Скачать или смотреть Real Example: How I Saved S$2,754 on My Income Tax (Singapore)

I used the Supplementary Retirement Scheme (SRS) to cut my Singapore income tax by S$2,754 in one year and in this video I walk through the actual numbers on screen.

What you’ll see in this video:

My starting tax bill: Before SRS – S$17,338.32

How CPF and tax brackets affect your taxable income

How a S$15,300 SRS contribution reduced my tax to S$14,584.32

The simple maths behind the savings

Who SRS is most useful for (especially if you earn above ~S$120k)

Key things to know before you lock money into SRS

This isn’t about “hacks” or loopholes, just basic planning that many of us don’t get taught in school. If you’re already working hard for your income, it’s worth understanding how much more of it you can actually keep.

Disclaimer: This video is based on my personal experience and understanding. It is not tax or financial advice. Please check with IRAS or a qualified professional for your own situation.

If you found this helpful, consider subscribing.
Comment below if you’d like a follow-up on how to invest your SRS or a simple walkthrough of Singapore tax reliefs.

#Singapore #SRS #IncomeTax #TaxPlanning #PersonalFinance