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Why are cash top-ups beyond Full Retirement Sum not eligible for tax relief?
Givers enjoy tax relief for cash top-ups up to the current Full Retirement Sum (FRS). This is in line with the intent of tax relief benefits to encourage cash top-ups to members with lower to average CPF retirement balances.
This information is sourced from CPF.
Related questions
What are the conditions for me to enjoy tax relief to Special Account or Retirement Account?
How is tax relief computed for my cash top-ups to Special Account/Retirement Account?
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Do I need to top up my Retirement Account and will I receive monthly payouts if I am unable to set aside my Full Retirement Sum?
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Why are CPF transfers not eligible for tax relief?
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