If one is earning S$250,000 income a year, will topping up S$7,000 to my cpf help to reduce the taxable income? Or is there a cap? Got abit confused.. thank you!

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Wrong Sean

27 Dec 2021

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

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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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Justin Kieran Ong

24 Dec 2021

In your example, your taxable income becomes 243k.

For cpf top ups, they are changing how the cap w...

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Hi! For a self employed person (property agent), is the max top up eligible for reducing taxable income $8k (own cpf top up) + $8k (top up family member’s cpf) ? Total $16k, or can be more? Thanks!

At what income bracket does it become worth topping up SA / SRS, to enjoy tax savings? I'm 26, earning $28,000 and paying tax of $160 a year – not sure if that's worth?

CPF or SRS Top Ups to reduce taxable income?

UOB ONE CARD is confusing, need help.. would like to ask how is $500 spending tracked, and how do you get the quarterly cashback? Thank you seedly community!