Benefits and analysis If one tops up at least $600 a year for 5 years, the total amount the government would match is $3,000. As a Retirement Sum Topping Up (RTSU) top-up, there is also a dollar-for-dollar tax relief of up to $7,000 per year. This scheme is targetted at seniors who have not met their CPF Basic Retirement Sum, and I have my reservations whether such individuals would be able or willing to give up cash liquidity for more CPF Life payouts in future. The tax savings for them will also be relatively low since they need to earn less than $4,000 a month to qualify. If you’re a working adult with aged parents, however, particularly if you have a higher income and your parents depend on you for retirement, I think you may find this compelling enough to start topping up your parents’ CPF for the following reasons:

• topping up your parents’ CPF builds up their CPF Life payouts in future,

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