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ZhiHao

21 Jun 2020

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Is annual limit for CPF contribution ($37,740) applicable to Retirement Sum Top-Up Scheme (RSTU)?

From CPF's FAQ page, it is only mentioned that the annual limit for Voluntary Contributions (VC) is $37,740 and is applicable to two types of VC - one made to all 3 CPF accounts and the other just Medisave Account (MA).

My question is:
For example, my Mandatory Contribution (MC) is $30,000/year, and I did a RSTU of $7,000, and a VC to MA of $7,000. The total CPF contribution for the year is $44,000. Am I exempted from tax for the total $44,000 contributed to CPF in that year?

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Discussion (6)

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Tan Choong Hwee

04 Sep 2021

Investor/Trader at Home

Take note that tax relief for MC is only for the employee portion:

https://www.iras.gov.sg/irashome/Individuals/Lo...

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Daniel Ong

04 Sep 2021

No, RSTU falls outside the annual CPF contribution limit.

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YT

20 Jun 2020

Under the Retirement Sum Topping-Up Scheme, you can top-up your CPF Special Account up to the Full R...

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Does CPF's Annual Limit for voluntary top-ups (i.e. $37,740 cap) work on a 12-month rolling basis or does it reset at a certain time (e.g calendar or financial year)?

What happens when I’ve contributed more than the annual limit of $37,740? Will my employer continue to make CPF contributions, or there’s no further CPF contributions from me and my employer?

Should one prioritise SRS contributions over the Retirement Sum Topping-Up Scheme (RSTU)?

My MIL 79 years old this year, her CPF Retirement account almost empty. If I top up her account using cash as allowance, which scheme is better? The Retirement Sum Scheme or CPF life scheme?

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