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Rachel Yeo
19 Sep 2019
Content Strategist at Seedly
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Jonathan Chia Guangrong
27 Sep 2018
SOC at Local FI
Mm if you are not investment savvy and are looking towards the long term, contributing to CPF after embarking on your new career is a good choice. Other considerations to take note of are your insurance protection coverage. Make are these are in place before you start in real estate. All the best in your new career
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Jeff Yeo
27 Sep 2018
amateur Social contributor at School of social sharing
Emergency funds
CPF
investment
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Loh Tat Tian
26 Sep 2018
Founder at PolicyWoke (We Buy Insurance Policies)
There are plenty to know for self-insured. The basics are
1) Know your income and expenses.
Income tax, medisave (declaration to CPF as self-employed)
2) Plan your cashflow very well. Plan for 1 year expenses first. (Self employed has unstable income)
3) Calculate your income tax. If assessable income more than $80,000 annum, do your tax relief (SRS preferred) to bring it to the lower bracket of 7%, Since your income tax rate will hit 15%. pass $80,000
With regards to your CPF, treat it as a bond segment if you are going BTIR, especially if you are doing retirement sum top up (tax relief up to $7,000).
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CPF is for retirement purposes. if you are disciplined enough and if you can get returns of more tha...
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