Top up to enjoy higher retirement payouts

Receive up to $8,000 tax relief when you make a cash top-up to yourself and up to another $8,000 when you make a cash top-up to your loved ones (parents, parents-in-law, grandparents, grandparents-in-law, spouse and siblings) in each calendar year.

The top-up amount you or your loved ones can receive and tax relief you can enjoy depends on the recipient’s age and CPF balances.

Tax relief only applies to givers and not recipients.

Boost your employees’ retirement savings by making cash top-ups on your employees’ behalf.

By doing so, you will benefit from dollar-for-dollar tax deductions while your employees may enjoy tax relief of up to $8,000.

Help grow the savings of people you care about so they can enjoy higher payouts in retirement.  

Note that such top-ups are not eligible for tax relief.

You can transfer your Ordinary Account (OA) savings to your Special Account (SA) if you are below 55.

If you are above 55, you can transfer your CPF savings to your Retirement Account (RA)*.

How much you can transfer depends on your age and CPF balances.

*Your SA savings will be transferred first, followed by your OA savings

Before transferring your CPF savings to your loved ones, you have to first set aside enough for your own retirement.

The amount of CPF transfers you can make to them depends on how much your loved one can receive, and the amount you can transfer.