Supporting your elderly parents or grandparents in Singapore can help you qualify for significant tax savings under the Parent Relief or Handicapped Parent Relief schemes. Here’s a complete breakdown of how to claim these reliefs for YA 2025 and beyond.
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📌 Overview of Parent and Handicapped Parent Relief
The Parent Relief and Handicapped Parent Relief are designed to recognise the financial contributions of taxpayers who support their elderly parents, parents-in-law, grandparents, or grandparents-in-law living in Singapore. This relief reduces your taxable income, resulting in lower taxes payable.
💰 Relief Amounts for YA 2025
| Living Arrangement | Parent Relief | Handicapped Parent Relief |
|---|---|---|
| Living with you in Singapore | S$9,000 | S$14,000 |
| Not living with you in Singapore | S$5,500 | S$10,000 |
✅ Eligibility Criteria
- The dependant must be your parent, parent-in-law, grandparent, or grandparent-in-law.
- The dependant must be a Singapore Citizen or Singapore Permanent Resident.
- The dependant must be aged 55 or above, or physically/mentally handicapped.
- The dependant must have an annual income of S$4,000 or less (not applicable for handicapped parent relief).
- You must have supported the dependant in the preceding year.
📄 How to Claim the Relief
- Log in to myTax Portal during the tax filing period.
- Navigate to the “Reliefs” section in your tax return.
- Select the type of relief (Parent or Handicapped Parent Relief).
- Provide the dependant’s details, NRIC number, and living arrangement.
- Submit and keep supporting documents in case IRAS requests verification.
⚖️ Shared Claims Between Siblings
If more than one sibling supports the same parent or grandparent, the relief amount can be shared equally or based on an agreed proportion. All claimants must agree on the apportionment before filing their tax returns.
💡 Tax Planning Tips
- Plan Ahead: Decide with siblings who will claim the relief to maximise tax savings.
- Combine with Other Reliefs: Pair with Handicapped Sibling Relief or CPF Top-Up Relief for greater tax benefits.
- Keep Records: Retain proof of financial support such as bank transfers, medical bills, or receipts.
- Leverage Handicapped Relief: If applicable, claim the higher Handicapped Parent Relief for maximum deduction.
📌 Final Thoughts
The Parent and Handicapped Parent Relief not only provide tax benefits but also recognise the contributions of individuals caring for elderly dependants in Singapore. Knowing the eligibility rules, claim amounts, and filing process can ensure you make the most of these reliefs in YA 2025 and beyond.
