It is the tax season again whereby every dutiful Singapore contributes to nation building. Heartland Boy would like to introduce the CPF Retirement Topping-Up Scheme and the importance of it when filing for your income tax. Heartland Boy is confident that that almost every young working adult can take advantage of the CPF Retirement Topping-Up Scheme to immediately reduce his or her income tax expense.
How the CPF Retirement Topping-Up Scheme works
The
CPF Retirement Topping-Up Scheme allows CPF members to build up their retirement nest by topping up your own or your loved ones’ accounts. The added beauty of this scheme is that members can also qualify for CPF Cash Top-Up Relief during the process, provided that the following criteria are met:
| Below 55 |
Use cash to top up your Special Account and that your cumulative CPF balances do not exceed the Full Retirement Sum*. |
| Above 55 |
Use cash ... |
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