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.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
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