In 2022, I deducted 6-figures of income from my expat taxes.

Yes, the day has finally arrived. In this deep dive, we’re going to explore the beautiful world of juicy tax optimizations for my kindred spirits: Expats in Singapore and American Expats. 😍

Not you? Don’t fret — I’ll tackle Portugal, Netherlands, and other expat hubs soon. DM me if you’d like me to cover your country!

Today in 10 minutes or less, you’ll learn:

• 🇸🇬 4 tax benefits for expats in Singapore: Retirement Scheme, New Startup Company Scheme, tax reliefs, & more

• 🇺🇸 3 tax benefits for American expats: Foreign Earned Income Exclusion, Foreign Housing Credit, & more

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🇸🇬 4 must-know tax benefits for expats in Singapore

🏖️ Supplemental Retirement Scheme

The Supplemental Retirement Scheme (SRS) is a voluntary, tax-advantaged account available to foreigners.

Why invest?

• Tax deferral: You can deduct your contributions from your taxable income that year

• Investments compound tax-free

• Upon retirement, 50% of your withdrawals are tax-free

How much can you contribute?

• Singaporeans/PRs: up to S$15,300 annually

• Foreigners: up to S$35,700 annually

How much taxes can you save?