How To Top Up CPF

In addition to contributing to your CPF accounts, there is another way to boost your CPF savings by topping up or transferring the money to your CPF accounts. This way you can increase your own CPF savings or your loved ones’ using the RSTU (Retirement Sum Topping-Up) scheme. If you are under 55 years old you can top up your own and loved ones’ special account. If you are 55 years old and above you can top up your own and loved ones’ retirement account. There are benefits of topping up your CPF accounts such as growing your CPF accounts with risk-free and high interest rates (it’s guaranteed by the Singapore government so it is very safe), you can enjoy tax relief up to SGD 7.000 per year if you top of for your own CPF accounts and additional tax relief up to SGD 7.000 per year if you top up for your parents, grandparents, parents in-law siblings and your spouse and last but not least you will receive higher monthly payouts when you are 65 years old.

How to top up CPF

• CPF transfer
-visit CPF website and log in with your SingPass
-select my request on the left column
-click building up my/my recipients’ CPF savings
-choose one from the option then submit the application
-then make the payment




• Cash top-up

-PayNow QR

You need to visit CPF website and log in with your SingPass then select my request on the left column, click building up my/my recipients’ CPF savings then submit the application, log in to your bank’s mobile app and scan the QR code generated with your bank’s mobile app to make payment.

-e-Cashier
You need to visit e-Cashier and choose payment for top up my own/recipient's RA/SA under the Retirement Sum Topping-Up Scheme (RSTU) then Make your payment immediately via E-cashier’s mode of payment (eNETS Debit only)

-AXS machine
Go to any AXS station and choose payment for top up my own/recipient's RA/SA under the Retirement Sum Topping-Up Scheme (RSTU)

-Giro
Download and fill in the form then mail it to CPF Board, Robinson Road P.O. Box 3060 Singapore 905060

-OCBC internet banking
You need to visit CPF website and log in with your SingPass then select my request on the left column, click building up my/my recipients’ CPF savings then submit the application. Make payment directly via OCBC’s Internet Banking/Mobile Banking/ATM.

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