Inequalities in the tax impact of compulsory retirement savings in Singapore

In Singapore, all contributions to the Central Provident Fund (CPF) are fully excluded from chargeable income for tax purposes, and the benefits emerging on retirement are not taxable. Because the Singapore personal income tax has a progressive rate structure, a dollar of deductions has a different...

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Bibliographische Detailangaben
Veröffentlicht in:The Singapore economic review
1. Verfasser: Deutsch, Antal (VerfasserIn)
Weitere Verfasser: Zowall, Hanna (BerichterstatterIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 1988
Schlagworte:
1987 > Altersvorsorge > Sparen > Steuer > Singapur > Rentenversicherung > Einkommensteuer > Einkommensverteilung > Steuerpolitik > Aufsatz in Zeitschrift
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Zusammenfassung:In Singapore, all contributions to the Central Provident Fund (CPF) are fully excluded from chargeable income for tax purposes, and the benefits emerging on retirement are not taxable. Because the Singapore personal income tax has a progressive rate structure, a dollar of deductions has a different value in each tax-bracket. It is obvious, therefore, that the gains from the combination of the CPF deduction and the income tax system must vary with income. The paper reports the results of a study with a modified interest rate assumption for the CPF, along with contemporary income tax rates and contribution rates to the CPF. (DÜI-Sen)
Beschreibung:7 Tab.
ISSN:0217-5908