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How does the closure of my Special Account affect the amount of tax relief that I can earn when I top up my Retirement Account in cash?



Source: https://www.cpf.gov.sg/member

For members 55 and above, with the closure of your Special Account (SA), your SA savings which are non-withdrawable will be transferred to your Retirement Account (RA), up to your Full Retirement Sum (FRS) to increase your monthly payouts.

Tax relief is only for cash top-ups up to the current FRS, and this has not changed. You can continue to enjoy tax relief on such top-ups within the current FRS.

This information provided here is sourced from the CPF website.

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