Every month, full-time employed workers who are Singaporeans or Singaporean PR, together with their employers, contribute Central Provident Fund (CPF) contributions that are then deposited into their Ordinary, Special and MediSave Account. CPF also provides
Sometimes in life you may have to give up your insurance policies as you need cash badly. It could be an emergency situation that you have no other way of solving, such as saving a
Financial plans can help you achieve your goals faster, be it accumulate savings, secure insurance coverage or growing investments. But it’s important not to rush into signing or worse, get pressured into it. This is
When it comes to life insurance, there are two types of coverage. They essentially serve the same purpose, which is to provide a sum of money when you pass away. The money will help your
Many Singaporeans are either under-insured or over-insured. This is because they are simply not aware of how much coverage they need. Especially for young professionals who have just started working in their early 20s, insurance
If you’re in your 20s and just starting out, financial planning may seem like a complex and boring task. But it helps you ensure that you are well-protected and have a game plan for achieving
The time of tax filing is here again but this is not an article to remind you to file your taxes, rather what you can do to reduce them. Here we want to look at
6 minutes read The Retirement Sum Scheme (RSS) is a monthly payout scheme for CPF members to enable them to have a basic standard of living condition after retirement. This scheme was updated to CPF
What do you envision when you think about retirement? Most people think about traveling the world, sipping cocktails on a tropical beach or even buying a house on the hill. While these are wonderful ideas
How Do They Serve You During Retirement? The Need for Lifelong Planning and Annuity in Singapore Information published by the Department of Statistics shows that about 3 out of 6 persons are expected to live
The Need for Lifelong Planning and Annuity in Singapore As healthcare and technology advances, the life expectancy is also improving. Statistics has shown that the life expectancy of Singaporeans is increasing. In figures, it is
As a follow up to our previous article talking about legit ways of reducing your income tax, here are more ways for you to reduce your income tax… if you have kids. Next time before
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