Anonymous

18 Apr 2019

∙

What are some good ways to reduce the tax you pay if you are in higher brackets?

Best ways to minimize hard earned money going into taxes

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Gabriel Tham

06 Mar 2019

Tag Team Member at Kenichi Tag Team

These are the tax reliefs available.

https://www.iras.gov.sg/irashome/Individuals/Lo...

Most commonly used ones are CPF and SRS. CPF give u good interest rates while SRS allows you to invest your monies.

Reply

Save

Write your thoughts

Related Posts

Hi, will appreciate some advise Earn: 130k/yr NSMen Married with no child Rent Unit I been paying about 10k in income tax, if there any way to further reduce it? should I top up SRS and then CPF?

Ming Feng (Seedly) stated that you should reduce your asset allocation equities to pay off your loan first. If you believe in Buy Term Invest the Rest, isn't it practical to pay little and drag out the loan over time for higher investment returns?

Would you pay through instalments to reduce the immediate costs, or pay the full amount to earn a higher cashback?

Hi I'm a fresh grad, and clueless about income tax... I heard that there are ways to optimise or reduce income tax? Any gurus care to share?

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)?

Related Products

Standard Chartered JumpStart Account

4.8

778 Reviews

Maximum Interest: 2.50% p.a. for balances up to S$50,000

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

DBS/POSB Multiplier Account

4.4

321 Reviews

OCBC FRANK Account

4.7

211 Reviews

Related Posts

Hi, will appreciate some advise Earn: 130k/yr NSMen Married with no child Rent Unit I been paying about 10k in income tax, if there any way to further reduce it? should I top up SRS and then CPF?

Ming Feng (Seedly) stated that you should reduce your asset allocation equities to pay off your loan first. If you believe in Buy Term Invest the Rest, isn't it practical to pay little and drag out the loan over time for higher investment returns?

Would you pay through instalments to reduce the immediate costs, or pay the full amount to earn a higher cashback?

Hi I'm a fresh grad, and clueless about income tax... I heard that there are ways to optimise or reduce income tax? Any gurus care to share?

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)?