facebookIf my CPF SA account is already at FRS ($181k), can i deploy or invest some money from SA account so that the SA sum is below FRS amount and then top up $7k cash to qualify for tax exemption? - Seedly

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Anonymous

11 Jun 2020

CPF

If my CPF SA account is already at FRS ($181k), can i deploy or invest some money from SA account so that the SA sum is below FRS amount and then top up $7k cash to qualify for tax exemption?

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?

Discussion (1)

What are your thoughts?

Hariz Arthur Maloy

Hariz Arthur Maloy

11 Jun 2020

Level 15·Independent Financial Advisor at Promiseland Independent

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.

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