Ways to reduce your personal income tax | Money Talks Podcast

Tax season isn’t in a few months but with year-end bonuses coming, it’s time to plan how to maximise tax reliefs and deductions. What are the easiest and best-known ways to reduce personal income tax?

Josh Tan, financial adviser and host of YouTube channel The Astute Parent, guides Andrea Heng on this episode.

00:00 Introduction
04:27 What do you put in your tax form?
09:12 Difference between deductions, reliefs and rebates
11:53 Putting money in the Supplementary Retirement Scheme (SRS)
14:31 Tips for parents
18:11 Contributing to Medisave Account
20:30 Why donations matter

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