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CPF changes from budget 2011 is good news right?
2 key changes to the CPF contribution took place in the recent 2011 budget announcement. Generally good news for employees and not so good news for employers (see table below for details). Here is are...
View ArticleMinimum Sum topping up Scheme
What: The government will reward you with tax benefit up to $14,000 a year if you use cash to top you and your family CPF account. $7000 tax relief if you use cash to top up your own and additional...
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How much does an average investor need to save for retirement?
I did a quick calculation and found out that the average investor in Singapore would need to save about 78% of their monthly pay to retire comfortably at age of 62! I am not kidding you! Here is the...
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