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HL Low

18 Nov 2022

∙

Does topping up your own CPF MA account get Income Tax Reliefs?

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YOC

10 Dec 2022

Yes max 8k

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Ace

22 Nov 2022

Yes. as long as not $8K within 1 year... best to top up in Jan every year/when premiums get deducted (middle of year)/when used.

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Tan Choong Hwee

18 Nov 2022

Solutions Specialist at Providend

Yes, you get up to $8k tax relief doing VCMA. This up to $8k tax relief is shared with RSTU to your ...

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Hi all! Would like to enquire about income tax relief for topping up parent’s CPF account. Any advice if there is an income threshold for parents?

If I top up $2000 to my CPF SA account, will my income tax for that year be $2000 less (tax relief)?

Does voluntary top up to our CPF MA counts towards reduced income tax? Or does it only count for CPF SA top up?

You stand to receive a tax relief of up to $14,000 from topping up your or your families’ CPF accounts. Are there any conditions to take note of where this tax relief is concerned?

I did a cash top up to my CPF Medisave early this year in Jan 2020. However, my income tax statement for 2020 did not reflect the tax relief for my cash top up. Am i missing something?

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