Welcome to my basic personal income tax planning series! In this series of posts I hope to cover the following topics:
Tax reliefs CPF Cash Top Up considerations Supplementary Retirement Scheme considerations Bringing it all together – How to best utilise these reliefs to your advantage
This series of posts assumes that you understand the basic concepts of income tax and personal reliefs as well as the filing requirements. If you are new to income tax, I recommend that you go through the information on the IRAS website which provides a basic overview of things.
Know your personal reliefs
I’ve come across some friends that doesn’t even bother to fire up the IRAS myTax Portal every year to at least take a look at their tax filing, let alone adjust their filings. To that I say thank you for your outsized contribution to nation building!
Let’s be clear, tax …