In one of her recent posts, fellow finance blogger, "Lady, You Can be Free" posted an article on her income tax payable.She was shocked that her tax payable was more than $10,000 for this year and so she tried to figure out how to save on her tax through Supplementary Retirement Scheme. $10,000! When I saw the amount, I was impressed by her income because compared to her, my annual income is much lower, so my tax payable is only a fraction of hers. Unless you are a rich man in Singapore, this is not a small sum to be sniffed at, so it is understandable that she felt the pinch.Now, if you faced the same predicament as the lady blogger, congratulation! This is because you belong to the higher income earner. Of course this would come across as cold comfort to you, but going forward, the government ...
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