I have top up 6k for CPF medisave voluntary contribution in Jan 2020 but it does not reflect tax relief in my income tax year of assessment 2020? - Seedly
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Savings CPF Income Tax

Anonymous

Asked 3w ago

I have top up 6k for CPF medisave voluntary contribution in Jan 2020 but it does not reflect tax relief in my income tax year of assessment 2020?

Will it reflect next year income tax? Do i have to manually filed the tax relief or system auto?

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    Elijah Lee, Independent Financial Advisor at Phillip Securities (Jurong East)

    Elijah Lee, Independent Financial Advisor at Phillip Securities (Jurong East)

    Top Contributor

    Top Contributor (Dec)

    Level 10. Unicorn

    Updated 3w ago

    Hi anon,

    For Year of Assessment 2020, the assessment is for income earned from 1 Jan 2019 to 31 Dec 2019.

    Thus if you topped up in Jan 2020, you will have to wait till around Mar 2021 to see it reflected when you are filing your taxes/reliefs.

    CPF board will automatically send the information to IRAS.​​​

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    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
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    Ang Yee Gary, Medicine at National University Of Singapore

    Ang Yee Gary, Medicine at National University Of Singapore

    Level 6. Master

    Answered 3w ago

    Yes it should be reflected

    Check that you don't exceed the cap of 80k in income relief

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    SW
    Shaun WQ Lim

    3w ago

    The relief will be towards 2020’s taxable income since it was topped up in Jan 2020. Which is assessed in 2021.
    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post

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