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Singapore s push for green infrastructure bonds will spur private sector into action, say experts
Singapore s plan to fund infrastructure projects with green bonds is set to spur the private sector into action, paving the way for a steady supply and demand for green financing, industry experts told CNA. Melissa Goh with more. 2 related media assets (image or videos) available. Click to see the gallery.
19 Feb 2021 11:27AM) Share this content
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SINGAPORE: Singapore s plan to fund infrastructure projects with green bonds is set to spur the private sector into action, paving the way for a steady supply and demand for green financing, industry experts told CNA.
12.5 per cent
Note on CPF contributions for 55 & above: Over the next 10 years, CPF contributions for older workers will be gradually adjusted upwards to meet the full contribution rate of 37per cent (employee + employer). The CPF contribution rates will only drop after age 60.
By the way, if you’re self-employed, none of the above applies to you. Any CPF contributions are voluntary EXCEPT Medisave contributions, which you’ll be prompted to pay after filing your taxes each year.
Example
Let’s say you are a 30-year-old earning a monthly salary of $5,000.
Every month, your employee’s contribution to CPF will be 20 per cent of your wage. That means that $1,000 will be deducted from your salary every month and deposited into your CPF accounts.
Read? Issuing limits raised for Singapore government securities and treasury bills Read? CPF members added $1.6b to retirement funds from January to October, up from a year ago THE issuing limits for government securities and treasury bills have been raised to meet Central Provident Fund (CPF) needs and cater to growing investor demand, with Parliament having voted to authorise…
Unit trusts, ILPs, Singapore Government Bonds, T-bills, ETFs, Fund Management Accounts
Must first set aside $20,00035per cent of investible balance for shares, property funds and corporate bonds10 per cent of investible balance for gold and gold products
CPFIS-SA
Unit trusts, ILPs, Singapore Government Bonds, T-billsExcludes products deemed high risk
Must first set aside $40,000Investment in shares, property funds, corporate bonds, gold and gold products not allowed
How to use for optimal gains
At the end of the day, if you’re not seeing returns much higher than the CPF OA or SA default interest rate of 2.5 per cent and 5 per cent respectively, you might be better off leaving your CPF accounts undisturbed for steady and risk-free growth.