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Chris cctzjd

Own time own target at Self Employed

20 Dec 2023

∙

How to save tax by contributions to own CPF?

KLet's

3

Discussion (3)

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ST

25 Dec 2023

I thibk tax reliefs capped at $8k are eligible for SA.

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Kent Toh

22 Dec 2023

Consultant at Sprinklr

For tax assessment done next year 2024, make cash top-ups before 31st Dec 2023 under the CPF Retirement Sum Topping-Up Scheme ("RSTU"). Cash topup relief is maximum $8,000 for self in 2023.

myCPF mobile app Login with Singpass Tap on "Services "- "Cash Top Up or CPF Transfer" , Enter Amount, Contact Details 2. PayNow QR via CPF website or 3. GIRO with CPF

Referral Detail: Kent Toh

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tinycents

21 Dec 2023

Https://www.iras.gov.sg/taxes/individual-income......

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Related Posts

If today you’re a self employed and have $20k set aside for tax reduction, which would you choose and why? CPF voluntary contribution VS CPF Cash Top up relief VS SRS contribution?

I am currently a student and I have some CPF savings, however, my CPF contributions are irregular depending on jobs. Should I cancel my DPS and only take it up when I've started working again?

As a self-employed, would it be better to contribute to CPF or a CPF-like instrument with more liquidity, such as a separate savings account?

To pay housing loan in cash to save CPF OA? Or to pay with CPF OA and do voluntary contribution later? Since they will spread to MA and SA with more interest?

I have been using CPF to service my HDB loan. I have also contributed to my CPF SA to get tax relief. I was thinking what is a wiser way..?

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