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What are the conditions for me to enjoy tax relief to Special Account or Retirement Account?

Updated by CPF
Use Cash Top-ups and CPF Transfers for Retirement Form to view the tax relief you will receive on your top-up and make your cash top-up.
 
Only cash top-ups qualify for tax relief, and it depends on who you are topping up to and whether the amount is up to current year’s Full Retirement Sum (FRS).
 

Who you top up for

Maximum tax relief per year

Conditions

Yourself

Up to $8,000 for both

Only up to current year’s FRS

Employee/platform workers

Loved one

Up to $8,000 across all loved ones
  • Only up to current year’s FRS
  • Spouse/sibling must have annual income ≤ $8k in previous year or is handicapped*
*Handicapped refers to people who are incapacitated because of physical or mental infirmity.
 
Important notes
  • Matched Retirement Savings Scheme (MRSS): From 1 Jan 2025, top-ups that qualify for the MRSS matching grant (up to $2,000/year) will no longer enjoy tax relief. Find out more on how this works.
  • Shared cap with MediSave Account (MA): $8,000 tax relief cap shared across top-ups to Special Account (SA)/ Retirement Account (RA) or MA.
  • Overall tax relief cap: Your total personal income tax relief (including CPF top-ups) is capped at $80,000/year.
Learn more about tax relief.

This information is sourced from CPF.

Topics:

Growing Your SavingsRetirement Sum Topping-Up Scheme

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