My Income Tax Relief for 2025

📈 Click https://hmsg.link/ibkr to see my preferred broker 💹 Interactive Brokers Invest SRS with 📝 POEMS Cash Plus: https://hmsg.link/poems SRS 2025 guide: https://www.youtube.com/live/omSA4M-NhII Free Preview of SHIFT 📙 Solo Biz: https://hmsg.link/solobiz _________________________________ 🔭 Telegram Group: https://hmsg.link/telegram 📷 Instagram @HoneyMoneySG https://www.instagram.com/honeymoneysg 🦙 My Brown Llama/Alpaca https://s.shopee.sg/9zmyORhsqv 🌟 My referral codes: https://t.me/sgpromocode 📙 Solo Biz: https://www.solobizsg.com ☕️ Buy my Spreadsheets at Ko-Fi: https://hmsg.link/shop 🎵 TikTok https://www.tiktok.com/@honeymoneysg 📧 Email (Business only): sghoneymoney@gmail.com 🏦 CREDIT CARDS 💳 🔗 https://hmsg.link/creditcard 📈 INVESTING & TRADING PLATFORMS 📈 🔗 https://hmsg.link/investing 💳 MULTI-CURRENCY CARD/WALLET 👛 🔗 https://hmsg.link/multi 💰 PAYMENT APPS 💰 🔗 https://hmsg.link/pay 🏦 FINANCIAL APPS 🏦 🔗 https://hmsg.link/finance 💼 BUSINESS 💼 🔗 https://hmsg.link/business ✈️ TRAVEL ✈️ 🔗 https://hmsg.link/travel 🛡️ Travel Insurance offers 🛡️ 🔗 https://hmsg.link/travelinsurance 🛍 LIFESTYLE 🛍 🔗 https://hmsg.link/lifestyle 👨🏻‍💻 PROFESSIONAL SERVICES 👨🏻‍💻 🔗 https://hmsg.link/services 🎥 FILMING & SOFTWARE 🎥 🔗 https://hmsg.link/film Disclaimer: The information provided in any affiliate referral or recommendation should not be considered as financial advice. The content is for general information purposes only and does not take into account your personal financial situation, goals or objectives. You should always do your own research and seek professional advice before making any financial decisions. We may receive compensation for affiliate referrals, but this does not influence our recommendations or reviews. Interactive Brokers provides execution and clearing services to its customers. Influencer is not affiliated with, recommended by or an agent of Interactive Brokers. Interactive Brokers makes no representation and assumes no liability to the accuracy or completeness of the information provided in this video. For more information regarding Interactive Brokers, please visit www.interactivebrokers.com.   None of the information contained herein constitutes a recommendation, offer, or solicitation of an offer by Interactive Brokers to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy.  Investment involves risks.  Investors should obtain their own independent financial advice and understand the risks associated with investment products/ services before making investment decisions. Risk disclosure statements can be found on the Interactive Brokers website.   Influencer is a customer of Interactive Brokers.  Interactive Brokers and Influencer have entered into a cost-per-click agreement under which Interactive pays Influencer a fee for each clickthrough of the Interactive Brokers URL posted herein. _________________________________ Paying more tax than you should is optional. In this annual tax relief strategy video, I break down exactly how I legally optimized my personal income tax for the year, step by step. From non-CPF reliefs to CPF contributions, I walk through the actual numbers I used, why some reliefs matter more than others, and why over-optimizing beyond the $80,000 relief cap makes no sense. This is not theory. These are real figures, real decisions, and a practical framework you can adapt to your own situation before the tax deadline. What this video covers: • Non-CPF tax reliefs: earned income relief, NSman relief, parent relief, and SRS • How parent relief works, including sharing relief among siblings • SRS explained simply and when it actually makes sense to contribute • CPF tax reliefs: mandatory contributions vs voluntary top-ups (VCMA, RSTU) • Why I stopped RSTU after hitting the Full Retirement Sum • My total tax relief calculation and how it adds up • Salary vs dividends for business owners and tax implications • The difference between legal tax optimization and illegal tax evasion • Why your tax strategy should change once you start a business Everyone’s situation is different. This video is meant to give you a clear, realistic reference point so you can build a tax strategy that fits your own income, family setup, and long-term goals. If you still have questions, drop them in the comments and I will try to address them. #NotSponsored