If you are mandated or have opted in for increased CPF contributions:

 

• you will be allowed tax relief for your share of the mandatory CPF contributions. You will not have to pay tax on your platform operators’ share of mandatory CPF contributions.

• during the transitional period from 2025 to 2028, tax relief will also be allowed on voluntary CPF contributions to all three accounts, subject to a cap (based on the difference in the contribution rate in 2029, and at the contribution rate as at 31 December of the relevant year in which the voluntary contribution is made).

• once the mandatory CPF contribution rates have fully aligned with that for employees by 2029, only mandatory CPF contributions will be eligible for tax relief, similar to employees who do not enjoy tax relief for their voluntary CPF contributions to three CPF accounts. 

If you are not mandated and do not opt in for increased CPF contributions, you will enjoy the same tax relief as self-employed persons. If you make voluntary CPF contributions to all three CPF accounts, both your mandatory and voluntary CPF contributions will continue to be eligible for tax relief of up to 37% of your net trade income or $37,740, whichever is lower. 

 

Regardless of your opt-in status, you are eligible for CPF cash top-up relief if your platform operator makes cash top-ups on your behalf to your Retirement Account/ Special Account/ MediSave Account. This is aligned with the current treatment for employees.