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Tan Choong Hwee
24 Dec 2021
Solutions Specialist at Providend
For $250k income, you are in the 19.5% tax bracket. Refer to IRAS Income Tax Rates for residents here:
https://www.iras.gov.sg/taxes/individual-income...
RSTU cap to CPF SA is prevailing FRS ($186k this year, $192k next year), but tax relief up to $7k. That $7k tax relief will reduce your taxable income to $243k.
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In your example, your taxable income becomes 243k.
For cpf top ups, they are changing how the cap w...
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You can use the calculators on IRAS to estimate your tax and also do any tax reliefs before the year ends.
https://www.iras.gov.sg/quick-links/calculators