Archive for March, 2006
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Tuesday, March 21st, 2006Click here To read Detailed Biography of Halle Berry Personal financial planning is the tool to help us achieve our fininancial goals and no one is spared from the need to develop personal financial plans. Whether it is a fresh graduate or a person about to retire, everyone faces fresh financial challenges constantly. Being able [...]
CPF Withdrawal at Retirement Age
Thursday, March 16th, 2006When you hit age 55, you can choose to withdraw your CPF savings in a lump sum, after setting aside the Minimum Sum into your Retirement Account. You can also withdraw your CPF if you leave Singapore and West Malaysia permanently, or if you become permanently incapacitated. How much you can withdraw will depend on [...]
Life and Health Insurance
Wednesday, March 15th, 2006Life and health insurance provides coverage in case of death, disability or critical illness. By paying monthly premiums, you can ensure financial security for your beneficiaries in the event of your death or disability. Health insurance: Health insurance covers specified critical/major illnesses, accidents, hospitalisation, permanent disability or accidental dismemberment. It can be incorporated into a [...]
SRS Investment
Tuesday, March 14th, 2006Before you invest, you need to make a contribution to the SRS account. You may only make this contribution after your SRS Operator has calculated your SRS contribution cap based on your income earned in the preceding year. After making your contribution, you may invest this amount in a wide range of financial assets, including [...]
Supplementary Retirement Scheme (SRS)
Monday, March 13th, 2006The Supplementary Retirement Scheme (SRS) was set up in April 2001 as part of the Singapore government’s multi-pronged strategy to address the financial needs of a greying population.The SRS complements the Central Provident Fund (CPF). Unlike the CPF Investment Scheme, participation in the SRS is voluntary. Participants can contribute a varying amount to SRS (subject [...]
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