Hi all! Can I know how much to top up Special account in CPF to enjoy the maximum tax relief? - Seedly
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CPF SA

Income Tax

Wai Kei

Asked on 28 Dec 2019

Hi all! Can I know how much to top up Special account in CPF to enjoy the maximum tax relief?

Are there any limits that I need to know of?

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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).

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I
IC
Level 3. Wonderkid
Updated on 01 Jan 2020

Most important is net SA must be less than FRS to have tax relief and personal income tax relief cap of $80,000

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Wilson Nid A Break
Wilson Nid A Break
Level 9. God of Wisdom
Answered on 31 Dec 2019

Today's the last day! $7k max

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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/

Here is everything about me and what I do best.​​​

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7000 for your own account and another 7000 for parents/spouse (but only if spouse is not an income earner).

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Kenny Ng
Kenny Ng
Level 4. Prodigy
Answered on 01 Jan 2020

For SA RSTU top up, 7K personal, 7K parents/grandparents so 14K annually. ​​​

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