Asked on 28 Dec 2019
Are there any limits that I need to know of?
Hi! The amount will be $7,000 for your own account and another $7,000 for your parents or spouse (provided if the spouse is not earning any income).
The optimal amount will be $7,000 for yourself, and another $7,000 for family members. Here are more details about it: https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals/CPF-Cash-Top-up-Relief/
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7000 for your own account and another 7000 for parents/spouse (but only if spouse is not an income earner).