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Anonymous Ang

18 Jul 2020

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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?

Or is this only reflected in next year's income tax? Thank you

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Elijah Lee

18 Jul 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Anonymous Ang,

Your income tax statement for 2020 is for income earned in 2019, along with any reliefs from top ups, etc for 2019.

Hence you will only see the cash top up relief which you performed in Jan 2020 granted to you next year.

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