Singaporeans have one of the most comprehensive social security mechanisms in the world called the Central Provident Fund (CPF). Not only that, Singaporean employees also have the CPF Special Account (SA). If you are one of those who are not familiar with either CPF or the CPF Special Account, then this article is for you. Content What … Read more
It is no secret that Singapore has one of the lowest income tax rate countries in the world. But wouldn’t it be better if you could pay even less taxes and save more for the future? After all, a dollar saved is a dollar earned. “So how?” you might wonder. Today you will learn a government tax savings … Read more
Every month, a portion of your salary goes into CPF. It’s only natural that you’d want to get back as much as possible. You now have 3 CPF LIFE payout options to choose from. How do you know which will give you the MOST returns? I will break down your options in this article: What You’ll … Read more
As we all know, Singapore stocks have been underperforming global markets for many years. The Singapore market ETF, STI ETF is still below its 5-years high. In fact, the highest STI ETF ever achieved was $3.96 in 2007 and STI ETF has never broken this record since then. Since about 46% weightage of STI ETF … Read more
Endowment plan, savings plan, retirement plan, investment plan, annuity plan… whatever you want to call it, the purpose of these plans is to grow your wealth. Some of them also come with protection value. These plans are usually structured in a complicated way, and although the benefit illustration should explain the benefits clearly, investors who … Read more