Vince

21 Jul 2020

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For cash top-up to spouse and children, what is the maximum top-up for each in order to claim tax relief for YA 2021. Spouse is 51, children are 23 and 25. Any advice?

Cpf cash top up so as to maximise tax relief.

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Wrong Sean

21 Jul 2020

https://www.iras.gov.sg/irashome/Individuals/Lo...

Cash top up only tax deductible for self, parents, spouse or siblings. Income threshold applies for spouse and siblings.

Max $7k relief for self and max $7k relief for others.

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Where can I top up my spouse CPF with cash? Is there any specific timing of when I should top up to enjoy the tax relief too?

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If my SA account has reached FRS balance (181k for this year). For tax relief next year, should I top up cash $7K to SA or OA by Dec 2020 or Jan 2021?

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