What's the maximum tax relief for top-up to MA or/and SA?

Furball,

Max tax relief for RSTU to SA/RA is $14K, comprising of

1. $7K directed at your own account
2. $7K directed at the account of

• Parents or Parents-in-law;
• Grandparents or Grandparents-in-law;
• Spouse; and/or
• Siblings

Provided that

• SA is not at FRS and beyond (You won't be allowed to top up past FRS)
• RA is not at FRS and beyond (You will be allowed to top up, but won't get a tax relief)
• Your spouse or siblings do not have an earned income of more than $4K a year

For MA top up (voluntary contribution), your tax relief is given to the lowest of the following:

• Voluntary cash contribution directed specifically to Medisave Account or
• Annual CPF contribution cap for the year, less Mandatory Contribution (MC)*
• Prevailing Basic Healthcare Sum(BHS)^, less the balance in Medisave Account before the voluntary cash contribution.

You'll need to do your sums for the MA-VC as it is far trickier than RSTU.

These two tax relief caps are seperate.

Hope it helps.

A lengthy discussion with some comments on some examples (maths included) can be found here:

https://seedly.sg/questions/income-tax-question...

Hi Furball, the total tax relief of voluntary top-up to self is $7,000, so both ways that you have mentioned are applicable.