#TaxTip It is never too early to prepare for your (and your loved ones’) retirement needs. Top up your own and/or those of your family members’ CPF Special/Retirement or Medisave Account by 31 Dec 2022 to enjoy the CPF Cash Top-up Relief in Year of Assessment 2023!
Do note that there is an overall cap of $80,000 on the total amount of all tax reliefs that can be claimed (including any relief on CPF cash top-ups) for a year.
Details and qualifying conditions: www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/tax-reliefs-rebates-and-deductions/tax-reliefs/central-provident-fund-(cpf)-cash-top-up-relief
#iras#sg#taxes#taxtip#cpf#relief#retirement
Yasss to being a financially savvy kween! 🙌👑 It’s never too soon to secure the bag for your (and your fam’s) retirement 🌟
Top up your own and/or those of your family members’ CPF Special/Retirement or Medisave Account by 31 Dec 2023 to enjoy the CPF Cash Top-up Relief in Year of Assessment 2024.
Do note that there is an overall cap of $80,000 on the total amount of all tax reliefs that can be claimed (including any relief on CPF Cash Top-ups) for a year.
Details and qualifying conditions:
https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/tax-reliefs-rebates-and-deductions/tax-reliefs/central-provident-fund-(cpf)-cash-top-up-relief
#taxtips#retirement#cpf#skit#asianmums#giftideas#irassg#iras