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 to your loved ones (i.e. grandparents'/parents'/siblings'/spouse's Retirement Account and/or Special Account), the net balances in your Ordinary and Special Accounts, including amount withdrawn for investments, must be more than the prevailing Minimum Sum.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 use cash to make top-ups for you. 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 siblings, spouse, parents or grandparents. To qualify for tax relief for cash top-ups for siblings/spouse, the sibling/spouse must have either (i) earned $4,000 or less in the preceding year or (ii) is handicapped. For example, if you make a cash top-up of $7,000 for your 62-year old parent who currently does not have any Minimum Sum payout, she would start to receive $297 a month for two years immediately1! At the same time, you could also receive tax savings of up to $1,4002. You can login with your SingPass to make top-ups for yourself and/or loved ones now. For the convenience of CPF members who wish to make regular monthly top-ups to their own or loved ones’ CPF accounts, the Board has recently made available the GIRO facility to members so that they can help grow their loved ones' retirement funds gradually. To sign up for the GIRO facility, please complete the application forms: -Application form for Inter-Bank GIRO Application -Standing Instruction to make Top-Ups under the Minimum Sum Topping-Up scheme via GIRO Read more about the CPF Minimum Sum Topping-Up Scheme. 1 The monthly payout would depend on when the person reached 55 and the Minimum Sum that the person has set aside. For more information, please click on the “Read more” above. 2 Based on 20% tax rate. Please see http://iras.gov.sg for information on tax rates.