2020 has been a year marked by fear and uncertainty and we are finally concluding it in a few weeks' time. As the year comes to an end, it is reasonable to start looking for ways to reduce tax bills for the Year of Assessment 2021. One option for tax deduction is to look no further than our own pension system, CPF. In addition to tax planning, it offers an avenue to grow retirement funds reliably, especially in the chaotic world we live in. There are 4 different ways that you can top up your CPF savings which are categorized under the branches of Voluntary Contribution (VC) and Retirement Sum Topping-Up Scheme (RSTU) as follows: Source: Are You Ready? by CPF Board 1. VC - Topping up Medisave with Cash The benefits of making voluntary cash contribution to the Medisave Account (MA) has been discussed in details previously.  ...