You can view the estimated tax relief when making top-up via the Cash Top-ups and CPF Transfers for Retirement Form.

 

You can enjoy tax relief on cash top-ups made each calendar year, up to:

• $8,000 when you or your employer/ platform operator tops up your own Special Account (SA)/ Retirement Account (RA); and
• Another $8,000 when you top up your loved ones' SA/RA.

This means you can receive up to $16,000 in tax relief per year by topping up both your own account and those of your loved ones.

 

Here are some important things to note:

Notes	Elaboration
Tax relief up to Full Retirement Sum (FRS) only	Tax relief is only granted up to the current year's FRS.
Giver enjoys tax relief	Tax relief is enjoyed by the giver of the cash top-ups, not the recipient.
Tax deduction for employers/ platform operators	Employers/ platform operators may also claim tax deductions on cash top-ups made separately.
Shared cap with MediSave top-ups	The $8,000 tax relief cap on cash top-ups to your own SA/RA is shared with cash top-ups to your MediSave Account (MA). This shared cap also applies to the $8,000 cap on tax relief for top-ups to loved ones' SA/RA.

From 1 January 2025, cash top-ups that qualify for the Matched Retirement Savings Scheme (MRSS) (up to $2,000 matching per year) will no longer enjoy tax relief. Find out more.