08 Jul 2020
My employment contract is not entered in Singapore as I work offshore. Hence my employer is not required to contribute to my CPF. Is it better to still make personal contributions to CPF or what should I do as my first investment?
08 Jul 2020
amateur Social contributor at School of social sharing
I think you should contribute to CPF for two reasons
1) tax reductions
2) 2.5 % guaranteed interest in OA if you transfer to Sa thats 4 %
the money can be used for buying a house later too if you keep in OA. That's a better idea if you don't have immediate investment plans
Chin Guo Qiang
19 Jan 2020
Assistant Manager, Technology (Sys Adm.) at Artemis Health Ventures (DX Imaging)
Save the same amount intended for CPF contributions to a fixed savings account, create your own "CPF contribution" first.
6 months down the road, the money will thank you :)
Pang Zhe Liang
03 Jan 2020
Senior Financial Services Consultant at AIA Singapore Private Limited
Firstly, we need to have a complete understanding on our cashflow. Through this process, we will und...
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