Grow My WealthStep 7 of 7
Should I Top Up CPF, Use SRS Or Invest?
CPF Top-Up Vs SRS Vs Invest
Enter one amount and your income. Compare what it could grow to as a CPF cash top-up, an SRS contribution or a direct investment, including the tax you save now.
CPF top-up tax relief: up to S$8,000 a year for your own account and S$8,000 more for your parents or family. See who counts.
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2 Your Result
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What This Estimate Assumes
Rough estimate only, not a recommendation. For Citizens and PRs, CPF cash top-up relief is capped at S$8,000 for yourself and SRS at S$15,300. Both depend on eligibility, account limits and the overall S$80,000 relief cap. Tax savings are reinvested. CPF money may be paid out monthly in retirement, not as a lump sum. From 55 to 64, a top-up goes into your Retirement Account (RA), up to the 2026 Enhanced Retirement Sum (S$440,800). Tax relief only counts up to the 2026 Full Retirement Sum (S$220,400), so we give no relief on any part of a top-up above it. The extra payout grows your RA at 4% a year to 65, then reads CPF Board’s 2026 Standard Plan table for a man, so it is only a rough guide. CPF Board publishes no matching table for women; a womanâs extra payout is likely a little lower. At 65 and over, a top-up still raises your CPF LIFE payout, but no figure is estimated. SRS contributions stop once you make your first penalty-free withdrawal. For SRS, 50% of a qualifying retirement withdrawal is taxed at the rate you enter. Leaves out penalties, fees, market ups and downs, rule changes and withdrawal timing.
CPF Top-Up Tax Relief 2026
Cash top-ups to your own CPF can cut your taxable income by up to S$8,000 a year, and top-ups for your parents or other family members by up to S$8,000 more: S$16,000 in all.
| Whose CPF You Top Up | Which Accounts | Tax Relief Each Year |
|---|---|---|
| Yourself | Special Account (below 55) or Retirement Account (55 and above), and MediSave | Up to S$8,000 |
| Parents, parents-in-law and grandparents | Their Special or Retirement Account, and MediSave | Up to S$8,000 for all family top-ups together |
| Spouse or siblings | Their Special or Retirement Account, and MediSave | Within the same S$8,000, only if they earned S$8,000 or less the year before, or have a disability |
Topping Up Your Parent’s CPF
Top up your parent’s Retirement Account (or Special Account if they are below 55) or MediSave in cash, and claim up to S$8,000 of relief for the year you top up. Relief only counts up to the Full Retirement Sum less what is already in their account (S$220,400 for top-ups made in 2026), and up to the Basic Healthcare Sum for MediSave. Top-ups that attract a Matched Retirement Savings Scheme grant get no relief, and nor do MediSave top-ups matched under the Matched MediSave Scheme from 2026. All your reliefs together are capped at S$80,000 a year.
Source: IRAS and CPF Board — CPF cash top-up relief (opens in new tab), checked 19 Oct 2026.
Before You Use This Number
Why Include Reinvested Tax Savings?
It shows the full benefit over the same period. If you spend the tax saving instead, CPF and SRS will end up lower than shown.
Can I Take Out CPF And SRS Money As Easily?
No. Each has its own withdrawal rules. The option that grows most may not let you get your money when you need it.