Can I voluntarily top-up to my Ordinary Account only?
Voluntary top-ups cannot be made solely to the Ordinary Account.
You can make voluntary top-ups to:
- Special / Retirement Account only under the Retirement Sum Topping Up Scheme (RSTU) (tax relief available).
- MediSave Account only (tax relief available)
- CPF accounts
Voluntary top-up is applicable to Singapore Citizens and Permanent Residents only.
You can find out more on which voluntary top-up is applicable to you.
To make a top up to MediSave Account and/or CPF accounts, you are required to be up-to-date with your MediSave payable (paid in full or on an active GIRO plan) under the Self-Employed Scheme. You may make payment for your MediSave payable via the payment modes.
Tax relief is only applicable to self-employed persons, based on their assessable net trade income for the year of assessment. Find out more about tax relief for self-employed persons.
This information is sourced from CPF
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