Closure of CPF’s SA for age over 55 – Implications for retirement planning
The discontinuation of the Special Account( SA) for individuals aged 55 and above, is set to take effect next year. Historically, CPF members employed a “shielding” strategy to maximize their savings’ interest income. By transferring funds to their SA, members benefited from a higher annual interest rate of 4.08%, compared...
Hanoi’s Noi Bai Airport Surpasses Changi As World’s Best Airport For Business Travellers
I have often said one of the major failings of Singapore is that our people have bought into this propaganda that we are light years ahead of the rest of our Asian neighbours. Having worked and lived in Indonesia for many years, I can tell you this is rubbish propaganda. What I see in fact is how Singapore has declined significantly...
The way our reserves are handled
I share my thoughts as a citizen on the way our reserves are handled. This platform is far from being an ideal platform for me to share my thoughts in-depth, however, I will try my best to be brief but to the point. The pap government has done a marvellous job building up our reserves over the decades, thus giving us the opportunity...
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