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It’s common knowledge that there is a salary ceiling of $4,500 for both employer and employee CPF contributions. If you earn more than $4,500, you only need to contribute $900 (=20% x $4,500) to your CPF. Even if you make $20k a month, you still contribute $900. Your employer contributes $652.50 (=14.5% x $4,500). The [...]
If you have been working for some years, you should have a rather significant amount of money in your CPF Special Account. The savings in your CPF SA currently still earn a 4% interest rate, totally risk free. There’s also an additional 1% interest paid to the first $60k of OA+SA. The interest is high [...]
Congrats on your new condo purchase. It’s a significant milestone in your investment journey. You diligently studied the property market and got in at what you think is the right time. And now, all that’s left to do is to find a tenant. Yes, you’re renting out your spanking new private apartment, fully furnished. As [...]
Read the full article at How Not to Rent Out Your CondoWhen I posted about graduate couples having no problems saving $1 million, I used an investment return of 3% in my calculations. If you can consistently generate a 3% return every year, you will turn $100,000 into $103,000 in 1 year, and then make that $103,000 become $106,090 in 1 more year. With such compounding, [...]
Read the full article at Compare Your Investment Profits
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Compare civil service salary
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1,378 | 430,206 |
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What do you spend your salary on ?
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13 | 1,226 |
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Advice needed!! SPF Senior police...
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22 | 9,618 |
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Salary Increment Rate
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12 | 1,523 |
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how much % jump do you ask for? | 4 | 243 |
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