08:23 Reliefs for those married with kids 09:37 Working mothers relief 13:26 Relief for working moms (grandparent care relief) 15:47 Relief for working moms (foreign domestic workers levy relief) 27:43 Parent relief 28:46 Spouse relief 32:02 Deductions: Employment expenses claims 42:16 Wrong tax relief claims procedure 44:34 Other earned income 48:09 Missed claim from past years
The shifting of the Working Mother Child Relief from a percentage based system to a $12K cap from 25% represents a (significant) reduction, for individuals with an annual income exceeding $48K 😢
The income tax bracket should be reviewed to take into consideration current income levels. With inflation over the years especially in the last couple years, the current brackets are way too dated.
Someone asked me, "why cpf SA shielding lobang not explicitly told to the whole nation? And then coincidentally after TH-camrs shared it, SA is gone?" To this, I scolded him "how dare you say things not politically correct?!" Maybe some circles of forkers already enjoyed the benefits
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08:23 Reliefs for those married with kids
09:37 Working mothers relief
13:26 Relief for working moms (grandparent care relief)
15:47 Relief for working moms (foreign domestic workers levy relief)
27:43 Parent relief
28:46 Spouse relief
32:02 Deductions: Employment expenses claims
42:16 Wrong tax relief claims procedure
44:34 Other earned income
48:09 Missed claim from past years
Thanks for this! :)
The shifting of the Working Mother Child Relief from a percentage based system to a $12K cap from 25% represents a (significant) reduction, for individuals with an annual income exceeding $48K 😢
The income tax bracket should be reviewed to take into consideration current income levels. With inflation over the years especially in the last couple years, the current brackets are way too dated.
We should discuss this in our Singapore budget 2025 series 😎👍🏻
Grandparent caregiver reflief: Grandparent's rental income considered in their annual income?
Rental income is considered part of annual income :)
Haha interesting how the question on the differentiation between childcare centres and grandparents was totally evaded hahaha
Someone asked me, "why cpf SA shielding lobang not explicitly told to the whole nation? And then coincidentally after TH-camrs shared it, SA is gone?"
To this, I scolded him "how dare you say things not politically correct?!"
Maybe some circles of forkers already enjoyed the benefits
Awhh nothing for working dads? :(
Indeed 🥲🥲🥲 we disagree haha