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Some Ways to Squeeze Cashback/Miles Out of Your Income Tax That Still Work (For Now)
By Sethisfy  •  April 5, 2020

Tax filing season is ending soon in about two more weeks, and if you have already received your Notice of Assessment (NOA), it’s time to look at some options to squeeze some rewards from your contribution to the nation.

You can pay your income tax via GIRO, or one of the many online payment methods that IRAS accepts. None of these methods gain you any cashback or miles for your payment.

Personally, I’d use ipaymy for my tax payment to score either cashback or miles. For the uninitiated, you can read up on how ipaymy works in a previous article I’ve written.

Here are some ways that are available at the moment:

For cashback CardCashbackipaymy FeeEffective YieldBOC Family Card3%1.99% / 1.89%1.07% / 1.17%Amex True Cashback + GrabPay MasterCard3%2.25% / 1.89%0.82% / 1.17%UOB One3.33%
5%1.99% / 1.89%1.41% / 1.5%
3.11% / 3.20%

2.25% is the usual rate.
1.99% is for using code

...
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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