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. If your recipient is eligible for the Matched Retirement Savings Scheme, the top-up amount which attracts the matching grant will not enjoy tax relief.

Tax relief only applies to givers and not recipients.

Boost your employees' or platform workers’ retirement savings by making cash top-ups on your employees' or platform workers’ behalf.

By doing so, you will benefit from dollar-for-dollar tax deductions while your employees or platform workers 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 aged 55 and above, you can transfer your OA savings to your Retirement Account (RA). If you would like to transfer your monthly CPF employment contributions regularly from your OA to RA, consider setting up recurring CPF transfers.

The amount you can transfer depends on your age and CPF balances.

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.