My yearly CPF ritual is to perform a voluntary cash top-up into both my own and parent’s CPF, to support our retirement and enjoy tax relief at the same time. One can enjoy up to $16,000 in tax relief in each calendar year ($8,000 for yourself and an additional $8,000 for our love ones). https://www.cpf.gov.sg/member/faq/growing-your-savings/retirement-sum-topping-up-scheme/how-much-tax-relief-can-i-enjoy […]

source: https://thefinance.sg/2024/01/03/cpf-basic-healthcare-sum-bhs-and-tax-relief-for-2024/