Under the Central Provident Fund Investment Scheme (CPFIS), we can use the money in our CPF account to invest into certain instruments. One of these includes shares listed on the Singapore Stock Exchange (SGX). In considering the inclusion of shares under CPFIS, the CPF board uses the following criteria: The shares are offered by a […]
Ever since MAS announced that they would be doing a major revamp of the financial advisory services sector, the industry has responded with many views. Most of the current incumbents are against moving towards a fee-only model, while some consumers supported the move. I have added the links to some of these views at the […]
OCBC recently launched a credit card with an inbuilt interest-free instalment plan for any purchase, anywhere. This is the first card of its kind in Singapore. A typical credit card only gives you interest-free on your purchases up till your statement due date, after which you will have to settle the outstanding balance in full […]
Come January 2013, you will be eligible to clam tax relief for cash top-ups made to the CPF accounts of your parents-in-law and grandparents-in-law. Currently, the scheme allows for a tax relief of up to $7000 for cash top-ups made to either your immediate family members which includes one’s spouse, siblings, parents and grandparents. Top-ups using […]
After MAS announced their intention to do a review of the financial advisory industry last week, they have now announced the lineup of the panel who will be involved in doing this review. Panel for the Financial Advisory Industry Review (FAIR) Chairman • Mr Lee Chuan Teck, Assistant Managing Director, Monetary Authority of Singapore Members • Mr […]