Cut-off Timings to Top Up SRS and CPF in 2025
Last Updated: 17th December 2025
It’s the final few weeks of 2025 and if you are thinking of topping up your Supplementary Retirement Scheme (SRS) or CPF for tax relief this year, there are some cut-off timings you need to take note of.
SRS Account Opening
If you wish to open an SRS account, take note that the 3 banks have different turnaround times to process your application:
| Bank | Processing Time | Remarks |
|---|---|---|
| DBS | Instant | If you apply via digibank Online between 7AM to 10PM daily and 7AM to 7PM (last business day of the month), your account will be opened instantly. |
| OCBC | Instant for existing customers | New customers: open current/savings account first Existing OCBC deposit customers: open instantly via internet banking |
| UOB | 4 working days |
The minimum retirement age is currently 63
The minimum retirement age is currently 63 as of 1st July 2022. This means that accountholders who open and fund their SRS accounts from 1st July 2022 onwards would be able to drawdown on their SRS savings after they turn 63 and enjoy tax concessions on their withdrawals.
Once the statutory retirement age increases to 64 from 1st July 2026, new accounts that are opened and funded from then on would only enjoy tax concessions on withdrawals after the accountholders turn 64.
| Account Opening Date | Statutory Retirement Age |
|---|---|
| Before 1st July 2022 | 62 |
| From 1st July 2022 to 30th June 2026 | 63 |
| From 1st July 2026 | 64 |
To lock in an earlier withdrawal age, remember to open and fund your SRS account ebfore 1st July 2026.
Cut-off times for SRS top-ups
For those who have already opened their SRS accounts, there are also cut-off timings to top up your SRS for tax relief for Year of Assessment 2026 (income earned in 2025):
| Bank | Cut-off Timing |
|---|---|
| DBS | By 7PM on 31st December 2025 |
| OCBC | By 9PM on 31st December 2025 |
| UOB | By 7PM on 31st December 2025 |
After topping up your SRS, remember that it only earns 0.05% p.a. interest so you should consider investing your SRS. Personally, I use Endowus as well as POEMS for my SRS investments. I will elaborate more in an upcoming piece so stay subscribed for that.
CPF top-ups
In order to get tax relief for this year (i.e. Year of Assessment 2026 for income earned in 2025), your CPF top-up and payment need to reach CPF by 31st December 2025.
For top-ups made via PayNow QR or OCBC Digital, the processing is stated by CPF to be done “almost instantly”. This means that you should be able to contribute via these two methods to your CPF on the final day of the year and still get tax relief for this year.
Remember, contributions made to your CPF do not generate interest in the month it enters your CPF. Instead, funds only start earning interest the following month. This means that there is no advantage in topping up your CPF on 1st December 2025 versus doing so on 31st December 2025 since the funds will only earn interest from January 2026 onwards.
You should hence top up your CPF on the absolute last day so that your money can sit in your bank account to generate interest… just don’t forget to do it by the final day of the year.
Should you top up SRS or CPF first?
I did a video recently on the considerations you should take note of before topping up your SRS or CPF as well as which you should top up first.
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Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
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