Advertisement If you’re a working Singaporean looking to lower your tax bill in 2025, you may be able to take advantage of Life Insurance Relief — a valuable scheme offered by IRAS (Inland Revenue Authority of Singapore) that allows eligible taxpayers to claim up to S$5,000 per Year of Assessment (YA). Advertisement With rising living … Read more

Advertisement To acknowledge and support the efforts of working individuals—especially seniors and persons with disabilities—the Singapore government continues to offer the Earned Income Relief (EIR). This personal income tax relief provides a reduction in taxable income based on the amount of earned income received during the year. In 2025, EIR remains a key measure that … Read more