Getting started on your tax planning before the New Year begins can help you maximize tax relief and minimize tax payable next year. You may only count your tax relief in April when you declare your income tax. But there are 3 things you must do before the year winds down for more tax relief.
CPF Life is crucial to every Singaporean’s retirement planning. There are people who protested and demanded the government to “Return Our CPF”, but there are also many people who have good faith in our national pension system and want to top up more into CPF for their own retirement planning. What are the benefits of […]
If you read a lot about retirement planning, you may have built up some Income Generating Assets such as Real Estate Investment Trusts (REITs) or Retirement Income Plans. But few people talk about CPF Life. This is not surprising because people tend to associate retirement planning with stock and property investments. Many people believe that […]
The information of Singapore Budget 2017 can be overwhelming. But there are really only 3 things most of us will care about. #1 Easier for young couples to purchase resale flats With the skyrocketing HDB price, it has always been hard for the young couples to fork out downpayment for resale flats. If you are […]
The Medisave Contribution Ceiling is the maximum amount that you are required to contribute and maintain in your Medisave Account. Any Medisave contribution in excess of the current Contribution Ceiling will be transferred: If you are below age 55, it will be transferred to your Special Account. If you are above age 55 and have […]
Singapore government is definitely determined to handle the “CPF hot potato“. There were several amendments to the CPF Act passed in Parliament lately on Oct 10, 2016. It is called Amendment No. 2 bill. Below are the 4 key changes.