Benjamin Franklin said these famous words, “In this world, nothing can be certain, except death and taxes.” While Singapore has one of the lowest income tax rates in the world, being able to save on income tax is one of the surefire ways to accumulate wealth and plan for retirement. Tax savings, compounded over time, can form a significant part of your retirement wealth.
0:00 Introduction
11:18 CPF Special Account and Medisave top-ups and related tax reliefs
19:04 CPF top-up QnA
22:52 SRS 101
29:41 SRS investment options and why most people are placing money in cash 34:22 Why you should invest your SRS account
41:28 Why you should contribute earlier, and more into your SRS account
47:26 QnA Part 2
1:00:17 Dividend Withholding tax hacks for Singaporeans Excerpts from the Presentation Can Medisave be used to pay for private insurance premiums? (21:15) Yes, Medisave can be...