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What is the personal income tax relief cap and why is there a cap on this relief for cash top-ups made?

Updated by CPF
The personal income tax relief cap sets a limit on the total amount of tax relief you can claim.
 
Even though each relief serves a good purpose, some individuals may end up with a significantly reduced taxable income when multiple reliefs are combined. Therefore, tax relief on cash top-ups is also subjected to the personal income tax relief cap.

This information is sourced from CPF.

Topics:

Growing Your SavingsRetirement Sum Topping-Up Scheme

Related questions

How much tax relief can I enjoy when I make cash top-ups?

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What actions do I need to take to file and claim tax relief for my cash top-up?

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How can I find out if I have reached the personal income tax relief cap?

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Why is there no tax relief for top-ups made to my children or non-immediate family?

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