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one know what's the max CPF relief that a Singaporean can get for YA 2012?
The information on IRAS website is kinda confusing.
So to estimate my YA 2012's CPF relief, i am just using my YA 2011 Notice as a gauge.
(i guess my actual CPF relief for YA 2012 shd be higher since my earning is higher yr-on-yr).
Also, if our ICT liability is over, that means we are no longer considered as "NSMan" right?
Now, trying to bring down my personal income tax bracket, i am pondering if i shd be:
1) SRS: at least i can still withdraw before retirement but subj to 5% penalty and be brought to tax, and can use for investment. Helps if i really need cash all a sudden.
2) CPF top-up (but cant remember gng to which accounts): generally earn higher interest rates, but bane is locked down till retirement. No way out.
Any experts out there to advise, or pple who has gone through the same route and have experience to share?
The information on IRAS website is kinda confusing.
So to estimate my YA 2012's CPF relief, i am just using my YA 2011 Notice as a gauge.
(i guess my actual CPF relief for YA 2012 shd be higher since my earning is higher yr-on-yr).
Also, if our ICT liability is over, that means we are no longer considered as "NSMan" right?
Now, trying to bring down my personal income tax bracket, i am pondering if i shd be:
1) SRS: at least i can still withdraw before retirement but subj to 5% penalty and be brought to tax, and can use for investment. Helps if i really need cash all a sudden.
2) CPF top-up (but cant remember gng to which accounts): generally earn higher interest rates, but bane is locked down till retirement. No way out.
Any experts out there to advise, or pple who has gone through the same route and have experience to share?
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