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Money Talks Podcast: Ways to reduce your personal income tax

Tax season isn’t in a few months but with year-end bonuses coming, it’s time to plan how to maximise tax reliefs and deductions. What are the easiest and best-known ways to reduce personal income tax?

Josh Tan, financial adviser and host of YouTube channel The Astute Parent, guides Andrea Heng on this episode. 

Jump to these key moments: 

4:27 What do you put in your tax form?9:12 Difference between deductions, reliefs and rebates11:53 Putting money in the Supplementary Retirement Scheme (SRS)14:31 Tips for parents18:11 Contributing to Medisave Account20:30 Why donations matter

Find more episodes of Money Talks here.

A new episode of Money Talks drops every Tuesday. Follow the podcast on Apple or Spotify for the latest updates.

Have a great topic for us? Drop the team an email at cnapodcasts [at] mediacorp.com.sg

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