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Anonymous

07 Feb 2022

CPF

Top up CPF retirement account

I have met the minimum requirement and if i choose to top up the RA, can i enjoy the tax relief ? Or can my children top up for me and enjoy tax relief?

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I have ERS at 55 year old, does it make sense to top up my ERS again when I am 56?

Tan Choong Hwee

07 Feb 2022

Investor/Trader at Home

If you have met FRS in RA at 55, you can top up RA to prevailing FRS for up to $8k tax relief in subsquent years. Or your children can enjoy up to $8k tax relief by topping up your RA to prevailing FRS in subsequent years.

Any top up beyond prevailing FRS won't have tax relief.

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