Advertisement

Anonymous

15 Nov 2020

∙

For a self-employed who owns a private limited company, is it better to pay myself a monthly salary with CPF or to take an annual dividend/director fee?

Considering that 3-5 years later will need to secure a loan for buying house.

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Caleb Seah Hua Xiang

15 Nov 2020

Banks look at last 2 years NOA to determine the loan amount that they can give you.

So there is no need for you to rush if it's 3-5 years later.

Regardless of whichever you take, they will still take in 70% of your income to calculate the eligible loan amount you can get.

Reply

Save

Write your thoughts

Related Posts

If i own self-employed business in a company you start as sole-proprietor, do you need to create cpf csn and pay directly to yourself under the company? or just declare it under self employ?

As a trainee with no employer-employee relationship with my traineeship company, am I considered paying as a member or self-employed for CPF e-Cashier voluntary top-up?

If i own a private limited company (no employees), am I considered a self-employed person (as my business is not a sole proprietorship/partnership) and am I eligible for the NTUC Training Fund (SEPs)?

CPF Annual Limit - Do I consider the month the monies hit CPF account or salary month?

As a self-employed, would it be better to contribute to CPF or a CPF-like instrument with more liquidity, such as a separate savings account?

Related Posts

If i own self-employed business in a company you start as sole-proprietor, do you need to create cpf csn and pay directly to yourself under the company? or just declare it under self employ?

As a trainee with no employer-employee relationship with my traineeship company, am I considered paying as a member or self-employed for CPF e-Cashier voluntary top-up?

If i own a private limited company (no employees), am I considered a self-employed person (as my business is not a sole proprietorship/partnership) and am I eligible for the NTUC Training Fund (SEPs)?

CPF Annual Limit - Do I consider the month the monies hit CPF account or salary month?

As a self-employed, would it be better to contribute to CPF or a CPF-like instrument with more liquidity, such as a separate savings account?

Advertisement