This article, Have You Max Out Your Tax Relief For Tax Payable in 2019 was originally posted here. The writer is a veteran community member on InvestingNote, with username known as Turtle_Investor.
Have you max out your tax relief (income earned in 2018) for tax payable in 2019? Turtle “loh soh” reminder.
You have less than 2 months till end of Dec to do so to top up your CPF accounts or your love ones to maximize your tax relief for total income earned in 2018.
If you treat CPF as your risk free component of your retirement savings and still earning a decent income, this is a good way to save for your future retirement and also to reduce the tax payable to IRAS.
Do you want to find out what Turtle did in every January for the past 3 years?
Refer to my post back in Jan 2018 – https://www.investingnote.com/posts/482922
What I will do in Jan 2019?