Jump to content

Income Tax Planning: SRS vs CPF Cash Top-ups


Panerex77
 Share

Recommended Posts

15 hours ago, awhtc said:

I figured out that for someone with significant passive income, IRAS will come back to reclaim quite a lot of income tax when you start withdrawing SRS.

That is if your passive income is taxable, ie rental 

 

if your passive income is like bond coupons, dividends then as of current structure it’s not taxable. 

↡ Advertisement
  • Praise 1
Link to post
Share on other sites

On 11/11/2021 at 10:20 PM, awhtc said:

I figured out that for someone with significant passive income, IRAS will come back to reclaim quite a lot of income tax when you start withdrawing SRS. CPF top up is more useful in this case for the tax saving especially when you are in your 40s to early 50s.

but have limit lo

 

CPFB | What are the changes to the tax relief cap for cash top-ups?

 

https://www.cpf.gov.sg/member/faq/growing-your-savings/retirement-sum-topping-up-scheme/what-are-the-changes-to-the-tax-relief-cap-for-cash-top-ups

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...