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Anonymous
If my CPF SA account is already at FRS ($181k)
Can i invest some money from SA account so that the SA sum is below FRS amount and top up $7k cash to qualify for tax exemption?
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Hariz Arthur Maloy
11 Jun 2020
Independent Financial Advisor at Promiseland Independent
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Hi Anon, no you cannot. The FRS cap for top ups is inclusive of amount used for investment. So you cannot do an RSTU after FRS is met.
Consider SRS instead of you're still planning to save some money on tax.