Intro
Merry christmas and a happy new year~!
It is the year end, time to review your income, and do some planning to reduce tax-payable.
Homework
Back a week ago, i assessed my options and did a video talking about the options i have.
TLDR: Higher tax-rate makes more sense to do CPF cash top up into Special account/MA, lower tax rate, better to pay tax and hone investing skills.
My Situation
So I found myself to be in the slightly higher tax bracket this year, but not a whole lot.
so i decided to do a cash top-up to my CPF-SA, since my medisave account has hit the Basic healthcare sum.
The experience
it was very simple, i just went to the CPF website, key in my NRIC and selected member, then followed the form.... and there was a QR code which i use my DBS paylah to pay.
you can check out the e-cashier for CPF (here)
Overall, it was quick taking less than 5min...
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