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Anonymous
$2.5k isn't a lot but I've heard about the benefits of topping up CPF in the long run, just wondering if investing is a better option instead?
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Jiayee
20 Dec 2020
Salaryman at some company
My main reason for topping up CPF is not just the interest but also the significant income tax reliefs. Without the reliefs, I'm hesitant to lock up my cash.
If I were you, I would invest my spare cash. I will only consider topping up CPF when I reach a higher tax bracket and the income tax reliefs are "worth it".
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Shengshi Chiam, CFA
18 Dec 2020
Personal Finance Lead at Endowus
Hi Anon,
There are 2 key benefits to topping up CPF.
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If you want it, yes you can. You even get to enjoy some tax relief along the way :)