After Medishield Life premiums were deducted days ago, my CPF Medisave account (MA) is no longer at the Basic Healthcare Sum (BHS) of $75,500 for 2025.
I sensed this opportunity for a Medisave top-up to qualify for some tax relief.
As my CPF Special Account has already surpassed the full retirement sum of $213,000 for 2025, I could not make voluntary top-up under Retirement Scheme Top-Up to qualify for tax relief.
A maximum tax relief of $8,000 applies when we top up our own CPF SA or RA, and an additional tax relief of $8,000 if we top up loved ones’ CPF SA or RA. The combined $16k tax relief on CPF cash top-ups is shared with any contribution to MA of our own or loved ones.
I have already top up my mum CPF RA with $8k and my own Supplementary Retirement Scheme account by $15,300 early this year to qualify
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