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  2. Central Provident Fund - Wikipedia

    en.wikipedia.org/wiki/Central_Provident_Fund

    The rate of contribution was progressively increased to 25% for both employers and employees in 1985. The employer contribution was cut to 10% during a recession in 1986. The employer contribution rate was reverted to match the employee rate until the 1997–1998 Asian Financial Crisis, and thereafter lowered to 10% for workers 55 years or younger.

  3. List of countries by tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by_tax_rates

    The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...

  4. Inland Revenue Authority of Singapore - Wikipedia

    en.wikipedia.org/wiki/Inland_Revenue_Authority...

    The Singapore Income Tax Department was created in 1947 to administer the Income Tax Ordinance enacted during that year. [1] Actual assessing of tax only began in November 1948. In the first Year of Assessment, about 40,000 individual tax returns and 1,000 corporate returns were received.

  5. Income tax in Singapore - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_Singapore

    Foreign-sourced dividends, foreign branch profits and foreign-sourced service income remitted into Singapore on or after 1 June 2003 by a Singapore resident company will be tax exempt if: [5] the headline tax rate of the foreign country from which income is received is at least 15 percent in the year the income is received, and

  6. Income Tax Act 1947 - Wikipedia

    en.wikipedia.org/wiki/Income_Tax_Act_1947

    The Inland Revenue Authority of Singapore under Ministry of Finance (Singapore) is in charge of tax collection. The latest amendment bill is still being made as of March 2016. [1] Under Section 95 of the ITA, convicted taxpayers are subjected to a penalty of up to 200% of the amount of tax undercharged in cases of incorrect tax returns.

  7. Retirement Taxes: These 6 Sources of Retirement Income Are ...

    www.aol.com/news/6-types-retirement-income-aren...

    Roth Withdrawals. The easiest way to avoid taxes on your retirement money is to use a Roth account. Both IRA and 401(k) plans can be structured as Roth accounts, which don’t offer a tax ...

  8. Trinity study - Wikipedia

    en.wikipedia.org/wiki/Trinity_study

    In finance, investment advising, and retirement planning, the Trinity study is an informal name used to refer to an influential 1998 paper by three professors of finance at Trinity University. [1] It is one of a category of studies that attempt to determine "safe withdrawal rates " from retirement portfolios that contain stocks and thus grow ...

  9. I’m 65 years old, have zero savings and can’t afford to ...

    www.aol.com/finance/m-65-years-old-zero...

    A 2024 report by AARP found that 20% of Americans aged 50 and over have no retirement savings at all. The U.S. Government Accountability Office paints an equally dire picture.