How should I start planning for tax relief using CPF?

1. SA top-up via RSTU has tax relief. VC to 3 accounts does not have tax relief.

2. Just make sure mandatory + VC do not go past the annual contribution limit of $37,400. RSTU does not count towards this limit. If Medisave hits BHS already, the top-ups will get refunded next year without interest and do not count towards tax relief.

3. The cap is $15,300 for Singaporeans.

4. You can also top up another $7,000 to your loved ones' CPF SA via RSTU (shared limit across all loved ones)

1. Be sure to use the RSTU option instead of VC for the SA cash top up for tax relief.
2. You can only top up to $60K for Medisave account this year. So if your MA is at $60K, your MA cannot be topped up and the tax relief will not apply this year.
3. $15K to SRS should be before 31 Dec for tax relief this year.

Do always check that your employer and employee CPF contributions have not exceeded the annual CPF contribution limit.