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Anonymous
Hi, if I am not wrong, I have read that the amount is 7k for spouse that is eligible for tax relief? Thanks.
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Tan Choong Hwee
25 Jul 2021
Investor/Trader at Home
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You can top up to your spouse's SA for under 55 (or RA for above 55) up to prevailing FRS ($186k this year) any time in the year. You will enjoy up to $7k tax relief if you do cash top up and your spouse's annual income doesn't exceed $4k in the preceding year (see attached image):
https://www.iras.gov.sg/irashome/Individuals/Lo...