Anonymous

15 Nov 2020

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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.

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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.

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