#TaxTip Grow your savings by contributing to your Supplementary Retirement Scheme (SRS) Account! You will be eligible for tax reliefs in Year of Assessment 2023 if you make contribution to your SRS Account by 31 Dec 2022.
SRS Contributions are capped yearly at $15,300 for Singapore Citizens and Permanent Residents and $35,700 for foreigners.
Do note that there is an overall cap of $80,000 on the total amount of all tax reliefs that can be claimed (including any relief on SRS contributions) for a year.
Details and qualifying conditions: https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/special-tax-schemes/srs-contributions
#iras #sg #taxes #taxtip #retirement #invest #reliefs
SRS Contributions are capped yearly at $15,300 for Singapore Citizens and Permanent Residents and $35,700 for foreigners.
Do note that there is an overall cap of $80,000 on the total amount of all tax reliefs that can be claimed (including any relief on SRS contributions) for a year.
Details and qualifying conditions: https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/special-tax-schemes/srs-contributions
#iras #sg #taxes #taxtip #retirement #invest #reliefs
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Is delulu the solulu? At least, she gained some tax tips on Supplementary Retirement Scheme (SRS) contributions! 💰🤣
Grow your savings by contributing to your SRS Account today! You will be eligible for tax reliefs in Year of Assessment 2024 if you make contribution to your SRS Account by 31 Dec 2023*.
SRS contributions are capped yearly at $15,300 for Singapore Citizens and Permanent Residents and $35,700 for foreigners.
Do note that there is an overall cap of $80,000 on the total amount of all tax reliefs that can be claimed (including any relief on SRS contributions) for a year.
Details and qualifying conditions:
https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/special-tax-schemes/srs-contributions
*You are advised to check with your SRS bank operator about the cut-off date for SRS contributions.
#taxtips #retirement #invest #skit #girlsvsguys #irassg #iras
Grow your savings by contributing to your SRS Account today! You will be eligible for tax reliefs in Year of Assessment 2024 if you make contribution to your SRS Account by 31 Dec 2023*.
SRS contributions are capped yearly at $15,300 for Singapore Citizens and Permanent Residents and $35,700 for foreigners.
Do note that there is an overall cap of $80,000 on the total amount of all tax reliefs that can be claimed (including any relief on SRS contributions) for a year.
Details and qualifying conditions:
https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/special-tax-schemes/srs-contributions
*You are advised to check with your SRS bank operator about the cut-off date for SRS contributions.
#taxtips #retirement #invest #skit #girlsvsguys #irassg #iras