<![CDATA[Top-up CPF account for SAHM]]>

FantasyLandDreams:
Is there any tax relief for top-up cpf account for your wife? How much is the tax relief if yes? Can the top up be done for wife's cpf ordinary account?


Thanks.
Tax relief up to $7k for your hubby if he top up your account by cash provided your income is less than $4k pa
To retirement account not ordinary account

Check cpf website for full terms and conditions

]]>https://forum.kiasuparents.com/topic/82274/top-up-cpf-account-for-sahmRSS for NodeMon, 27 Apr 2026 11:32:55 GMTSat, 11 Jun 2016 10:09:28 GMT60<![CDATA[Reply to Top-up CPF account for SAHM on Sat, 11 Jun 2016 09:51:14 GMT]]>

kyith:
never always be a fan of the CPF as a pure government tool even though i talk about its benefits so much. there is a part of me seeming to think we couldnt get the money out.

http://i65.tinypic.com/2q1cokj.jpg\">

]]>https://forum.kiasuparents.com/post/1688782https://forum.kiasuparents.com/post/1688782Sat, 11 Jun 2016 09:51:14 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Sat, 11 Jun 2016 09:02:48 GMT]]>Is there any tax relief for top-up cpf account for your wife? How much is the tax relief if yes? Can the top up be done for wife’s cpf ordinary account?


Thanks.

]]>https://forum.kiasuparents.com/post/1688774https://forum.kiasuparents.com/post/1688774Sat, 11 Jun 2016 09:02:48 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Sat, 21 Nov 2015 02:45:00 GMT]]>

Jennifer:
kyith:

there is a part of me seeming to think we couldnt get the money out.



:rotflmao:

Have you submitted the nomination form?

Can opt to pass the money in your CPF accounts in cash to your beneficiaries.


what i meant is that the money borrowed to the government will not be seeing the daylights.

]]>https://forum.kiasuparents.com/post/1607170https://forum.kiasuparents.com/post/1607170Sat, 21 Nov 2015 02:45:00 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Thu, 19 Nov 2015 00:46:22 GMT]]>

kyith:
there is a part of me seeming to think we couldnt get the money out.


:rotflmao:

Have you submitted the nomination form?

Can opt to pass the money in your CPF accounts in cash to your beneficiaries.

]]>https://forum.kiasuparents.com/post/1606408https://forum.kiasuparents.com/post/1606408Thu, 19 Nov 2015 00:46:22 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Thu, 19 Nov 2015 00:18:04 GMT]]>Kyith

I take it that if i cant use my cpf, my beneficaries can get to use it.

]]>https://forum.kiasuparents.com/post/1606396https://forum.kiasuparents.com/post/1606396Thu, 19 Nov 2015 00:18:04 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Wed, 18 Nov 2015 23:43:16 GMT]]>honestly i wonder how much the tax relief will drop the taxes by. cause its not everyone if you drop 7k or so it will go to the lower bracket.


if you are earning around the range of 60k and you save 20k, to move to 40k, the tax diff you pay is $850 to get your money tied up.

never always be a fan of the CPF as a pure government tool even though i talk about its benefits so much. there is a part of me seeming to think we couldnt get the money out.

]]>https://forum.kiasuparents.com/post/1606377https://forum.kiasuparents.com/post/1606377Wed, 18 Nov 2015 23:43:16 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Wed, 18 Nov 2015 12:34:07 GMT]]>Relief is capped at $7k

]]>https://forum.kiasuparents.com/post/1606234https://forum.kiasuparents.com/post/1606234Wed, 18 Nov 2015 12:34:07 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Wed, 18 Nov 2015 11:48:03 GMT]]>jennifer

is there a limit in the top up to entitle the tax relief?
I think for working adults, there seems no such thing to get tax relief.

]]>https://forum.kiasuparents.com/post/1606219https://forum.kiasuparents.com/post/1606219Wed, 18 Nov 2015 11:48:03 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Wed, 18 Nov 2015 02:19:42 GMT]]>I have received the iras reply on the top-up and tax relief.


only top up to spouse’s CPF retirement sum scheme entitles tax relief.

]]>https://forum.kiasuparents.com/post/1605976https://forum.kiasuparents.com/post/1605976Wed, 18 Nov 2015 02:19:42 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Sat, 14 Nov 2015 00:15:34 GMT]]>Jennifer

I dont hv this card.

For health screening, i think there is a website which published the rates and details offered by various hospitals.

]]>https://forum.kiasuparents.com/post/1604569https://forum.kiasuparents.com/post/1604569Sat, 14 Nov 2015 00:15:34 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Sat, 14 Nov 2015 00:00:51 GMT]]>

starlight1968sg:
Jennifer

Yes, i hv reached the limit of $48300 (?) in MA and so the interest earned per year is enough to pay the premium as of now. But after a few years & pending how much Aviva is going to charge on the enhanced shield portion, i may hv to top up wirh cash then

While organizing the files a few days ago, I found a Aviva care card which entitled to some health screening packages at some screening centres. Not sure whether these package prices are lower than the other screening packages from other centres.

Do you have this card too?

]]>https://forum.kiasuparents.com/post/1604564https://forum.kiasuparents.com/post/1604564Sat, 14 Nov 2015 00:00:51 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Fri, 13 Nov 2015 11:39:55 GMT]]>Jennifer

Yes, i hv reached the limit of $48300 (?) in MA and so the interest earned per year is enough to pay the premium as of now. But after a few years & pending how much Aviva is going to charge on the enhanced shield portion, i may hv to top up wirh cash then

]]>https://forum.kiasuparents.com/post/1604463https://forum.kiasuparents.com/post/1604463Fri, 13 Nov 2015 11:39:55 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Fri, 13 Nov 2015 11:20:54 GMT]]>

starlight1968sg:
Jennifer

At present, the interest earned fr my MA account is used to pay the premium for MyShield. I may consider downgrading when i need to fork out cash to pay the premium.
That will be some years much later, right?

I suppose you been working full time for so long, the sum in your MA should be quite sizable.

]]>https://forum.kiasuparents.com/post/1604459https://forum.kiasuparents.com/post/1604459Fri, 13 Nov 2015 11:20:54 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Fri, 13 Nov 2015 10:30:01 GMT]]>Jennifer

At present, the interest earned fr my MA account is used to pay the premium for MyShield. I may consider downgrading when i need to fork out cash to pay the premium.

]]>https://forum.kiasuparents.com/post/1604454https://forum.kiasuparents.com/post/1604454Fri, 13 Nov 2015 10:30:01 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Thu, 12 Nov 2015 13:09:00 GMT]]>My Eldershield is also under Aviva.

]]>https://forum.kiasuparents.com/post/1604138https://forum.kiasuparents.com/post/1604138Thu, 12 Nov 2015 13:09:00 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Thu, 12 Nov 2015 11:02:41 GMT]]>

Jennifer:
starlight1968sg:

jennifer

I am keen to know the ans too.


By chance, do you know whether Eldershield and Incomeshield are compulsory Govt schemes?

With the introduction of MediShield Life, I am paying more for Incomeshield insurance.

Now I am thinking whether I should downgrade the plan to govt hospital only.

The general advice is downgrade only when you find premiums become too much to bear bec once downgrade, it will be challenging to upgrade.
I opted out for ElderShield and pay the MyShield fr Aviva.

]]>https://forum.kiasuparents.com/post/1604108https://forum.kiasuparents.com/post/1604108Thu, 12 Nov 2015 11:02:41 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Thu, 12 Nov 2015 06:17:13 GMT]]>https://crms.moh.gov.sg/FAQ.aspx


Go to point 14: You can use your Medisave to pay for your ElderShield premiums. If you do not have enough Medisave savings, you may also use the Medisave Accounts of your spouse, parents, children or grandchildren. You may also pay by cash.

Ok, no worries then. Can use spouse Medisave account to pay for the ElderShield premium if one does not have enough Medisave.

]]>https://forum.kiasuparents.com/post/1604005https://forum.kiasuparents.com/post/1604005Thu, 12 Nov 2015 06:17:13 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Thu, 12 Nov 2015 04:48:07 GMT]]>

Jennifer:
By chance, do you know whether Eldershield and Incomeshield are compulsory Govt schemes?


With the introduction of MediShield Life, I am paying more for Incomeshield insurance.

Now I am thinking whether I should downgrade the plan to govt hospital only.
Neither is compulsory. It depends on how important you feel the coverage is.

]]>https://forum.kiasuparents.com/post/1603972https://forum.kiasuparents.com/post/1603972Thu, 12 Nov 2015 04:48:07 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Thu, 12 Nov 2015 00:28:43 GMT]]>

starlight1968sg:
jennifer

I am keen to know the ans too.

By chance, do you know whether Eldershield and Incomeshield are compulsory Govt schemes?

With the introduction of MediShield Life, I am paying more for Incomeshield insurance.

Now I am thinking whether I should downgrade the plan to govt hospital only.

]]>https://forum.kiasuparents.com/post/1603820https://forum.kiasuparents.com/post/1603820Thu, 12 Nov 2015 00:28:43 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Wed, 11 Nov 2015 23:15:03 GMT]]>jennifer

I am keen to know the ans too.

]]>https://forum.kiasuparents.com/post/1603793https://forum.kiasuparents.com/post/1603793Wed, 11 Nov 2015 23:15:03 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Wed, 11 Nov 2015 12:17:17 GMT]]>

scang:
In that case, SRS may help


Already doing SRS every year.

I was organising our insurance policies file and realised that with the CPF deductions for the Eldershield and Incomeshield for myself, my Medisave account will be depleted in x no. of years.

Hence I am checking whether spouse top-up to Medisave account is eligible for income tax relief.

If yes, then we can use this to top-up my Medisave account, as well as save some tax liability.

I have sent an email to IRAS today, but that will take some days.

So am checking here to see if there is a quick answer to my query.

]]>https://forum.kiasuparents.com/post/1603670https://forum.kiasuparents.com/post/1603670Wed, 11 Nov 2015 12:17:17 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Wed, 11 Nov 2015 12:13:07 GMT]]>

lee_yl:
Jennifer:

Quick check:


Top-up to spouse's CPF medisave account - eligible for income tax reliefs?

Many thanks in advance.

If the spouse's annual income exceeds $4000, then there will be no tax relief for COF top-up.

You can check out this link:
https://www.iras.gov.sg/IRASHome/Indivi ... up-Relief/

The link is for top-up to retirement or special account.

I like to know about top-up to Medisave account.

]]>https://forum.kiasuparents.com/post/1603669https://forum.kiasuparents.com/post/1603669Wed, 11 Nov 2015 12:13:07 GMT<![CDATA[Reply to Top-up CPF account for SAHM on Wed, 11 Nov 2015 11:53:06 GMT]]>In that case, SRS may help

]]>https://forum.kiasuparents.com/post/1603665https://forum.kiasuparents.com/post/1603665Wed, 11 Nov 2015 11:53:06 GMT