Anonymous
Posted on 26 Sep 2018
Some people mentioned we could top up their CPF to get more tax rebate. Is it a good way to give our parents the allowance? Also would be good to hear more hacks to this
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3 answers
Discussion (3)
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Updated on 07 Jun 2019
Top up MA is good. Because old people tend to use more medical claim. Plus, CPF MA or SA/RA got higher interest rate.
If your parent not in immediate need of money, CPF top up is good.
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Question Poster
27 Sep 2018
Thanks for your input! What if my parents are already more than 65? Does this still work?
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Serene Toh
Posted on 14 Nov 2018
Asked my parents if they want me to gave cash or top up CPF. They say cash. The cash helps them deal with their daily expense. CPF too complicated for the elderly to deal with. (They are way pass retirement already)
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Kenichi Xi, nᴉʍ oʇ dǝnᴉʇsǝd 不能说的秘密 at Tag Team with Gabriel Tham
Updated on 07 Jun 2019
Allowance for Parent and Tax Rebate need not be done together.
Usually allowance are for Parents...
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