Personal Finance
How to reduce your income tax in Singapore (make use of these tax reliefs and deductions!)
By Singapore's Budget Babe  •  April 13, 2018
Back when I was still in my first job, my annual income tax was only about $200. This was based on a yearly income of $30,000, of which I saved $20,000 - read about how I did it here. (Nope, no bonuses either.) I don't mind paying taxes as I understand and appreciate the fact that the money is channeled for the government to help the lower-income groups, as well as pay for other public goods such as our roads, education, etc. But ever since I got headhunted to my second, and now third, job where I received a pay raise each time, my income taxes have jumped significantly and it has come to a point where I've been looking into (legal) ways to reduce paying so much. For context, my income tax jumped by over 10x, but my salary hasn't jumped 10x at all! I've talked about how ......
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By Singapore's Budget Babe
Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore's rising costs, and writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. Will I meet you there? ...
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