article

You will be allowed tax relief for your share of the mandatory CPF contributions. You will not need to pay tax on your platform operators’ share of mandatory CPF contributions (if any).

 

 

For voluntary contributions, the tax relief is dependent on your opt-in status:

• If you are mandated or have opted-in, tax relief will be allowed on voluntary CPF contributions to all three accounts during the transitional period from 2025 to 2028, subject to a cap (based on the difference in the contribution rate in 2029, and the contribution rate as at 31 December of the year in which the voluntary contribution is made). Once the mandatory CPF contribution rates have fully aligned with that for employees by 2029, only mandatory CPF contributions will be eligible for tax relief, similar to employees who do not enjoy tax relief for their voluntary CPF contributions to three CPF accounts.
• If you are not mandated and do not opt in for increased CPF contributions, you will enjoy the same tax relief as self-employed persons. Please refer to this FAQ for more information.

Regardless of your opt-in status, you are eligible for CPF cash top-up relief if your platform operator makes cash top-ups on your behalf to your Retirement Account/ Special Account/ MediSave Account. This is aligned with the current treatment for employees.