Nick Chiong

19 Dec 2019

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Special Account and Medisave account max out. What other ways to rebate income tax?

What are some other ways to reduce income tax in Singapore? any hacks/ tips and tricks would be much appreciated, thanks!

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Hariz Arthur Maloy

18 Dec 2019

Independent Financial Advisor at Promiseland Independent

SRS, donations, and having a child.

But seriously, I'd suggest SRS. 15.3k annually, you can invest it or buy annuities. :)

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Related Posts

What are the possible ways in 2023 to a) reduce income tax thru VC to CPF and 2) max out CPF VC for self and family (without income tax reduction)?

Should I open SRS Account, knowing that my income tax is around $70 with a tax rebate 50% which is around $33?

Should I go for special account top or SRS if I were to plan for my retirement in a more “efficient way” to reduce tax?

Is the income tax relief for personal relief only apply to medisave account ($7k)?

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?