Anonymous

25 Aug 2020

∙

If you are above age 55 with cpf>FRS and still working, are you able to withdraw 7k and put in the same 7k for income tax relief?

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Gerald Low

25 Aug 2020

Senior Financial Advisor at Manulife

Nice try! haha 😂

But you can't do that after 55. You can however still make use of SRS for tax relief

Reply

Save

Hariz Arthur Maloy

22 Aug 2020

Independent Financial Advisor at Promiseland Independent

Haha this made me smile. No unfortunately you cannot. :)

Reply

Save

Write your thoughts

Related Posts

After setting aside the FRS, does withdrawal from CPF (from age 55 onwards) incurred income tax?

Can my dad (who is working) and me who is working, contribute to my mum's CPF RA (she currently has zero income, get 7k of tax relief each?

If CPF only allows us to withdraw and get payout after age 55, won't we lose opportunity cost by putting our money to work in other asset classes that can give more than 5% returns?

If I have topped up 7k for RSTU early this Jan and then after I do a transfer from OA to SA to reach FRS, will there still be a tax relief of 7k next year, 2022?

Age 35. OA: 50K, SA: 200K, MA: 65. Can i still do RSTU to get tax relief of $7k? Can i still do VC (there is no cap for VC right?) If i do VC, will whatever amount i top earn earn interest?

Related Posts

After setting aside the FRS, does withdrawal from CPF (from age 55 onwards) incurred income tax?

Can my dad (who is working) and me who is working, contribute to my mum's CPF RA (she currently has zero income, get 7k of tax relief each?

If CPF only allows us to withdraw and get payout after age 55, won't we lose opportunity cost by putting our money to work in other asset classes that can give more than 5% returns?

If I have topped up 7k for RSTU early this Jan and then after I do a transfer from OA to SA to reach FRS, will there still be a tax relief of 7k next year, 2022?

Age 35. OA: 50K, SA: 200K, MA: 65. Can i still do RSTU to get tax relief of $7k? Can i still do VC (there is no cap for VC right?) If i do VC, will whatever amount i top earn earn interest?