Welcome to part 2 of my basic personal income tax planning series! In this series of posts I hope to cover the following topics:

Tax reliefs CPF Cash Top Up Supplementary Retirement Scheme Bringing it all together – How to best utilise these reliefs to your advantage

In this part, I will cover how topping up your CPF can be used as a tool to mitigate your tax bill. As mentioned in Part 1, there are 2 ways to top up your CPF to obtain reliefs:

Top up your / your family member’s Special Account (SA) / Retirement Account (RA) Voluntary contributions to your Medisave Account (MA) Topping up of SA / RA

The Retirement Sum Topping Up Scheme (RSTU) allows you to top up your / your family member’s SA / RA with cash gives you a dollar for dollar tax relief of up to $14,000 ($7,000 for