Articles
Think Twice Before You Pay Your Next Insurance Premiums
Most of us own whole life insurance plans. They are meant to protect us against death, disability or a major illness for our entire life. But do we really need insurance cover for our entire life? Event Purpose of Insurance Permanent / Temporary Need? Type of...
Step-by-Step to Discover how much Life Insurance You Really Need
Do you look forward to a claim when you buy insurance? Whenever I travel, I would cover myself with travel insurance. Just because I am covered with travel insurance, do I actually hope to lose my baggage, miss my flight connection, fall ill or meet with an accident?...
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...
A ‘Singaporeans Help Singaporeans’ Scheme
Worried about not having sufficient financial resources to take care of themselves if they meet with an accident or suffer an illness, a group of friends decided to come together at age 40 to form a self-help group. Their plan (where participation was optional) was...
Odds In Your Favour
There is a Singapore tradition of a huge Hongbao Toto Draw during the Chinese New Year season. This year, the draw is on 22 February 2019 for an eye-watering $12 million. You can already start to reserve bundled packs of tickets. Will you be buying a ticket? I did so...
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...
A Visual Guide To SRS (Part II)
Start Comparing SRS-Approved Products Here
A Visual Guide to SRS Part I
Learn How To Save On Taxes With SRS Here
Best SRS-Approved Single Premium Plans
In our previous article, we shared a simple guide of how you can identify types of products to suit your retirement needs. In this final part of our focus on the Supplementary Retirement Scheme (SRS), we compare available products. Scenario 1: If you are looking for a...
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...
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...
How Can You Make Use Of the Supplementary Retirement Scheme (SRS)?
Now is the best time to save more and pay less tax. The Supplementary Retirement Scheme (SRS) was started in 2001 and the scheme has been getting popular. When you contribute to your SRS account, you enjoy the same dollar amount which you have contributed in tax...
