Personal Finance
Tax hacks: Pay less tax with CPF & SRS top-ups
By Endowus Insights  •  November 12, 2020
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...
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By Endowus Insights
Headquartered in Singapore, Endowus is the first and only digital advisor for CPF, SRS, and cash savings, helping everyone invest holistically, conveniently, and with expert advice at the lowest cost possible.
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