Retirementat Salary.sg – Your Salary in Singapore |
One year after the Medisave Contribution Ceiling (MCC) was adjusted to $33,000, CPF has announced that MCC will be adjusted upwards again, this time to $33,500 effective 1 July 2007. If your Medisave account balance already stands at $33k, which is the previous cap, you’ll need to “top up” $500. This can be accomplished in [...]
The Straits Times reported that Singaporeans are more keen to keep working, with about 60% of those surveyed saying they intend to work as long as possible. The global average is 40%. The survey report is called “The Future of Retirement” and is compiled by HSBC and the Oxford Institute of Ageing. I took a [...]
In short, the more expensive may not be good, but the higher yield may not be better. When buying properties, you should at least consider the following factors and weigh your options: Price. Freehold properties are generally more expensive than leasehold properties, due to the fact that the land tenure for freehold properties lasts, well, [...]
Read the full article at Freehold and leasehold differencesIt seems that Business Times is trying to reverse the negativity of its report on retirement funds gap yesterday. Today, it reported on the findings of yet another retirement-related survey, this time by AXA Group. The AXA Retirement Scope 2007 survey found that Signaporeans are 2nd in terms of monthly savings for retirement ($824), among [...]
Read the full article at Singaporeans “positive” about retirementBusiness Times ran a story today on a study conducted by Manulife. The study finds that the average Singaporean expects himself/herself to live for another 9 to 12 years in retirement. But the reality is that he/she can live for another 17 years based on actual statistics. Due to this misguided expectation (or underestimation), the [...]
Read the full article at Not enough savings for retirement
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