By MoneyBees
Work out the tax you save on 2026 cash top-ups: up to S$8,000 for yourself and S$8,000 for family, only up to the S$220,400 FRS, with no relief on top-ups matched under MRSS.
Up to S$8,000 a year for top-ups to yourself and up to S$8,000 for top-ups to family members, S$16,000 in all. The relief equals the cash you top up, within those caps.
Yes. Cash top-ups to your own SA or RA and your own MediSave share one S$8,000 cap. Top-ups to loved ones' accounts share the other S$8,000.
Relief is given only on top-ups up to the current Full Retirement Sum, S$220,400 in 2026, less the savings already in the SA or RA. From 55 you can top up to the S$440,800 ERS, but the part above the FRS gets no relief.
Only if they earned S$8,000 or less in the year before the top-up, or have a disability. The limit was S$4,000 up to YA2024. Parents, grandparents and in-laws have no income condition.
No. From top-ups received on 1 Jan 2025, the part matched by the MRSS grant gets no relief. Top up S$3,000 to an eligible parent and the first S$2,000 is matched, while the other S$1,000 earns relief.
In the following Year of Assessment. A top-up received by CPF Board by 31 Dec 2026 gives relief in YA2027. IRAS grants it automatically.
Yes. All your personal reliefs together, including top-up relief, are capped at S$80,000 a year.
No. Only cash top-ups earn relief. Moving money from your own CPF accounts to your SA, RA or a family member's account does not.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).