27 Oct '16, 1pm

How you can save 24% of your tax, legally!: Source: CPF’s website – Written By Byte Sized Investment Slightly more… https://t.co/tF1U8JpEDv

– Written By Byte Sized Investment Slightly more than half the year has gone and it is about time to review my annual financial plan. This is usually the time to consider budgets, cashflow and some tax planning for the remaining months of the year. So recently, I made a trip to CPF office to find out more details on how I could enjoy some tax relief, and at the same time, boost my retirement funds. Before we proceed, let’s take a quick look at what CPF actually is. What is CPF? Central Provident Fund, CPF in short, is a compulsory savings plan for working Singaporeans and Permanent Residents (PR), primarily to fund their retirement. It could also be used for healthcare, education, and housing needs. Both employers and employees contribute a mandated amount to the employee’s CPF retirement fund, where it grows and earns interest between …

Full article: http://thefinance.sg/2016/10/27/how-you-can-save-24-of-yo...

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