Page 4 - Basic Retirement Sum News Today

CPF members over 55 made withdrawals that work out to around $11,500 for each transaction. Read more at straitstimes.com.

With the many financial obligations that we have, many of us put off planning for retirement, thinking that it is very far away in the future. Yet, retirement planning is crucial to a healthy retirement, especially considering that the rising average life expectancy of Singaporeans will mean that the vast majority of us will have a longer retirement period than...

Higher CPF monthly salary ceilings, higher CPF contribution rates for senior workers, and higher retirement payouts. If you watched or read about Budget 2023, you might be wondering if all these increases spell good or bad news for you. Understanding how these increases affect you starts with figuring out how CPF works in the first place. We're not going to...

With recent policy tweaks and a much pricier property market, upgrading in 2023 might be a bit of a challenge. Here's a look at how you might go about doing it smoothly. Whether you're looking at a new launch or resale unit, these are the main issues to keep in mind — a few points on how 2023 might differ...

Hello, We’ve read with interest on your advice columns, and we especially appreciate the effort and detail put into the responses. My wife and I are in a bit of a dilemma. We live in a 3-room HDB flat in Clementi Ridges which we bought for close to $400k. Our MOP is up in April this year. We’re in our...

Singapore News - By now, Singaporeans will be aware of the goods and services tax (GST) rate increase that kicked in with the new year. But that is... Read more at www.tnp.sg

By now, Singaporeans will be aware of the goods and services tax (GST) rate increase that kicks in with the new year. But that is just one of a number of changes – ranging from taxes on low-value imported goods to Central Provident Fund (CPF) contributions for older workers – that take effect from Jan 1.

SINGAPORE — By now, Singaporeans will be aware of the goods and services tax (GST) rate increase that kicks in with the new year. But that is just one of a number of changes — ranging from taxes on low-value imported goods to Central Provident Fund (CPF) contributions for older workers — that take effect from Jan 1. The Straits...

Congratulations! If you’re reading this article, you’re probably moving up and out from your starter home and upgrading to a condo, or thinking about doing so. Better location: Upgrading might move you or your spouse closer to your workplaces, reducing the travelling distance and time. Primary school: Suppose you're eyeing a specific primary school. Moving lets you choose properties within...

A 1,184 sqft five-room (Improved) HDB flat at Block 654C Jurong West Street 61 has closed at a record $618k (or $522 psf) for the neighbourhood. The previous highest price for a five-room on the same block was $570k, or $481 psf, in January 2022. According to Glenn Jin Wong, the PropNex agent representing the seller, the corner unit is...