The CPF Minimum Sum (MS) Topping-Up Scheme allows you to give top-ups to yourself and/or your loved ones’ Special Accounts (for recipients below age 55) or Retirement Accounts (for recipients age 55 and above). Such gifts help build up the MS and can come from your CPF or in cash.
To make a top-up using your CPF for your loved ones*, the net balances in your Ordinary and Special Accounts, including amount withdrawn for investments, must be more than the prevailing Minimum Sum. Only Ordinary Account balances can be used for the top-up.
You can also enjoy tax relief of up to $7,000 per calendar year, if you or your employer uses cash to make top-ups for you. Your employer will receive an equal amount of tax deduction for the cash top-ups made.
You can enjoy an additional tax relief of up to $7,000 per calendar year if you use cash to make top-ups for your loved ones. To qualify for tax relief for cash top-ups for spouse/siblings, your spouse/sibling (i) must not have income exceeding $4,000 in the year preceding the year of top-up (e.g. salary or tax exempt income such as bank interest, dividends and pension) or (ii) is handicapped.
If you are topping up by cheque, your application must reach the Board by 31 Dec, 10 am if it is a working day, to enjoy tax relief for the following year’s Tax Assessment. If 31 December falls on a weekend, your application must reach us on the last working day of the year, 2pm.
* "Loved ones" include only your parents, parents-in-law, grandparents, grandparents-in-law, spouse and siblings.
You can login with your SingPass to make top-ups for yourself and/or loved ones now.
Read more about the CPF Minimum Sum Topping-Up Scheme.