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HL Low

26 Dec 2023

∙

If I contribute my CPF by topping up on 31st Dec 23. Does this top up consider Year 2023 tax relief or Year 2024 tax relief?

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Robert Chui

02 Jan 2024

I wouldnt leave it to the last min if possible to avoid this risk

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Stella

30 Dec 2023

Its good to top up early of Jan 2024

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Billy

26 Dec 2023

Development & Acquisitions Manager at Real Estate Private Equity

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

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Related Posts

I have top up 6k for CPF medisave voluntary contribution in Jan 2020 but it does not reflect tax relief in my income tax year of assessment 2020?

Is it worth doing cash top up to CPF (~$500) for tax relief if my tax is only $10? At which threshold should I consider cash topup to CPF instead? (Assuming I have already exhausted all other relief)

If today you’re a self employed and have $20k set aside for tax reduction, which would you choose and why? CPF voluntary contribution VS CPF Cash Top up relief VS SRS contribution?

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?

Income year assessment is from 1 Jan 2019 to 31 Dec 2019 right? Means i must faster top up $7k to my SA if i want the tax relief for financial year 2019 is it?

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