Hi all! Would like to enquire about income tax relief for topping up parent’s CPF account. Any advice if there is an income threshold for parents? - Seedly
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Anonymous

Asked 3w ago

Hi all! Would like to enquire about income tax relief for topping up parent’s CPF account. Any advice if there is an income threshold for parents?

I viewed IRAS’s FAQ and the website only mentioned the spouse or sibling must not earn more than $4k. The website did not mention if there is any income threshold for parents. Reason being I want to top up my mom’s CPF account but she intends to find a job.

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Hi anon,

There is no income threshold for parents. As stated on the IRAS website:

This income threshold does not apply to parents, grandparents, handicapped spouse or handicapped siblings.

So even if she finds a job, it won't affect you topping up her CPF SA/RA.

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The income threshold of $4k per year only applies to spouse and siblings.

Parents and grandparents aren't subjected to income threshold.

Maximum top up relief for tax would be $7k for family members (regardless of threshold or not).

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Tay WenHao
Tay WenHao
Top Contributor

Top Contributor (Jun)

Level 7. Grand Master
Updated 2w ago

If you referring to RSTU, tax relief is $7k/yr for yourself and additonal $7k/yr for your loved ones (1 pax only) so max is $14k/yr.

Theres no restriction / requirement for income threshold for parents

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