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Anonymous

21 Dec 2020

βˆ™

CPF

To earn compound interest for MA and SA since Jan 2021, when must the top up reach the account?

Is it this month instead of Jan? I remember reading about lowest balance in the month, so if Jan top up does it mean the compound interest for this top up value will come only in Feb?

Discussion (1)

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Any voluntary contribution will earn interest on the following month.

But if you want to claim tax relief for this year, you have to do it this month. If you top up in Jan, the tax relief calculation will be for YA2022.

https://www.cpf.gov.sg/members/FAQ/schemes/othe...

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