You can enjoy an equivalent amount of tax relief for cash top-ups made in each calendar year of up to:

 

• $8,000 if you make a top-up to yourself; and
• an additional $8,000 if you make a cash top-up to your loved ones.

Please note that only cash top-ups up to the current year’s Full Retirement Sum (FRS) are eligible for tax relief. Log in with your Singpass to find out how much you can top up to yourself. If you make cash top-ups to your loved ones, please note that the tax relief does not apply to your recipients. Find out the conditions to qualify for tax relief.

 

If your employer or platform operator made a cash top-up on your behalf, you could receive up to $8,000* of tax relief per calendar year. If you are an employer or platform operator making cash top-ups to your employees' or platform workers’ Special/ Retirement accounts, you may claim tax deduction on the cash top-ups when filing your company’s income tax return

 

* Includes any tax relief that the employee or platform worker would enjoy for cash top-ups made to himself.

 

From 1 January 2025, givers of cash top-ups that attract the matching grant (up to $2,000 per year) under the Matched Retirement Savings Scheme (MRSS) will no longer receive tax relief. Find out more on how this works.