Anonymous

30 Jun 2020

∙

I just received an SMS to pay for my income tax. Is there no 50% tax rebates this year?

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Wrong Sean

30 Jun 2020

No, there is no tax rebate for YA2020. It is only for YA2019.

You can check on the rebates in this link: https://www.iras.gov.sg/irashome/Individuals/Lo...

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I pay about 100 in income taxes each year. Is it worth it for me to open an SRS account? Can I instead of paying taxes use the tax to pay my SRS account?

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?

As a 23 year old civil servant, we receive a fairly stable income with consistent pay increments per year. I have no issues with savings, however I'm having trouble where to invest for returns?

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