Anonymous
Asked 3w ago
After setting aside emergency funds, I pay <$500 for income tax. Please share rationale. Thank you very much!
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YJ
Top Contributor (Dec)
Updated 3w ago
If you do not do investment yourself and you know you never will, CPF SA.
SRS you must use the $$$ in account to invest else same as bank interest rate.
SRS you need to know (in case you dont know)
-you can only withdraw at 62 else 5% penalty charge
50% of withdrawal will be taxed (meaning can only withdraw $40k per year)
you must withdraw everything within 10years
You got other relief? NS, living with parent....?
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