I recently saw that paying tax monthly will be beneficial as the amount that I have yet to pay can earn interest for me and that makes sense! What about insurance premium? Should I opt for monthly or annual?

For peace of mind, I will pay iupfront, and usually lump annual payments, they do give some discounts.

For insurance premium, it depends on the type of policy and whether there is a modal factor.

For policies that make no difference paying monthly or annually, then pay it monthly if you need the liquidity. Otherwise, just do it annually to keep things simple. This is because we may face other issues, e.g. unsuccessful GIRO deduction and the policy lapse. Consequently, this gives us more problems than mere interest.

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