It’s really crazy how it’s barely two months away from the end of the year. What a year 2020 has been, and all things considered I’m remarkably lucky to survive a pandemic relatively unscathed and having the fortunate problem of trying to find ways to cut down on the income tax for the year. There are a few ways of (legally) reducing one’s tax bill, and here are some options I am exploring. Perhaps some background to my goals would help: I wish to have the option to stop working at 45, I am self-employed, and I do not want to go away for tax evasion. Not sure I’ll bounce back from that as well as Fan Bing Bing because I am nowhere as pretty. CPF Topping up CPF Special Account Making cash top-ups to my CPF SA allows me to reduce my tax bill by up to $7,000 a year. Instinctively, I would reject this option because of the nature of CPF withdrawals....