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Do I enjoy tax relief for cash top-ups made to persons with disabilities?


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Updated by CPF
If you are making a cash top-up to a member eligible for the Matched Retirement Savings Scheme (MRSS), including persons with disabilities, the first $2,000 of your cash top-up will enable your recipient to enjoy the matching grant of up to $2,000 per year from the Government and will thus not be eligible for tax relief.
 
You can continue to enjoy tax relief of up to $16,000 a year for your cash top-ups that do not attract the MRSS matching grant ($8,000 per year for top-ups to yourself and another $8,000 per year for top-ups to your loved ones).
 

This information is sourced from CPF


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