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?”
Tag Archives: tax reliefs
Maximising your family members CPF contribution
Within the family, you don’t actually need to be very savvy with financial-related or investment-related matters to be constantly bombarded with queries. You just need to have that delta, above and beyond which you automatically become the guru in the family. I was just kidding. Jokes aside, I really enjoy looking at statements and seeContinue reading “Maximising your family members CPF contribution”
Breakdown on Tax reliefs numbers
Fun fact: Today, there are 15 tax reliefs, each serving an objective. Taken together, the reliefs can unduly reduce the taxable income. Earlier, I was just briefly looking at income tax reliefs from CPF contributions, CPF top-ups and SRS top-ups. Having some time at hand, I delve into the other tax reliefs over the yearsContinue reading “Breakdown on Tax reliefs numbers”
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”
How far have Singaporeans progressed with hacking their CPF SA/RA and SRS?
I enjoy analysing data during my spare time and to see if there is any trend or deeper meaning from a macro perspective. I was reading through government statistics available online and I am amazed at how much and how far these data sets go back. So I was interested to find out how farContinue reading “How far have Singaporeans progressed with hacking their CPF SA/RA and SRS?”
Theory of Constraints 