Annual Tax Relief for CPF Top Up

29/03/2022

With effect from 1 January 2022, an individual can enjoy annual tax relief of:

up to $8,000 (previously $7,000) when one tops up to one’s own Special/Retirement Account and/or MediSave Account; AND-
an additional tax relief of up to $8,000 (previously $7,000) when you top up your loved ones’ Special/Retirement Account and/or MediSave Account.

More details can be found on CPF Board website.

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