tax rebates – Theory of Constraints

Defer RSTU cash top-up till Income Level reaches higher tax bracket, yay or nay?

Taxes are essential for nation-building and developing Singapore into a stronger community, a better environment and a more vibrant economy. While it is crucial for the nation to collect more taxes; taxes at the same time is an expense out of the pocket for an individual — reducing the amount of taxes payable through legitContinue reading “Defer RSTU cash top-up till Income Level reaches higher tax bracket, yay or nay?”

Why I stress that working Singaporeans should maximise their tax reliefs

All working adults are assessed on their income earned. After taking into account tax reliefs and rebates, a good 74% pay taxes on their income. As mentioned in my earlier article on avoiding paying too much taxes, many people still confuse tax relief with tax rebate. A tax relief is deduction from the total income to derive yourContinue reading “Why I stress that working Singaporeans should maximise their tax reliefs”