By MoneyBees
Check your YA 2026 Parent Relief: S$9,000 or S$5,500 per parent, S$14,000 or S$10,000 with disability, the S$8,000 income test, sharing with siblings and the tax saved.
S$9,000 per parent or grandparent who lives with you, or S$5,500 if they live apart and you spent at least S$2,000 supporting them. Parent Relief (Disability) is S$14,000 or S$10,000. You can claim for up to 2 dependants.
Your parent's annual income in 2025 must be S$8,000 or less. IRAS raised it from S$4,000 from YA 2025. It counts taxable income, tax-exempt income such as interest, dividends and pensions, and foreign income, but not CPF payouts.
Yes. Siblings who all support the same parent can split the relief by an agreed share. The total for that parent stays the same: S$9,000 if the parent lives with any of you, S$5,500 if not.
Yes. Parents, grandparents, parents-in-law, grandparents-in-law, step-parents and adoptive parents all count, if they meet the conditions.
IRAS now calls it Parent Relief (Disability). It is S$14,000 if the parent lives with you and S$10,000 if not. The age and income tests do not apply.
Yes. All your personal reliefs together are capped at S$80,000 a year, so Parent Relief can be cut if your other reliefs are already large.
Yes. You can claim the full amount for YA 2026 if your parent died in 2025 and you met the conditions, but not from YA 2027.
No. Once anyone claims Parent Relief on a parent, no other reliefs can be claimed on that parent by anyone else. The one exception: a working mother can claim both Grandparent Caregiver Relief and Parent Relief on the same parent.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).