Watch This Before Using SRS to Save Tax

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  • Опубліковано 19 січ 2025

КОМЕНТАРІ • 22

  • @Sethisfy
    @Sethisfy  2 роки тому

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  • @verbie65
    @verbie65 Рік тому +1

    For Malaysian, foreigner or PR, before you consider to contribute to SRS, pls note there are withholding tax of 24% when you withdraw from SRS and you will be tax as non resident !!! 😢

    • @vincekok
      @vincekok 11 місяців тому

      What about if resident?

  • @gnvsem8640xnq
    @gnvsem8640xnq 10 місяців тому

    Srs for tax relief, is property tax also subject to tax relief if I use srs to invest ? Tks

  • @ryanehoo
    @ryanehoo 2 роки тому

    Thanks for the great content! What is the platform that allow us to buy stock with monies in SRS account?

    • @Sethisfy
      @Sethisfy  2 роки тому +2

      I currently use Endowus: sethisfy.com/endowus

  • @sam9393
    @sam9393 Місяць тому

    It is the end of the year again! Would love a video on where do you think opportunities lies with SRS investment :)

  • @boy30002000
    @boy30002000 Рік тому

    Any thoughts which part of the year should we contribute $15.3k to SRS (considering we are putting it into SSB)?

    • @carollim8667
      @carollim8667 Рік тому

      Before the end of the year - 31. Dec to enjoy tax savings the following year

  • @lipingyap3167
    @lipingyap3167 2 роки тому

    Why not create a drawing explaination?

  • @therlegacy
    @therlegacy 2 роки тому

    This is only true if you are projecting that you would have stagnant or reducing income in the future right?

    • @Sethisfy
      @Sethisfy  2 роки тому

      Generally speaking you should have lower or no income during your retirement years.

    • @ngym20s
      @ngym20s 2 роки тому

      Can i delay withdrawal to maybe 70 instead of 63?

  • @sundarmd8338
    @sundarmd8338 2 роки тому

    What about nominee option ?

    • @Sethisfy
      @Sethisfy  2 роки тому

      Not sure what you mean by that

  • @box4u477
    @box4u477 Рік тому

    Will only buy stock that has CDP credited

  • @mauriceling
    @mauriceling 2 роки тому

    Good analysis

  • @qiuhao4212
    @qiuhao4212 5 місяців тому

    Try to speak to and look at the audience. You seem to just be reading your text all the time.

  • @hellolk77
    @hellolk77 6 місяців тому

    None these are true for a foreigner worked in Singapore. Be careful ! Even after 63 years you have no way to take money out without tax. Effectively all of your money will be taxed at 12% or 7.5%. All of them, even after 63 age. Distributing doesn’t help.

  • @JC-bc5nd
    @JC-bc5nd 2 роки тому

    you are speaking way too fast

    • @Sethisfy
      @Sethisfy  2 роки тому +3

      Oh I find that surprising 😅 Anyway there are are speed controls so you can slow it down