There are certain personal finance areas that is extremely popular among Singaporeans. This can be seen from the popularity and prevalence of websites dedicated to finding and shilling the best 'insert financial product here'. We Singaporeans lap all these information up as we love a bargain. 5% off my credit card spend? Awesome! Sign me up! 2% interest if I jump through … [Read more...] about Focus on the right Personal Finance areas
Personal Finance
Endowus CNY Referral Special
Happy Year of the Rat! As we start a new year, I thought I'll share what my Feng Shui master says how your zodiac sign will affect your 2020 investing performance. So good right. If you're fired up by your investment predictions, Endowus is currently running a referral promotion for CNY to help you huat gao gao for the Year of the Rat. CNY Referral … [Read more...] about Endowus CNY Referral Special
Endowus Review – Best CPFIS Product?
Ever since I wrote My Guide to the CPF Investment Scheme (CPFIS) last year, there has been a new product introduced to the CPFIS universe - Endowus received approval to become the first digital financial advisory firm to be approved to offer its services for CPFIS.This caught my attention as Endowus was one of 2 digital financial advisors offering Dimensional Funds to … [Read more...] about Endowus Review – Best CPFIS Product?
Annual Personal Tax Housekeeping
2019 is coming to a close and the window to manage your tax bill is closing. This is usually the time of the year where I do a rough tax computation to check my tax exposure for this year. I was pleasantly surprised to see that my income has almost crossed over to the next tax bracket. Apparently, my blog and side hustle income had put me over the top. However, due my … [Read more...] about Annual Personal Tax Housekeeping
My Guide to the CPF Investment Scheme (CPFIS)
Recently, a friend asked me about the CPF Investment Scheme (CPFIS) and wanted to know how I use it personally. Having shared my general views with him, I thought I'll write a more comprehensive article on it to share my personal thinking on this topic. What is CPFIS? The CPFIS is a scheme that gives CPF members a chance to lose all their CPF monies super-charge the … [Read more...] about My Guide to the CPF Investment Scheme (CPFIS)
4 tax planning tips to consider when filing your taxes
Tax season is upon us again. For the first time since I started working, I was informed by IRAS that I was not eligible for No Filing Service and had to e-File my taxes this year. I blame this on my honesty for declaring my P2P lending interest in my taxes last year ? I've written extensively on tax planning during tax season last year, so I thought I'll give you some … [Read more...] about 4 tax planning tips to consider when filing your taxes
Last chance to plan your taxes for 2018
As 2018 draws to a close, it's that time of the year again where I access my tax position and decide if I wish to use any of the limited tools to manage my tax bill. I'll encourage you to do so as well as efficient tax planning can help you save on unnecessary taxes. To help you get through this quickly, here's a guide to access your tax position and what you need to do … [Read more...] about Last chance to plan your taxes for 2018
CPF Hacks you should be aware of
The CPF scheme was originally conceived as a Government assisted retirement contribution scheme. However, over years of reading blogs, you come across interesting ways people use it to achieve certain outcomes. Here's a collection of my favourite CPF Hacks that I feel everyone should know about. Credits: Some of the ideas originate from A Singaporean Stocks Investor (ASSI), a … [Read more...] about CPF Hacks you should be aware of
Tax Filing Reminder!
Tax season is ending soon so here's a quick reminder to do the following by 18 April 2018: Access IRAS myTax portal and open your form B/B1Check your employment income and adjust if necessary. If your employer is on the Auto-Inclusion Scheme, your employment income data should already be updated in the system.Investors in Crowdlending platforms like Moolahsense … [Read more...] about Tax Filing Reminder!
Personal tax planning 4 – bringing it all together
Welcome to the final part of my basic personal income tax planning series! In this series of posts I hope to cover the following topics: Tax reliefsCPF Cash Top UpSupplementary Retirement Scheme (SRS)Bringing it all together - How to best utilise these reliefs to your advantage In this part, I will cover the considerations and general strategy I use to mitigate my … [Read more...] about Personal tax planning 4 – bringing it all together
Personal tax planning 3: Supplementary Retirement Scheme
Welcome to part 3 of my basic personal income tax planning series! In this series of posts I hope to cover the following topics: Tax reliefsCPF Cash Top UpSupplementary Retirement Scheme (SRS)Bringing it all together - How to best utilise these reliefs to your advantage In this part, I will cover how contributing to your SRS account can be used as a tool to mitigate your … [Read more...] about Personal tax planning 3: Supplementary Retirement Scheme
Personal tax planning 2: CPF Cash Top-up
Welcome to part 2 of my basic personal income tax planning series! In this series of posts I hope to cover the following topics: Tax reliefsCPF Cash Top UpSupplementary Retirement SchemeBringing it all together - How to best utilise these reliefs to your advantage In this part, I will cover how topping up your CPF can be used as a tool to mitigate your tax bill. As … [Read more...] about Personal tax planning 2: CPF Cash Top-up
Personal tax planning 1: Tax reliefs
Welcome to my basic personal income tax planning series! In this series of posts I hope to cover the following topics: Tax reliefsCPF Cash Top UpSupplementary Retirement SchemeBringing it all together - How to best utilise these reliefs to your advantage This series of posts assumes that you understand the basic concepts of income tax and personal reliefs as well as the … [Read more...] about Personal tax planning 1: Tax reliefs
It’s tax season!
Not rabbit or duck season It's March, so it's that time of the year again to file your taxes. If you are currently employed, your income tax information is likely to have already been filed by your employer. All you need to do is check through the form B1 on IRAS myTax Portal and make any adjustments necessary (personal tax reliefs, non-employee income, etc). If you … [Read more...] about It’s tax season!
Budget 2018 – 10 Key Points
The much anticipated annual Budget speech was delivered yesterday by Finance Minister Heng Swee Keat (HSK) in parliament. It was titled "Together, a Better Future" reflecting a need for a united stand to face the challenges of today and tomorrow. The full speech and associated annexes can be found here. I've looked forward to annual Budget speech every year since taking the … [Read more...] about Budget 2018 – 10 Key Points