How far have Singaporeans progressed with hacking their CPF SA/RA and SRS?

I enjoy analysing data during my spare time and to see if there is any trend or deeper meaning from a macro perspective. I was reading through government statistics available online and I am amazed at how much and how far these data sets go back. So I was interested to find out how farContinue reading “How far have Singaporeans progressed with hacking their CPF SA/RA and SRS?”

Historical CPF Interest Rates and tidbits

Since 1999 till present, OA, SA and RA interest rates have been consistent at 2.5%, 4% and 4% respectively. Since 2002 till present, MA interest rate has been consistent at 4%. Account Type Introduced in Special Account (SA) July 1977 MediSave Account (MA) April 1984 Retirement Account (RA) January 1987 Period CPF interest 1955 toContinue reading “Historical CPF Interest Rates and tidbits”

Interest rates Allocation Priority for your CPF RA, OA and SA

For all CPF members, extra 1% interest is earned on the first $60,000 of your combined balances across RA (if applicable), OA, SA and MA. If you are aged 55 and above, an additional 1% extra interest is earned on the first $30,000 of your combined balances across RA, OA, SA and MA. The orderContinue reading “Interest rates Allocation Priority for your CPF RA, OA and SA”

Avoid paying too much income taxes

Income taxes are a financial burden to working individuals. It is essential is to recognise that there is a way to lessen this burden by maximising the tax reliefs claimable for each assessment year. From Year of Assessment (YA) 2018, the total amount of personal income tax reliefs which you can be allowed is subjectContinue reading “Avoid paying too much income taxes”