How is CPF tax relief calculated for people with contributions starting mid-year? - Seedly
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Savings CPF Income Tax

Anonymous

Asked 4w ago

How is CPF tax relief calculated for people with contributions starting mid-year?

I want to make a voluntary contribution to Medisave to increase my tax relief, but unable to determine maximum allowed tax relief as I have started my CPF contributions from mid of this year (due to residency status change as Permanent Resident). I am confused if the 'annual CPF contribution cap' of $37,740 applies to my case as well.

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    JK, Salaryman at Random Company

    JK, Salaryman at Random Company

    Level 4. Prodigy

    Answered 3w ago

    Basically, any amounts that your employer had taken out of your salary to put into your CPF. Take note that it is only the amounts taken out of your salary, not the additional portion that your employer pays for your CPF.

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    Question Poster

    3w ago

    Thank you
    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post

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