How can I save on my taxes legally through tax planning?Specific Planning / Tax
Besides accepting death and taxes as certainties, it pays to examine whether there are legitimate ways to save on taxes i.e. tax avoidance but not tax evasion.
There are a number of potential avenues to save on taxes, some well-known and some known only to the initiated. We help clients to identify the potential areas of tax savings which they can benefit, from consulting our panel of tax consultants.
Just to name a few areas:
- Separate assessments
- Child relief
- Insurance and security
- Business insurance
- CPF deductions
- Maid levy
- Supplementary Retirement Scheme (SRS)
- Capital gains
- Rental and interest
Tax planning is just one of the components of a comprehensive financial plan. We provide planning and advice on protection planning, investment planning, retirement planning and estate planning also.