While Singapore has one of the lowest personal income tax rates in the world, income tax can still be a significant expense for the middle and high-income earners. Many of them are considering using SRS contributions or CPF top-ups to increase their personal relief, and consequently lower their taxable income. A key concern is that their existing tax reliefs may already exceed the personal income tax relief cap of $80,000, and make any additional relief contribution efforts pointless. In this article, you will get to understand how to estimate, or precisely calculate your current tax relief through IRAS submissions, so that you can make an informed decision around making discretionary relief contributions, such as SRS contributions and CPF top-ups. How to estimate your personal tax reliefs Retrieving your previous income tax statement The quick and easy way to estimate your current tax relief is to use your previous tax filing as a proxy to this year’s tax....