Hi! For a self employed person (property agent), is the max top up eligible for reducing taxable income $8k (own cpf top up) + $8k (top up family member’s cpf) ? Total $16k, or can be more? Thanks!

For SEP (Self Employed Person), you can also VC3AC (Voluntary Contribution to 3 Accounts) to get tax relief (this is in addition to the $16k tax relief you mentioend). The total tax relief for mandatory MA contribution and VC3AC is capped at the lower of the following 3 items:

1. 37% of your NTI (Net Trade Income)
2. Annual limit of $37740
3. Actual contribution amount

See IRAS website on this tax relief:

https://www.iras.gov.sg/taxes/individual-income...