Anonymous

18 Apr 2019

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What are the conditions to take note for not getting tax relief after topping up cpf for self or family member?

The maximum CPF Cash Top-up Relief per Year of Assessment (YA) is $14,000 (maximum $7,000 for self, and maximum $7,000 for family members). And it will assist in tax relief. But what others conditions that will contribute you not to get the tax relief?

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Yixiong Chang

29 Nov 2018

The total income of the family member u topped up cannot exceed $4,000 in the preceding year.

Personal tax relief is capped at $80k. But for normal folks we will not reach it. =D

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Related Posts

You stand to receive a tax relief of up to $14,000 from topping up your or your families’ CPF accounts. Are there any conditions to take note of where this tax relief is concerned?

Hi! For a self employed person (property agent), is the max top up eligible for reducing taxable income $8k (own cpf top up) + $8k (top up family member’s cpf) ? Total $16k, or can be more? Thanks!

If today you’re a self employed and have $20k set aside for tax reduction, which would you choose and why? CPF voluntary contribution VS CPF Cash Top up relief VS SRS contribution?

If my parents did not withdraw their CPF and they meet all requirements to withdraw anytime, can they withdraw and then I do voluntary top up to get tax relief?

Does topping up your own CPF MA account get Income Tax Reliefs?