As your income gets higher, the tax bill starts becoming bigger. Hence, tax relief ideas start to benefit you more. Do note also that the max tax personal relief cap is $80,000. 

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h2 data-css=”tve-u-17e4ebd0e45″ style=”background-color: rgb(249, 218, 218) !important;” class=””>Recent CPF changes One key change from CPF rule changes announced in dec2021 is that From Jan 1, 2022, Voluntary Contributions to MediSave Account will only depend on the Basic Healthcare Sum (BHS). Previously, it also depended on the CPF Annual limit.
In addition, the Voluntary contribution to medisave account now shares the $8,000 limit for tax relief for voluntary contributions.
All in all, this means that everyone will be entitled to do TOP up on 1jan2022 because employers haven’t paid CPF yet. 

Read Article: Are The CPF Rule Changes Good Or Not?

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h2 data-css=”tve-u-17e50865b62″ style=”background-color: rgb(249, 218, 218) !important;” class=””>What is medisave Basic Healthcare Sum BHS? The