I had previously written an article on Lease Buyback Scheme(LBS). The LBS was eligible to four room or smaller flats when the article was written in Aug 2018. With effect from 1st Jan 2019, the LBS will be extended to all HDB flats except for short-lease flats, HUDC, and Executive Condominium units. Personally, I think… Read More
An old article from 2007 that was printed in the financial magazine “SmartInvestor”. While the content is old, it is still very relevant.
The Supplementary Retirement Scheme (SRS) was established on 1st April 2001, to complement our Central Provident Fund (CPF) savings. While our CPF savings are often used for housing, education and medical payments, SRS is a tax-incentivised, voluntary form of savings strictly meant for retirement. SRS is open to all Singaporeans, Singapore Permanent Residents (SPRs) and… Read More
The Lease Buy-back Scheme(LBS) came in effective from 1st April 2015. Although many people feedback that the idea seems like a joke, it was not meant to be one. LBS is not a new idea invented by (Housing Development Board)HDB. It is a form of reverse mortgage which is a way of converting the money… Read More
If you are considering a retirement plan that pays you guarantees your retirement income up to age 99, you can have a look at China Life Retire Easy It is one of the retirement plans in the current market that gives guaranteed lifetime payout and the payout is also guaranteed to increase by 4% of the… Read More