What you should know about CPF top-ups

Last year, about $1 billion worth of cash top-ups went into the Special Accounts (SA) or Retirement Accounts (RA) of about 61,000 Central Provident Fund members.
Last year, about $1 billion worth of cash top-ups went into the Special Accounts (SA) or Retirement Accounts (RA) of about 61,000 Central Provident Fund members.PHOTO: LIANHE ZAOBAO

You can enjoy tax reliefs and benefit from compounding effect of CPF interest rates

Topping up your CPF accounts is a great way to ensure your retirement is well funded, but you can also make top-ups for family members so they, too, have more cash for their golden years.

The top-up trend is growing fast: Last year, about $1 billion worth of cash top-ups went into the Special Accounts (SA) or Retirement Accounts (RA) of about 61,000 Central Provident Fund (CPF) members.

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A version of this article appeared in the print edition of The Sunday Times on April 08, 2018, with the headline 'What you should know about CPF top-ups'. Print Edition | Subscribe