Tax relief for Cash top-up into CPF accounts

Posted February 16, 2017 / No comments

The objective of this scheme is to encourage Singaporeans and Singapore PR to set aside money for retirement purpose. As Singapore is an ageing population where we can no longer depend on our children but to be independent. You and/or your employer can make cash top-up to your CPF account. An individual can claim CPF cash

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Introduction to Financial Planning

Posted March 4, 2015 / No comments

What is financial planning? Financial planning is a process to achieve your life’s goals or objectives through the allocation of your financial resources (example: cash in your bank and/or assets such as property). It need not be an arduous process, instead you could take your time, review your dreams and find ways to attain it!

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Retirement Planning

Posted January 13, 2015 / No comments

Retirement planning Have you given thought about your retirement? Where would you be after age 65? What would you like to do after you retire? Do you have the means to retire comfortably (i.e. without cares about meeting your needs at retirement)? I hope these questions will start you thinking on your plans for retirement.

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Financial Leverage

Posted December 29, 2014 / No comments

Financial Leverage What is financial leverage? Financial leverage refers to investing in a specific asset believed to result in profit making in the future. This usually involves purchasing a property as investment. However, financial leverage is a double-edged sword. It could multiply your gain, but it could also multiply your losses. Application Let us analyse

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Integrated Shield Plan With Rider

Posted December 29, 2014 / No comments

Integrated shield plan with rider Now that we have a better understanding of MediShield and the Integrated Shield Plan (ISP), let me introduce you to the cousin of ISP – Integrated Shield Plan with rider (ISP rider). What is the difference between ISP and ISP rider? The main difference – you pay less when the

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Integrated Shield Plan

Posted December 29, 2014 / No comments

Integrated Shield plan – what’s in it for me? What is an integrated shield plan? Integrated shield plan is a health insurance plan approved by the Ministry of Health (MOH) sold by private insurance company. These companies are AIA, Prudential, Great Eastern, Aviva and NTUC Income. As discussed in the previous article on MediShield works

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Medishield

Posted December 28, 2014 / No comments

MediShield in a nutshell This article aims to provide you with a basic understanding of MediShield. If you require more information, please refer to MediShield FAQ on MOH’s website. What is MediShield? MediShield was introduced in 1990 for Singaporeans aged 65 or younger. It is a medical insurance to help citizens cover huge hospital bills

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What Is Insurance?

Posted December 28, 2014 / No comments

What is insurance? Insurance is a risk management tool. It transfers risks to a third party who would pay the insured an agreed sum of money in the event of unforeseen circumstances. What kind of risks? The following are some of the main risks we will be discussing: Risk of being critically ill Risk of

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