If I have topped up 7k for RSTU early this Jan and then after I do a transfer from OA to SA to reach FRS, will there still be a tax relief of 7k next year, 2022?

Hi anon

Yes, you did the RSTU already via cash, so that will count towards your relief.

As for your other queries:

1) Yes. SA has no ceiling unlike MA.

2) No, SA interest is still credited to SA even if you are already beyond FRS. MA interest would now be credited to OA if you have reached BHS and FRS.

Under the RSTU scheme, you would get $7k of tax relief for this year's assessment, which is also the max tax relief per year you can get for topping up your own SA/RA account.

As for your OA to SA transfer, it won't have any tax relief unfortunately.

Cheers!

- Jeffrey (jeffreyleezq.com)​​​