How to top up CPF for tax relief

If you are single in your 20s, you can get up to $7000 personal income tax relief by topping up your CPF SA account.

Read these sources if you'd like to read more details: IRAS & Seedly.

And here's how you can get started:

1. Login to your CPF page

• Head to www.cpf.gov.sg
• Click "Login"
• Key in your Singpass ID & password

2. After signed in, click on "My Requests"

• Expand the "Building Up My / My Recipient's CPF Savings" by clicking on the "+" button.
• For ease of top up, I recommend clicking on this option: "PayNow QR or eNETS using e-Cashier"

3. Fill in your NIRC & Select "Top up my own/recipient's SA under the Retirement Sum Topping-Up Scheme"

4. Follow the procedure

• Tick on the Terms & Agreement.
• Click next which navigates you to fund transfer page.
• Scan QR code using your PayNow app.

5. Upon fund transfer, go back to "my cpf Home" tab, and you'll notice that your SA fund has been updated. For example, I topped up $6900 and saw my SA balance increased from $26.6K to $33.5K.

You don't have to do additional step to claim your tax relief, IRAS will receive records sent by CPF board & grant the tax relief automatically.

To learn more, visit IRAS' official guide here.