Question 1

How can I do tax reliefs?

Accepted Answer

If the total amount of reliefs claimed exceeds the relief cap, the tax reliefs will be capped at $80,000.

1 You will receive Earned Income Relief if you have taxable earned income from any of the following sources in the previous year:

2 You may claim Spouse Relief in the Year of Assessment 2023 if you have supported your spouse and satisfy all these conditions in 2022:

S/NQualifying conditionsRequired for Spouse Relief?Required for Handicapped Spouse Relief?1.Your spouse was living with/supported by you.YesYes2.
Your spouse did not have an annual income* exceeding $4,000.
* Annual income includes the following:
a. taxable income (e.g. trade, employment, rental and SRS withdrawals);
b. tax-exempt income (e.g. bank interest, dividends and pensions); and
c. foreign-sourced income (regardless of whether it has been remitted to Singapore).
YesNot applicable

3 CPF Relief is given to encourage individuals to save for their retirement. Employees who are Singapore Citizens or Singapore Permanent Residents may claim CPF Relief.

4 Parent Relief/Handicapped Parent Relief is given to promote filial piety and recognise individuals who are supporting their parents, grandparents, parents-in-law or grandparents-in-law in Singapore.

5 Life Insurance Relief is given to individuals who paid annual insurance premiums on their own life insurance policies.

6 The Supplementary Retirement Scheme (SRS) is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief. Investment returns are tax-free before withdrawal and only 50% of the withdrawals from SRS are taxable at retirement. Find out more on Tax on SRS withdrawals.(https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/special-tax-schemes/tax-on-srs-withdrawals)

7 Claim tax relief for topping up your own CPF Special/Retirement Account or those of your family members to meet basic retirement needs.

Question 2

Which CPF account I can Top up?

Accepted Answer

Top up your three CPF accounts
If you’re a Singapore Citizen or Permanent Resident, you can top up your three CPF accounts.

However, if you’re self-employed, please visit the Self-Employed Scheme page.

Things to note when making top-ups to three CPF accounts
Top-up limit
Top-up limit to three CPF accounts
The maximum amount you can top up is the difference between the CPF Annual Limit of $37,740 and the mandatory CPF contributions made for the calendar year.
 
Do remember to consider your mandatory CPF contributions which you will be receiving for the calendar year, before making top-ups. If the total mandatory CPF contributions and top-ups exceed the CPF Annual Limit in the calendar year, any excess top-ups will be refunded without interest.

Check your top-up limit online
You can use our e-Cashier to check the amount of top-ups you can make.
Check your top-up limit
(https://www.cpf.gov.sg/eSvc/Web/Miscellaneous/Cashier/ECashierHomepage)

Follow the steps below
 • Key in your NRIC number
 • Select paying as a ‘Member’ and making payment for ‘Contribute to my three CPF Accounts (Non-tax deductible)’
 • Click ‘Next’
 • Read and accept the Terms and Conditions, and click ‘Start’
 • Click ‘Check Allowable Contribution’
 • Log in with your Singpass
You’ll see a message on the amount you can contribute.

Question 3

How do I do CPF nomination?

Accepted Answer

Nominate your loved ones to receive your CPF savings upon your demise.
To allow your loved ones to receive your CPF savings in cash conveniently when you pass on, you need to include your loved ones in a CPF nomination. Before you proceed, you should work out these details:
Nominees
You can appoint up to 8 nominees in this form. If you wish to appoint more than 8 nominees, please visit a CPF Service Centre.(https://www.cpf.gov.sg/member/contact-us/visit-us.html)
Witnesses
You will need to appoint 2 witnesses for a nomination. They must be at least 21 years old, must not lack mental capacity, and must have a Singpass. You and your CPF nominees cannot be witnesses to your nomination.
Disclosure of CPF information
You may choose to authorise CPF Board to disclose your CPF account information and nomination details to your nominees or other appointed persons. These appointed persons can request this information after your demise. Without your authorisation in this form, your account information and nomination details in this form will not be revealed to any person, including your nominees.
It is an offence to make any false statement for any purpose connected with the Central Provident Fund Act.

Question 4

I have corporate hospitalation still need to buy personal hospitalation?

Accepted Answer

Yes.

Generally, hospitalisation leave is a type of sick or medical leave for employees who cannot work due to their hospitalisation.
However, hospitalisation is not limited to physical health issues. Employees can be hospitalised for mental-health reasons as well.
An employee is considered to be taking hospitalisation leave when the employee:

• Is either warded or underwent day surgery.
 • Is not hospitalised but requires bed rest (e.g. pregnancy-related complications).
 • Requires rest or further medical treatment for the condition after his discharge from the hospital to recover.