What investors should know about M1 Ltd’s (SGX:B2F) latest earnings update.
SG Investor Hub Blog
Sometimes, you really have to hand it to the policymakers for coming out with an acronym like CPF LIFE, which stands for Lifelong Income for Elderly. As the name aptly suggests, CPF LIFE provides you with a lifetime monthly pay outs.
Introduced in 2009 by the Singapore government, this annuity scheme ensures that Singaporeans do not outlive their CPF savings.
There is a marked difference between the previous scheme, CPF Retirement Sum, and the current CPF LIFE. It is important that Singaporeans understand how this improved system works so that they can plan their retirement needs appropriately. It should also be noted that the old scheme, CPF Retirement Sum, has not been phased out because there are many Singaporeans who may not qualify for CPF LIFE.
Another unique aspect of CPF LIFE is that it allows you to decide how much you wish to set aside for your loved ones upon your death while balancing the amount of monthly payouts. Thus, I feel that the CPF Advisory Panel had developed a rather comprehensive framework because the plans allow you to choose whether you want a higher monthly payout or lower monthly payouts with more bequest for your loved ones.…
The post Understanding CPF LIFE (Lifelong Income for Elderly) appeared first on SG Wealth Builder.
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The post Increasing Interest Rates In 2018: Here Are 4 Ways Singaporeans Will Be Affected appeared first on DollarsAndSense.sg.
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Dear readers, if you have some food in your kitchen which you bought sometime ago during a shopping trip and which you do not want it anymore though it is in a perfectly good condition, why not consider donating the food to someone who requires it? Instead of throwing food away wastefully?
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The post Yoga In Singapore 2018 – Cost Guide For Cheapest To Highest End Studios In Singapore appeared first on MoneySmart.sg.