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Anonymous

20 Dec 2020

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If I top up $2000 to my CPF SA account, will my income tax for that year be $2000 less (tax relief)?

If I top up my CPF SA account, how will that affect my income tax for that year?

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Yong Kah Hwee

20 Dec 2020

Chargeable income will be reduced, hence the tax you need to pay will be reduced according to the tax bracket you fall into~

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Evelyn

17 Dec 2020

If you top up $2000 to your SA via RSTU, your chargeable income will be reduced by $2000. Not your income tax!

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Jiayee

17 Dec 2020

Salaryman at some company

If you are topping up CPF SA via RSTU, the taxable income will reduce accordingly (max reduction is ...

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CPF top up to Special Account - After hitting the SA limit, can I invest using SA such that I do not meet the limit and top up SA with cash for tax relief? After top up, I liquidate back to SA.

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?

If my SA account has reached FRS balance (181k for this year). For tax relief next year, should I top up cash $7K to SA or OA by Dec 2020 or Jan 2021?

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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