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Help your loved ones and employees grow their retirement savings by making a cash top-up under the Retirement Sum Topping-Up Scheme. Scheduled Maintenance: CPF digital services will not be available on 23 Jun 2024, from 12am to 5am.
You can top up to yourself, your children or your loved ones’ three CPF account(s) via e-Cashier to build up CPF savings.
Benefits. Why make top-ups to your CPF accounts? 1. Grow your CPF savings. Making regular top-ups help build CPF savings for your retirement, housing and healthcare needs. The earlier you start, the more savings you can build. 2. Tax relief for self-employed persons.
CPF Cash Top-up Relief is given to encourage Singaporeans and Permanent Residents to set aside money for retirement needs either in their own CPF accounts or those of family members. To qualify for the tax relief for Year of Assessment 2024, you must: 1. be a Singapore Citizen/Permanent Resident; and.
Jun 3, 2024 · Last updated 12d ago. You can make a top-up via Top up CPF accounts using PayNow QR 1. You will be prompted to key in your Recipient's NRIC/CPF Account Number if you are making a top-up on another person's behalf.
Apr 10, 2023 · One of the easiest ways to earn tax relief is by topping up your CPF savings via the Retirement Sum Topping-Up Scheme (RSTU). By making regular cash top-ups to your CPF savings, you can enjoy tax relief of up to $8,000 a year, and at the same time grow the savings that will be used to fund your dream retirement!
You can make a cash top-up to yourself or your loved ones via the CPF website or CPF mobile app. Your cash top-up will generally be credited almost instantly upon successful payment. Consider making regular monthly or yearly cash top-ups conveniently via GIRO, without the hassle of completing the application form every time you top up.
You can make a top-up via Top up MediSave Account using PayNow QR 1. You will be prompted to key in your Recipient's NRIC/CPF Account Number if you are making a top-up to your loved ones. You are encouraged to make top-ups early.
Maximum relief claimable. $14,000. $16,000. From YA2023 onwards, the tax relief for cash top-up has expanded to include cash top-ups to self and family's Medisave Account (not allowed if the recipient is a self-employed person with outstanding Medisave liabilities). Please also take note of the Full Retirement Sum (FRS) limit and Basic ...
Jan 4, 2022 · Instead of letting the money you give to your parents sit idle in a bank account, using the same amount to top-up your parents’ CPF RA will give you a better return on capital. Not only is CPF Life monies guaranteed by the government, but it also provides high, risk-free returns of up to 6% p.a.
