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Category: About Singapore

  • 10 Highest Paid Jobs in Singapore

    Singapore, the super tiny country is a giant in its own right. It’s the economic capital of South East Asia and it boasts of the who’s who of the largest companies in the world. It has large real estate conglomerates, financial corporations, young startups and many more. People from all over the world flock to…

  • CPF Medisave vs Medishield – What is the difference?

    We believe what most people know about CPF is that it consists of Ordinary Account, Special Account and Medisave account. Out of these 3, Medisave seems to be the only one that you cannot withdraw, use or seemingly locked into obscurity. However, one major feature of CPF is its health coverage. While Medisave is more…

  • CPF Lease Buyback Scheme

    Lease Buyback Scheme (LBS) Lease Buyback Scheme is one of the schemes offered by the Singapore Government to aid its elderly to cope with their retirement. It aims to provide the elderly with a monthly income stream while allowing then to continue living in their current flat. Basic Idea/Concept You sell part of your flat’s…

  • Is it worthwhile to invest my CPF Money in the Investment Funds given?

    CPF Investment Scheme (CPFIS) was launched by CPF for CPF members to utilise their CPF money for investments and to enhance their retirement egg nest. For more information on the CPFIS scheme, you can visit the CPFIS scheme website here. The more important question however, is “should I invest my money into the funds?” Statistically, the answer…

  • CPF Education Scheme for NUS, NTU and SMU

    You would probably have used the CPF Education Scheme to fund for your tertiary education in NUS, NTU or SMU. In fact, from personal experience of a local grad, people will want to exploit this scheme as an alternative to “withdraw” funds from their CPF! This comes forth from the perspective that the CPF funds indirectly…

  • Why would you buy Personal Insurance Online in Singapore?

    No one can neglect the rapid emergence of e-commerce in Singapore. We now order cabs and taxis via an app and compare the rates by having multiple apps open. Whenever we do not have the energy to go to a mall or hawker centre, there are multiple apps that let us order food within the…

  • CPF Nomination in a nutshell – What you need to know

    The CPF Nomination Scheme is like a will by CPF. Money in your CPF are not covered by your will, meaning if you have made a will and included how your CPF money will be distributed, it is not legally enforceable by the Singapore’s law. You can change your Nomination whenever you like to, even…

  • Is the New CPF LIFE Escalating Plan a good deal?

    Set to launch in the beginning of 2018, the new CPF LIFE Escalating plan is another retirement payout option for retirees to choose from beside the currently existing plan – the Basic Plan and the Standard Plan. The new plan includes 2 features: You start with a lower monthly CPF LIFE payout (20% lower than…

  • CPF Housing Grant for Resale HDB to be increase for First Time Buyer

    In the Budget 2017, Finance Minister Heng Hwee Kiat made the announcement to increase the CPF Housing Grants available for first-timer families buying a resale HDB. The grant amount will increase from the $30,000 currently to $50,000 (4-room or smaller resale flat) or $40,000 (5-room or larger resale flat). This new enhancement has taken effect…

  • Treating your CPF Special Account and Retirement Account as a Bond Investment

    Most Singaporeans consider their money in CPF as untouchable for any purpose other than for paying their housing loan, student loan or medical bills (More on CPF Schemes here). There is one more way to view your CPF money, particularly the money in your Special Account (SA) and Retirement Account (RA). You can view them…

  • Top 10 Jobs that are High Demand According to Linkedin

    There’s so much talk about Startups and Entrepreneurship, people keep forgetting that a very good way to advance their careers is through a job. There are so many opportunities for a job seeker right now. Linkedin, every year, religiously send out a report on the status of jobs. According to them, in the end of…

  • CPF Cash Top-up Relief

    CPF Cash Top-up Relief

    Top-Up Statistics In 2015, CPF account holders topped up their families’ CPF accounts by $649.9 million, 32% more than in 2014. CPF account holders also transferred $289.1 million of their own money from their Ordinary Account (OA) to their Special Account (SA), an increase of 12% from 2014. Retirement Sum Top-Up Scheme A scheme that…