This article was first published on 18 January 2019 and updated to reflect latest benefits rolled out in the light of the COVID-19 outbreak. With over 900,000 members, NTUC is one of the most popular membership programmes in Singapore.But what exactly does it mean to be an NTUC member and is it worth the annual subscription of $117?
Date of payout: Eligible households will receive the rebate over four quarters in April 2020, July 2020, October 2020 and January 2021, and it will be used to directly offset the S&CC bills of the corresponding month. Read Also: Singapore Budget 2020: 8 Important Announcements That Will Affect You Financially DollarsAndSense.sg aims to provide interesting, bite-sized and relevant financial ...
The recent HDB BTO February 2019 exercise saw the Whampoa/Kallang launch highly oversubscribed, with ten couples vying for one flat. You can find the application results here.. For couples that were lucky enough to get a queue number, here are 5 important things you need to check off your list before going to your hdb appointment.. Read Also: Complete Guide To HDB Housing Grants In Singapore ...
This article was first published on 10 April 2018 and was updated with new information. Investing is one of the most important components of personal finance. Knowing how to invest and acting upon this knowledge can help a person greatly in growing their wealth quickly and to generate sources of passive income.
This article was first published on 9 April 2020 and has been updated after the Ministry of Social and Family Development expanded the criteria for the COVID-19 Support Grant.. The past two months have been a testing time for everyone in Singapore. From the government to businesses, households, workers, the self-employed and part-time workers, everyone in Singapore has been affected by the ...
CardUp is an affiliate partner of DollarsAndSense.sg. We receive a share of revenue from your sign-ups. Here at DollarsAndSense, we’re firm advocates of smartly using credit cards on things you need and would already be spending cash on. In addition to having an interest-free advance on that money, you’ll rewards in the form of cashback, miles, and discounts.
In the recent Budget 2020, Minister Heng announced a one-time $100 top-up to the PAssion Card of all Singaporeans aged 50 years and above as part of the Care and Support Package.This benefit extends to the Pioneer Generation and Merdeka Generation seniors. Eligible Singaporeans will receive a letter notification by April 2020, with instructions and further details on how they can redeem the ...
This article was first published on 26 December 2018 and was updated to include additional information.. Started in 2001, the Supplementary Retirement Scheme (SRS) is a voluntary initiative that forms part of Singapore’s multi-pronged strategy to help citizens, permanent residents (PRs) and foreigners start building up their retirement nest egg.
The cheapest rates for a 6-month and 12-month contracts are from Best Electricity’s BEST Home Fixed 6 months and Union Power’s Union Saver 6, which both charge 17.00 cents/kWh.. The best rates for the mid-term (12-months) are again from Best Electricity’s BEST Home Fixed 12 months and Union Power’s Union Saver 12, which both charge the same 17.00 cents/kWh.
This article was first published on 3 August 2018 and has been updated to reflect the latest prices and plans.. Many of us spend several hundred dollars or more each year on our mobile phone plans but rarely consider whether there are better mobile subscriptions in the market when our contracts run down.
This post was first published on 14 July 2017 and updated to include the latest information.. Stock brokerage accounts give us access, via the brokerage houses, to the Singapore Exchange (SGX), as well as other major global stock exchanges, to start buying and selling stocks and other listed securities in Singapore.
This article was updated on 1 Jan 2019.. Following Prime Minister Lee Hsien Loong’s National Day Rally 2018, the Housing Development Board (HDB) announced that the HDB Lease Buyback Scheme will be extended to all HDB flats from 1 Jan 2019, giving more Singaporean homeowners the option to receive cash bonuses and greater cash payouts from CPF LIFE, in exchange for selling the tail end of ...
This article was first published on 13 November 2019 and updated to reflect changes to the maximum payout age under the CPF Retirement Sum Scheme from 95 to 90.. This will apply to all CPF members who turn 65 from 1 July 2020. For older CPF members who have already started receiving Retirement Sum Scheme payouts, this rule has already taken effect from 1 Jan 2020 and you should have received a ...
This post was first published on 27 November 2017 and has been updated to include the latest information. This article is part of a DollarsAndSense.sg collaboration with For Tomorrow. For Tomorrow is brought to you by Temasek, in partnership with MoneySmart and DollarsAndSense.All views expressed in the article are the independent opinion of DollarsAndSense.sg.
Investing Pros And Cons Of Investing Through The DBS digiPortfolio From just $1,000, you can start investing in a diversified, professionally-managed portfolio at 0.75% per annum.
Like it or not, the Central Provident Fund (CPF) is a key part of Singaporeans’ lives. It ensures Singaporeans contribute steadily towards their own retirement nest egg during their working years and protects their monies against inflation with risk-free guaranteed returns.
Investing How Singaporeans Can Start Investing In The US, Hong Kong Or Other Major Overseas Stock Markets. If you’ve been thinking of investing in Facebook, Alphabet (parent of Google) or Alibaba, here’s what you need to know about investing overseas.
In Singapore, the age of 55 is a key milestone that most Singaporeans look forward to. It is the CPF Retirement Age – a time when CPF members have their CPF Retirement Account created, and when they can begin to withdraw portions of their CPF monies.
Trading We Spoke To Goh Tee Leng, A Fund Manager Who Spends His Free Time Writing Articles On InvestingNook #MyFirstLoss. InvestingNook is a good website for those who want to get the views of a professional fund manager, without needing to pay for management fee.
Estate Planning Online Will Writing Singapore: 5 Things To Understand Before Preparing Your Own Will [Did You Know] The beneficiaries of your will cannot be your witnesses.
The novel coronavirus originating from Wuhan, China, has been renamed COVID-19.To date, the virus has killed 1,300 people and infected over 60,000 around the world.. The economic impact of COVID-19 is far-reaching, as businesses have put in place telecommuting plans and quarantine measures if you are suspected to be at risk of transmitting the virus, following the rise of the risk assessment ...
Many people advocate for Singapore homeowners, particularly those who own an HDB flat, to avoid clearing their HDB loan early. There are good financial reasons for that and we have written about this in a previous article.. However, even though there are good financial reasons not to be paying down your HDB loan, many people still want to do so.
This article is written as part of a DollarsAndSense.sg collaboration with For Tomorrow. For Tomorrow is brought to you by Temasek, in partnership with MoneySmart and DollarsAndSense.All views expressed in the article are the independent opinion of DollarsAndSense.sg.
Life Hacks Understanding Your Water Bill In Singapore: What Water Tariff, Conservation Tax And Waterborne Fees Mean. Staying home and working from home more may take a toll on your water bill.
This article was first published on 7 July 2018 and was updated on 7 January 2020.. Many graduates who step into the working world realise they spend much more money than they previously did as a student.
Owning a car continues to be an aspirational goal for many Singaporeans, and even regarded as a necessity for some, despite efforts by the government to discourage car ownership encourage a car-lite culture.. It is hard to deny the convenience and empowerment having a car affords you, not to mention boosts in productivity and time-saving.
This article was first published on March 28 2020 and has been updated to reflect more details about the application process.. In the Resilience Budget, it was announced that self-employed people will receive more support in terms of cash payouts.
COVID-19 has wreaked havoc on stock markets globally. Locally, the Straits Times Index (STI), comprising the 30 largest and most liquid Singapore-listed companies, has tanked nearly 25.2% since the start of 2020.
Household B, who chose to pay the monthly mortgage using cash instead of their CPF would have paid $240,000 over the 20 years period. However, during that same period, the money in their CPFOA would have accumulated $310,975, giving them an extra $70,975.
Held amid a pandemic, General Election 2020 is shaping up to be a historic one, with all 93 seats being contested by new parties, new faces, as well as familiar ones. If elected, Members of Parliament (MPs) will have the opportunity to serve their constituents, as well as represent them in Parliament, with voting and debating privileges on issues that will affect Singapore.
55th birthday on or after: Basic Retirement Sum (BRS) Full Retirement Sum (FRS) Enhanced Retirement Sum (ERS) 1 January 2017: $83,000: $166,000: $249,000
Investing Investing In Hong Kong, China and USA: Here Are 7 ETFs Which You Ought To Know About. With Exchange Traded Funds (ETFs), Singapore investors have convenient access to companies listed on markets like Hong Kong, Mainland China, and the United States.
In Singapore, more than 90% of Singapore residents own their own homes. In a country with such high homeownership rate, it is of little surprise that property related discussions and questions are one of the key topics that people frequently talk about when it comes to personal finance.
After COE prices for CAT A hit a low of $23,568 in December 2018 and hovered at the $25,000 to $26,000 range at the start of 2019, the rest of 2019 saw COE prices creeping upwards.
CPF 1M45: Reaching $1 Million In Our CPF By Age 45 – This Is How We Did It. Accumulating $1 million as a couple for retirement requires early planning, hard work, frugality, and sacrifices.
This article was first published on 23 June 2017 and has been updated with new information. Buying a home is one of the biggest and most important financial decisions we have to make in our lives. In addition to paying for a home in the 3rd most expensive property market in Asia and 6th in the world, purchasing a house will require us to take up a home loan that will likely stretch for the ...
#3 Yeyeah Delights. What’s great: If you are looking to shed the pounds, the weight loss meal package which comes with fruits or yoghurt is your prime choice.You can order just for yourself as the minimum number of people is only one. Limitations: There is an extra delivery surcharge of $30 for the 20 days meal plan to these areas: Robinson – 01,04,05,06,07,08; Marina Square – 03,17 ...
This article was first published on 16 January 2018 and updated to reflect the latest expected investment returns.. There aren’t many investments that guarantee your principal as well as returns in Singapore. Of those that do, you need to further weed out the potential scams – i.e. those that sound too good to be true.
Investing 4 Stocks This Week (Biggest Share Buyback) [27 March 2020] – DBS; OCBC; UOB; Gold Agri. Similar to individual investors, companies with strong cash flow and are confident of being able to ride out the COVID-19 challenges can buy shares at an undervalued price.