CPF Topup With Tax Relief Increased to $8,000

Published on November 2, 2021

There is a new CPF Amendment Bill in 2021.

Starting from 2022, we can topup $8,000 to Parent’s Retirement Account, and another $8,000 to our Special Account, while enjoying tax relief. This can lower your income tax.

Previously it is only $7,000. So if you’re topping up in 2021, remember the tax relief is still $7,000.