p>
<strong>(i) myCPF Mobile app</strong></p><ol><li style="margin-bottom:5pt;">Tap on “myCPF” app on your mobile device.</li><li style="margin-bottom:5pt;">Login with your SingPass.</li><li style="margin-bottom:5pt;">Tap on the menu icon on the top left hand corner.</li><li style="margin-bottom:5pt;">Tap on “My Services” -> “Special/Retirement Account Top-Up”.</li><li style="margin-bottom:5pt;">Submit your application and make your payment immediately via:</li><ol type="a"><li style="margin-bottom:5pt;">OCBC Pay Anyone app; or</li><li style="margin-bottom:5pt;">eNETS Debit.</li></ol></ol><p>
<strong>(ii) PayNow QR or eNETS Debit via e-Cashier</strong></p><ol><li style="margin-bottom:5pt;">Go to
<a href="https://www.cpf.gov.sg/eSvc/Web/Miscellaneous/Cashier/ECashierHomepage"> e-Cashier</a> and submit your application.</li><li style="margin-bottom:5pt;">Select your payment mode and make your payment immediately via: </li><ol type="a"><li style="margin-bottom:5pt;">Scanning the QR code generated with your bank’s mobile app; or</li><li style="margin-bottom:5pt;">eNETS Debit. </li></ol></ol><p>
<strong>(iii) AXS</strong></p><ol><li style="margin-bottom:5pt;">Go to any AXS station and select payment for top up my own/recipient's RA/SA under the Retirement Sum Topping-Up Scheme (RSTU).</li><li style="margin-bottom:5pt;">Make your payment immediately via the AXS machine.</li></ol><p>
<strong>(iv) GIRO</strong></p><ol start="1"><li style="margin-bottom:5pt;">Use our GIRO facility to make monthly and/or yearly cash top-ups to your own or loved ones’ CPF accounts.</li><div>
Download and complete the latest*
<a href="/Assets/members/Documents/FORM_RSTU_GIROandSI.pdf" target="_blank">Top Up Retirement Sum Using GIRO</a> (PDF, 1.4MB).</div><div>Mail it to:<br>CPF Board<br>Robinson Road P.O. Box 3060 Singapore 905060</div></ol><p>Upon approval of your GIRO application, your GIRO deduction will commence in the following month. The deduction will take place on the 15<sup><font size="2">th</font></sup> of each month. If the 15<sup><font size="2">th</font></sup> falls on a Saturday, Sunday or public holiday, the deduction will be made on the next working day.</p><p>
<span style="font-size:0.9em;">* Submitting the latest version of the form ensures that the necessary details are provided which will help facilitate the application process.</span></p> | Retirement Sum Topping-Up Scheme | 1610 | 1610 |
| Apply | What supporting documents do I need to apply for the Retirement Sum Topping-Up Scheme? | <p>
<strong>For CPF transfers</strong></p><p>Please login to make a CPF transfer to your own/your recipient's CPF account. Login > My Requests > Building Up My / My Recipient’s CPF savings.</p><p>For first-time transfer of your CPF savings, you will need to submit the following documents to prove your relationship with the recipient.</p><ol><li>your marriage certificate for transfer to spouse, if your marriage is registered overseas;</li><li>your birth certificate for transfer to parent(s); </li><li>your and your parent(s)’s birth certificates for transfer to grandparent(s)</li><li>your and your sibling(s)’s birth certificates for transfer to sibling(s);</li><li>your overseas marriage certificate* and your spouse’s birth certificate for transfer to parent(s)-in-law; and/or </li><li>your overseas marriage certificate*, your spouse’s and your spouse’s parent(s)’s birth certificates for transfer to grandparent(s)-in-law</li></ol><p>
<span style="font-size:0.9em;">* Not required if your marriage is registered in Singapore</span></p><p>If you have previously made a CPF transfer to your recipient, you are not required to submit the supporting documents again to make another CPF transfer to the same recipient.<br></p><p>You can submit the documents to us via the following modes:</p><ol><li>E-concierge using your SingPass and follow below steps:<br></li>Step 1: Go to
<a href="https://www.cpf.gov.sg/">cpf.gov.sg</a> and log in using your SingPass by clicking “Login Here”.
<br> Step 2: After logging in, select “My Request” and scroll to the bottom of the page.<br> Step 3: Click on ‘My e-Concierge’ that is within the blue box.<br> Step 4: Please read and accept the condition before clicking “Start”.<br> Step 5: Select “Retirement Schemes --> Retirement Sum Topping-Up Scheme” for the e-Concierge Category.
<br> Step 6: Attach your documents and key in your request.<br> Step 7: Click on "Next".<br> Step 8: Click on "Submit" to confirm your request.<br>
<li>Mail to us at:<br> CPF Board<br> Retirement Schemes Department (RSTU)<br> Robinson Road P.O. Box 3060 Singapore 905060 </li></ol><p>
<strong>For Cash Top-ups</strong></p><p>No supporting documents are required for making top-ups using cash.<br></p> | Retirement Sum Topping-Up Scheme | 2141 | 1745 |
| Apply | How do I know the status of my application? | <p>You can view the transaction online once your application is processed. Log on to
<a href="https://www.cpf.gov.sg/eSvc/Web/PortalServices/WelcomePage"><em>my cpf</em> Online Services</a> > My Statement to view your transactions. No acknowledgement on your application will be sent.</p> | Retirement Sum Topping-Up Scheme | 2142 | 1746 |
| Apply | How long will it take for my RSTU application to be processed? | <p>The time required to process the transaction depends on your mode of application.</p><p>You are encouraged to submit your application via
<a href="https://www.cpf.gov.sg/eSvc/Web/PortalServices/CpfMemberPortalServices"><em>my cpf</em> Online Services</a> or the myCPF mobile app, which will be processed faster as compared to hardcopy forms. The service standards for e-transaction* are as such:</p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:50%;">
<strong>Type of application</strong></td><td class="ms-rteTable-default" style="width:50%;">
<strong>Service Standard</strong></td></tr><tr><td class="ms-rteTable-default">Top up retirement sum using cash</td><td class="ms-rteTable-default"><ul><li>Almost instantly for payments made via PayNow QR or OCBC PayAnyone</li><li>Within the next working day for payments made via eNETS Debit</li></ul></td></tr><tr><td class="ms-rteTable-default">Top up retirement sum using CPF</td><td class="ms-rteTable-default"><ul><li>5 working days upon recipient of application</li></ul></td></tr></tbody></table>
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<span style="font-size:0.9em;">*All hardcopy applications will be processed within 7 working days.</span></p> | Retirement Sum Topping-Up Scheme | 2603 | 1770 |
| Apply | Can I reverse my top-up? | Top-ups under the RSTU Scheme are irreversible and irrevocable.<br> | Retirement Sum Topping-Up Scheme | 2143 | 1747 |