Thinking of buying an HDB flat? Chances are, someone has mentioned the Home Protection Scheme (HPS) to you.
If this is your first time purchasing a home, things are about to get serious.
Your finances need to be in order, and you might be wondering: is HPS the best option for you? What are its limitations? Are there better alternatives out there?
Stick around as we dive into everything you need to know.
With the new introduction of CareShield Life, what should you expect?
What are the options available for you and what should you do?
If you’re born in 1980 or later, this article is not meant for you, go to my other article: “What is CareShield Life?” instead.
If you’re born in 1979 or earlier, you’re in the right place.
I’ll cover the general differences between ElderShield and CareShield Life, and then touch on specific scenarios.
Do read from the start for full understanding!
A shiny new policy, CareShield Life, has suddenly dropped into your hands.
Whether you like it or not, there’s no escaping since it’s compulsory.
So what we can do now is to see how it can integrate and further improve on our current financial planning.
One major consideration is whether upgrading with CareShield Life supplements is worth it or not.
In this article, I’ll cover the pros and cons.
So, read on!
CareShield Life is the newest addition to the family of healthcare plans in Singapore.
If you’re born in 1979 or earlier, go to this article: “ElderShield vs CareShield Life” instead.
If you’re born in 1980 or later, you must read through this guide and get acquainted with CareShield Life.
Why?
It’s compulsory for you to be included in the scheme.
So in this article, I’ll touch on the most important things such as what is it, the benefits and the premiums, etc.
So read on!
So you’ve already contributed to your SRS account with the intention to reduce taxes, but you realise doing so only solves half of the problem.
The other half of the problem is that your SRS funds are only earning 0.05% per year of interest.
Because of that, and if nothing is being done, inflation would negate any tax benefits you get from contributing to your SRS account.
There’s a variety of investment options for SRS monies out there, but somehow, the SRS endowment/annuity plan interests you the most.
In this guide, you’ll learn everything about the SRS endowment/annuity plans in Singapore, including what it is, how it works, and the pros and cons.
So, read on!
What’s this SRS that your friends and colleagues are talking about?
How can it help you to save on taxes AND provide for your retirement needs?
If you’re earning an healthy amount of income, you need to know about SRS.
In this guide, I’ll touch on everything important about the Supplementary Retirement Scheme (SRS). If you’re a foreigner, read this page on SRS instead.
So, let’s get on with it!
As the needs of everyone are different and there’s no one-size-fits-all, this simple retirement planning calculator would allow you to estimate how much you need to retire in Singapore.
You took the first step in contributing into your SRS account, great!
Now, what?
The funds are just sitting there collecting dust and spiderwebs (one-third of all SRS funds are sitting idle).
You know you can invest your funds but there are 2 concerns you have:
“I don’t have the time (…and the patience) to do research” and “SRS funds are my hard-earned money, I want the best for them”.
Well, you’ve come to the right place.
At the end of this article, you’ll know which option is the best to invest your SRS funds in.
We’ll also go through the various SRS approved options, the pros and cons of each, and the factors to consider in selecting one, etc.
So, read on!
By now, you must’ve heard about the Integrated Shield Plan (IP), which is also known as hospitalisation insurance or health/medical insurance.
It is, by far, one of the most important type of insurance to have in Singapore.
Do you really know what it is and how it works?
In this guide, you’ll find out everything.
So, read on!
If an economy is improving, inflation is inevitable. The cost of goods and services will be rising over time.
If nothing is done to your liquid cash in the bank, its value will gradually diminish. And when it’s time for you to use the funds for your children’s education or for your own retirement, you might not have enough.
One alternative to deal with inflation in Singapore is through an endowment savings plan.
In this article, you’ll learn about what it is, how it works, factors to consider, the pros and cons, and more.
So, read on!