AOC SRS tax deduction is based on amount placed for the year, inclusive of what you invested for the year or only whats left in your SRS?
Assuming as of Oct 2021, your total SRS contribution for 2021 is 12K, and in Nov 1 2021 you decided to invest it in DBS Savvy 6, will your tax deduction for 2022 will be 12k or just 2k ( balance after you invested 10k)?
I understand that the amount that they eligible for tax deduction is the amount you put in a year before you tax is due. Will they count the ones you invested for that year or just the balance?
Thanks for your input..