30 Aug '16, 4am

Learning about Tax Scheme – Making you rich faster: aiya its just small money…so lazy to read and understand… https://t.co/ZDEK6jNUo5

aiya its just small money…so lazy to read and understand Currently Singapore have 4 Tax Scheme; Area representative Scheme – If u work out of Singapore often & you’re hired by a foreigner that pays u remuneration to your foreign bank account . Non Ordinary Resident (NOR) Scheme – Mainly for foreigners Supplementary Retirement Scheme (SRS) – for everyone earning above 30k/yearly Angel Investor Tax Reduction Scheme (AITD) – for investors SRS It’s a voluntary retirement scheme initiated by the government that allows u to park your cash (a part of ur salary ) to reduce your chargeable income (reduce tax to be paid ) yet at the same time allow u to invest without paying tax on your returns (In your SRS account ) Limitations : Maximum amount that you can put inside is $15,300 In order to attain full tax exemption , you can only withdraw …

Full article: http://thefinance.sg/2016/08/30/learning-about-tax-scheme...

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