Only cash top-ups qualify for tax relief, and it depends on who you are topping up to and whether the amount is up to current year’s Full Retirement Sum (FRS).
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Who you top up for
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Maximum tax relief per year
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Conditions
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Yourself
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Up to $8,000 for both
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Only up to current year’s FRS
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Employee/platform workers
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Loved one
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Up to $8,000 across all loved ones
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- Only up to current year’s FRS
- Spouse/sibling must have annual income ≤ $8k in previous year or is handicapped*
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*Handicapped refers to people who are incapacitated because of physical or mental infirmity.
Important notes
- Matched Retirement Savings Scheme (MRSS): From 1 Jan 2025, top-ups that qualify for the MRSS matching grant (up to $2,000/year) will no longer enjoy tax relief. Find out more on how this works.
- Shared cap with MediSave Account (MA): $8,000 tax relief cap shared across top-ups to Special Account (SA)/ Retirement Account (RA) or MA.
- Overall tax relief cap: Your total personal income tax relief (including CPF top-ups) is capped at $80,000/year.
