Benefits ofSpecial Account Top Up If you are under 55 years old and have not yet hit the FRS,doing a voluntary cash top up to your CPF SA provides two benefits: Benefit 1:Enjoy a risk-free 4% p.a. interest rate on SA savings Benefit 2:Income tax relief at your marginal tax rate ...
Once your RA is formed, the RSTU switches to RA and the limit is extended to ERS, which you can also do immediately in cash if you don’t care about the tax relief. Some parents are even topping up their child’s CPF to the FRS maximum because the rates are so good. However ...