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Tag Archives for " SRS "

Last Few Days to Save Tax for Income Earned in 2017

There are a few government schemes / concessions in Singapore that can help you reduce your tax bill by offering tax reliefs. The more tax that you are pay, the more attractive these become. Some of the schemes are time sensitive and require you to make a contribution in 2017 (to save tax on your […]


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Adjustment of SRS Contribution Cap

One of the components mentioned in Singapore Budget 2011 was the increase of the income ceiling for CPF contribution from $4500 a month to $5000 a month. In line with the higher CPF salary ceiling, the annual SRS contribution cap will also be increased. The revised annual SRS contribution cap will be $12,750 (up from […]


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SRS Year End Reminder

If you have not yet contributed to your SRS account this year to save on your income tax, remember to do so by the end of the year if you intend to use SRS as a tax savings tool. SRS is basically a voluntary scheme started in 2001 to help people save on their income […]


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Changes to SRS Scheme

During Budget 2008, the government announced a number of changes to the Supplementary Retirement Scheme (SRS) to make it more attractive. These changes take place from 1st October 2008. If you are not aware what SRS is, it is basically a voluntary scheme started in 2001 to help people save on their income tax.┬áContributions to […]


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