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Anonymous

18 Nov 2021

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I have a total income of $90k this year before CPF deduction, looking to lower my tax for 2022?

I am a Singaporean and planning to donate some cash to some charity org since there's tax relief. What is the maximum I can contribute and what would my tax deductible be on my salary of $90k per annum?

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Jeff Yeo

11 Dec 2021

amateur Social contributor at School of social sharing

1) you can claim for courses for self improvement that you have attended

2) top up SRS till 15,300

3) up your own CPF with 7k

4) top up parents CPF with 7k

5) claim relief for parents of grandparents

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Pangolin Yi

11 Dec 2021

The best case is to put 10k to SRS.. to save the tax of 7% in the deductable range 40k to 80k. Then the 10k to invest in bond or reit to earn the dividend 3 to 4% annually.

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Caleb Tan

11 Dec 2021

You may consider these two options if you dont need the cash for long term. Think of it as your long...

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Hi, i have a total pay of about $120k this year before CPF deduction, how can I lower my income tax?

I’ll be bringing in an annual income of arnd 60+k this year and realised I’ll have to pay quite abit of income tax. Would like to know how I can utilise CPF & SRS effectively to minimise tax payable?

I did a cash top up to my CPF Medisave early this year in Jan 2020. However, my income tax statement for 2020 did not reflect the tax relief for my cash top up. Am i missing something?

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