You know you are always behind when it is towards the last day before the new year and you are rushing towards finding reliefs for your tax assessment before it closes. This year, I am leaving it again to the last minute month of the year as cashflow was struggling a little bit in the earlier months and I have finally some spare cash to devote to CPF in order to boost my future retirement income. The more intriguing part of this topping up aspect is of course the tax deduction relief which plays a big factor for me in trying to reduce my overall assessment. A quick back envelope calculation tells me that I will be able to “save” a total amount of $7k x 11.5% = $805 right away, without even taking into account future 4% per annum benefits on this top up that I made. From …