Never too late to compound your SA and save on taxes

I started Retirement Sum Topping-Up Scheme (RSTU) or topping up my child’s SA in Sep 2019. Working out the sums, I have seen how small contributions over a long period of time could substantially snowball into a big sum. What if I look further beyond the OA to SA transfer and also do a cashContinue reading “Never too late to compound your SA and save on taxes”

Power of compounding your child’s SA from young

All Singapore Citizen newborns born on or after 1 January 2015 qualify for the enhanced $4,000 MediSave Grant for Newborns. This means that each Newborn kick-start their lives on this world with $0 in their Ordinary Account (OA) and Special Account (SA), and $4,000 in their MediSave Account (MA). Wow! This is a great startContinue reading “Power of compounding your child’s SA from young”

Maximising my CPF returns while I am young

The Central Provident Fund (CPF) is a comprehensive social security savings plan for retirement years. It is a tool whereby one can carry out home financing, healthcare financing and lifelong income with the end goal of a secure retirement. Those who hates it laments about it, while those knows how to work it as aContinue reading “Maximising my CPF returns while I am young”