2019 is coming to a close and the window to manage your tax bill is closing. This is usually the time of the year where I do a rough tax computation to check my tax exposure for this year. I was pleasantly surprised to see that my income has almost crossed over to the next tax bracket. Apparently, my blog and side hustle income had put me over the top. However, due my … [Read more...] about Annual Personal Tax Housekeeping
Tax Planning
Last chance to plan your taxes for 2018
As 2018 draws to a close, it's that time of the year again where I access my tax position and decide if I wish to use any of the limited tools to manage my tax bill. I'll encourage you to do so as well as efficient tax planning can help you save on unnecessary taxes. To help you get through this quickly, here's a guide to access your tax position and what you need to do … [Read more...] about Last chance to plan your taxes for 2018
Personal tax planning 3: Supplementary Retirement Scheme
Welcome to part 3 of my basic personal income tax planning series! In this series of posts I hope to cover the following topics: Tax reliefsCPF Cash Top UpSupplementary Retirement Scheme (SRS)Bringing it all together - How to best utilise these reliefs to your advantage In this part, I will cover how contributing to your SRS account can be used as a tool to mitigate your … [Read more...] about Personal tax planning 3: Supplementary Retirement Scheme
Personal tax planning 2: CPF Cash Top-up
Welcome to part 2 of my basic personal income tax planning series! In this series of posts I hope to cover the following topics: Tax reliefsCPF Cash Top UpSupplementary Retirement SchemeBringing it all together - How to best utilise these reliefs to your advantage In this part, I will cover how topping up your CPF can be used as a tool to mitigate your tax bill. As … [Read more...] about Personal tax planning 2: CPF Cash Top-up
Personal tax planning 1: Tax reliefs
Welcome to my basic personal income tax planning series! In this series of posts I hope to cover the following topics: Tax reliefsCPF Cash Top UpSupplementary Retirement SchemeBringing it all together - How to best utilise these reliefs to your advantage This series of posts assumes that you understand the basic concepts of income tax and personal reliefs as well as the … [Read more...] about Personal tax planning 1: Tax reliefs