Personal Finance
How To Reduce Your Personal Income Tax Cashflow In Singapore
By Heartland Boy  •  July 5, 2020
In an article published a couple of years back, Heartland Boy guided that it is possible to save on income taxes in Singapore by taking these actions: 1.Participate in SRS 2.Top up your CPF SA 3.Cash top up your CPF Medisave 4. Top up your parents’ CPF Accounts 5. Donate to approved institutions Even till today, Heartland Boy is still practising a combination of these tax reliefs to reduce his chargeable income. However, the aforementioned methods are only effective in lowering our income tax obligations for next year’s assessment. Given that we are just issued our Notice of Assessment for the Year of Assessment 2020, the purpose of this article is to review other tips that could help in reducing our current income tax obligations. To be even more specific, it is not about reducing the total bill size, but more about how we can reduce our personal income tax cashflow in Singapore....
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By Heartland Boy
Heartland Boy is a young working adult who pretends to be competent in the real estate industry despite graduating with only a Business Management degree. Outside of work, he analyses stocks, reits and property for investment to build passive income. He is also a stickler for all things that represent value-for-money.

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