Is employer CPF contribution taxable?

The good news is that the mandatory 17% CPF contribution by your employer is not taxable. :)

Cheers.

- Jeffrey (jeffreyleezq.com)

No, mandatory CPF employer contribution is not taxable. If they give you extra then yes it is.

Additional ways to enjoy income tax relief:

• SRS contributions: But your SRS earns paltry interest so make sure you invest it.

• CPF top-ups: you can top up to your own account, or your parents' accounts if they fall short of the BRS.

• Parental support allowance: up to a quantum of $9000, but only one child can claim this. So if your older sibling has already claimed the full quota, then you can't.

• Donations to charity: donations are 250% tax-deductible. I.e., I donate $1000, I get $2500 worth of tax relief.

CPF/SRS contributions are irreversible so think carefully before making top-ups.

Lastly, maximum income tax relief is capped at $80,000, so no point going beyond that amount as you will not be getting further benefit.​​​