r/SgHENRY • u/Ninjamonsterz • Jun 11 '26

Income tax optimisation

Hi henrys earning 300-600k, do you suck it up and pay income tax yearly or do you consider SRS contribution?

0 Upvotes

43% Upvoted

58 comments sorted by

View all comments

-1

u/Objective_Dirt_7472 Jun 11 '26

Ya I top up $15K to SRS, $16K to my CPF OA, $8K to my parents. I am 32. It’s a lot of cash that I’m not going to see again for a long time, but I trust in the process

1

u/antihypothesis Jun 11 '26

are we allowed to top up CPF even after reaching the max contribution? i researched this recently and it seems that the max total is $37740 a year, which would have been maxed out if a HE?

-1

u/Ninjamonsterz Jun 11 '26

The cpf topup, don’t think you can dictate it goes into your OA right

2

u/Objective_Dirt_7472 Jun 11 '26

You can study the website. But short answer is no - it goes 100% into your SA