If your tax is derived solely on your employment income then there is no leeway on tax, unless you own the company then the accountant should be able to work something out.
You should be sitting a decent pool of cash I assume? You can look into property at the next downturn.
As funds go since we don't have capital gains then its fair there is no cover from losses.
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Originally Posted by Unregistered
Paying $7K+ every month on my employment income, and this is after all the tax deductions that I can think of ( CPF top up, child relief, maid levy relief, parent relief, even donations to IPC etc). No taxable passive income, only unrealized gains (and losses) from fund holdings. |