If there is anything more complicated than Pythagoras’ theorem, it will be Singapore’s Central Provident Fund (CPF) system.
One can enjoy potential tax savings of $1,071, should he top up his SRS.
“The amount claimed from the Dependants’ Protection Scheme (DPS) allowed her family one last holiday together with their dying mum.”
Majority of Singaporeans are covered under Dependants’ Protection Scheme with little knowledge of what it exactly is. This article helps you understand it in 5 minutes!
We discuss a controversial topic among most Singaporeans today. What does this term ‘Retirement’ really mean? We try our best to tear down what this glorified illustration beyond just the numbers.
Be a Medisave PRO today! All you need is this article.
” The best home loans cost you 1.6%-1.7% per year, meaning using cash to repay your loans would “yield” you that much returns. However, to giving up a 2.5% risk-free return on your CPF account to save 1.6-1.7% on interest would only net 0.8%-0.9% of economics.”
In our Seedly Personal Finance Community, the topic of CPF has been a heavily debated one. Everyone has a different opinion on whether CPF is a good thing or a bad thing. However, the answer to this question isn’t that relevant for most people since making CPF contribution is an unchangeable fact of life for Singaporeans […]
A common working adult dilemma In our Seedly personal finance community discussion recently, we found that one of our avid members posted an article on his/her own experience behind hitting the magical number of $40k in the CPF SA (special account). We soon found out also that in the discussion, this seems to be a […]
Passing them cash alone may be the most visible, but not the best option.