Common Questions on the Implications of the Amended Standard CI Definitions Answered

Common Questions on the Implications of the Amended Standard CI Definitions Answered

Critical Illness (CI) policiesprovide insurance against the diagnosis of the severe stage of medical conditions, using well-defined wordings. However, before 2003 it was up to individual insurers to define the CIs covered. The language used was relatively difficult to understand and potentially created uncertainty in the minds of consumers. 2003 CIs Definition Standardisation Addressing this […]

Financial Responsibilities of a Young Working Adult

Financial Responsibilities of a Young Working Adult

After many years of formal schooling and being out of school, like all young working adults, I was eager to excel in the career that I had embarked on.  All of us would remember the time when we received our first pay cheque from our first full-time job. It was a sweet reward which we […]

Here’s How to Use Your Funds in the SRS

Here’s How to Use Your Funds in the SRS

This article is a continuation of our earlier piece on how to save on taxes using SRS. Funds in the Supplementary Retirement Scheme (SRS) can be invested into a wide range of instruments such as shares, unit trusts, insurance, bonds and fixed deposits. Or you can simply leave your SRS monies in cash, which is […]

How To Save On Taxes Using The SRS

How To Save On Taxes Using The SRS

It is the time of the year when the focus is on the Supplementary Retirement Scheme (SRS) again as the deadline for contributing to the SRS draws closer. Despite the benefits that come with the Supplementary Retirement Scheme (SRS), it is often overlooked as some find it difficult to understand how the scheme works. In a snapshot, […]