Do you fall within the majority of Singaporeans who are invested? Which instruments have you chosen to invest in?
Bonds are one of the most popular forms of investments in Singapore. This is because they generally pose lower risk than stocks and equities.
Even within this category, there are many different types of bonds, with Singapore Government Securities (SGS) being possibly the most secure.
In this article, we’ll cover the different types of SGS and more.
So, read on!
When the first Singapore Savings Bonds (SSBs) were introduced, the demand was high as there were very few safe investment options which provide high potential returns.
Over time, the returns of SSBs have gone down. Is it still a viable option now?
In this article, we’ll take a deeper look at what the SSB is all about, the current and historical interest rates, and the pros and cons.
So, read on!
Do you remember how much pocket money you received from your parents when you were in school?
Back in our day, it was common to receive between $2 – $10 per day. However, that was when you could still get a full meal at $2, and maybe even a nice ice cream cone from McDonalds at $0.25!
Fast forward to the present, there is no doubt that times have changed immensely, and the price of food, travel expenses and school supplies have risen. What used to be your daily allowance may not suffice for your child today.
At the same time, it is prudent not to overestimate the allowance they require – I’m sure you’ve seen primary school kids having $9 fancy frappuccinos at Starbucks with their friends.
The amount of pocket money you give to your child will be a big factor in helping them to learn the value of money and train them to become financially literate, setting them up for success in life.
This article will give you some tips and tricks on how to decide the amount of daily allowance to give to your child at the different stages of their life – from primary school all the way to university.
Have you ever wondered (or calculated) how much a Singaporean parent pays for tuition for their child?
For those unfamiliar with Singapore’s context, tuition doesn’t refer to school fees – it refers to additional private engagements with tutors outside of school, who help to guide and prepare students to ace their examinations.
It has pretty much become a normal part of a child’s education journey in Singapore, especially if their parents are focused on getting them the best chance to ace the high-stake examinations like the PSLE and O-Levels. Their examination results determine the kind of schools they can enrol in and the opportunities they will have in the future.
I was curious to find out how much a couple may need to set aside if they would like to enrol their child for tuition sessions, starting from pre-school all the way to secondary school.
Whether it is your first time, tenth time, or twentieth time filing your personal income tax, the process can be fairly frustrating, confusing, and cumbersome.
Here is your quick and essential guide to filing personal income tax in Singapore, where we have collated all the important information, links to different sections on taxation, and guides on filing, so that you don’t have to crack your head over this when March comes.
So, read on!
(Click here if you want to know more about corporate income tax in Singapore.)
While most Singaporeans know the exact percentage they pay for the Goods and Services Tax (GST), many can’t recall the personal income tax rate offhand.
Singapore’s GST is currently pegged at 7% and set to increase in the coming years, but what about the personal income tax rate?
If you are a tax resident in Singapore, you can heave a huge sigh of relief – while Singaporeans don’t rank first in terms of lowest income tax rate, they can also be thankful that they are not tax residents of Sweden. The highest income earners in Sweden can be taxed as much as 57.1%.
So where does Singapore rank in terms of income tax, and how much tax can you expect to pay throughout your lifetime in Singapore?
Saving for the future can be difficult when we’re left on our own to do it.
Fortunately, there are several national schemes in Singapore that help individuals build their retirement nest eggs.
One such scheme is the Supplementary Retirement Scheme (SRS), which is open to both Singaporeans (citizens and permanent residents) and foreigners.
Although the scheme is mostly similar for both groups, there are important differences to take note of.
(This article is meant for foreigners, so if you’re a Singaporean [citizen or PR], do check out this page instead.)
Read on to find out more!
You may have heard of the movie “Crazy Rich Asians”, which was set in Singapore, but how many people in this country are considered rich?
While the exact amount in net worth (or wealth) to qualify as rich is subjective, many do hope to accumulate a million dollars in wealth. Singaporeans are generally wealthier, as they enjoy higher incomes, and being in a financial hub, they have access to a wide range of financial products with favourable incentives, such as no capital gains tax. Additionally, for business owners, Singapore’s business-friendly environment is a significant advantage.
Currently, how many millionaires (and billionaires) are there in Singapore?
Let’s find out now!
Is it your first time filing your personal income tax?
Or did you recently experience a huge change, either in your job (e.g., moving from public sector to private sector/employee to self-employed) or family (e.g., new baby).
If so, this simple guide will bring you through all the key areas you need to take note of, and understand how to navigate this.
So, read on!
If something unfortunate were to happen to you today, would you and your family have sufficient resources to tide through it and get back on your feet?
It may seem as if insurance agents are always telling you “you’re under-insured,” but have you ever stopped to ponder if this may be true?
In this article, I would like to present an informational overview of 15 different types of insurance plans in Singapore and their benefits.