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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 !!! 😢
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.
🤯 Get $110 opening Citi bank account, no deposit required: sethisfy.com/?p=11956
📱 More content and great deals! sethisfy.com/telegram
📈 Free Shares: sethisfy.com/trading-apps/
💳 Credit card deals: sethisfy.com/cards
🔥 Hot deals: sethisfy.com/deals
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 !!! 😢
What about if resident?
Srs for tax relief, is property tax also subject to tax relief if I use srs to invest ? Tks
Thanks for the great content! What is the platform that allow us to buy stock with monies in SRS account?
I currently use Endowus: sethisfy.com/endowus
It is the end of the year again! Would love a video on where do you think opportunities lies with SRS investment :)
Any thoughts which part of the year should we contribute $15.3k to SRS (considering we are putting it into SSB)?
Before the end of the year - 31. Dec to enjoy tax savings the following year
Why not create a drawing explaination?
This is only true if you are projecting that you would have stagnant or reducing income in the future right?
Generally speaking you should have lower or no income during your retirement years.
Can i delay withdrawal to maybe 70 instead of 63?
What about nominee option ?
Not sure what you mean by that
Will only buy stock that has CDP credited
Good analysis
Thank you!
Try to speak to and look at the audience. You seem to just be reading your text all the time.
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.
you are speaking way too fast
Oh I find that surprising 😅 Anyway there are are speed controls so you can slow it down