I don’t see any such restriction in the rules that IRAS and the CPF Board publish. Where are you seeing that?For the CPF cash top up relief for spouse, is it applicable only after one year of marriage? Eg if got married in 2020, can top up wife's CPF in 2020 or have to wait for 2021 to be eligible for the tax relief?
https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals/CPF-Cash-Top-up-Relief/I don’t see any such restriction in the rules that IRAS and the CPF Board publish. Where are you seeing that?
https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals/CPF-Cash-Top-up-Relief/
In the example 1:
The tax relief for contribution in 2019 is based on wife's income in 2018.
If I contribute to her CPF this year (2020), then I suppose the relief should be based on her income in 2019. But then I was not married yet in 2019.
Special Account top up, up to 14kWhat is max CPF amount on which relief is granted?
Is the relief granted only on employee contributed funds?
Too late for Year of Assessment 2021 (and income tax you pay — or start paying if you’re on GIRO payments, which you should be — in 2021 based on 2020 inclme), yes. That deadline was December 31, 2020.is it too late to top up cpf for this upcoming income tax relief?
No capital gains tax if that’s what you are asking.hi just want to check: if i invest in VOO, are my returns taxable?
No....hi just want to check: if i invest in VOO, are my returns taxable?
Think you can get the info here https://www.cpf.gov.sg/Members/Schemes/schemes/self-employed-scheme/self-employed-mattersIs there a difference in contributing for medisave in terms of being a member or being a self-employed person (SEP)? Under member it says tax deductible, but there is also a note that if you contribute as an SEP there are different benefits (tax being one of them).
Does it matter whether how the medisave contribution is done?
Self employed tax relief must be under trade/professional/business income and up to 37% of income or $37,740, whichever is lowerIs there a difference in contributing for medisave in terms of being a member or being a self-employed person (SEP)? Under member it says tax deductible, but there is also a note that if you contribute as an SEP there are different benefits (tax being one of them).
Does it matter whether how the medisave contribution is done?