March came and went rather quickly for me because of a 1.5 week high key reservist duty that I had to do as part of my 10-year NSmen cycle. I for one, enjoy going for reservist duty because it’s the perfect opportunity to take my mind off work, enjoy the free food and make full…
The Monetary Authority of Singapore (MAS) has just released a press release with more details about the Singapore Savings Bonds (SSB) programme that I blogged about earlier. SSB will only be available for individuals – will be launched in the second half of this year (New!) Investors can put in a minimum of S$500, and in subsequent…
This month was rather muted for me as there wasn’t any returns on my investment portfolio. But apart from the regular income from my day job, I have earned $600 from my active income this month. Active Income: $600 Website Maintenance Project ($300) During my reservist, a former client of mine sent me an email requesting for…
The Government and Monetary Authority of Singapore (MAS) are planning to introduce Singapore Savings Bonds (SSB), a new type of bonds to help individual investors get a better return on their savings. “In short, the Singapore Savings Bonds will offer the higher returns of a long-term bond and give what investors call a term premium,…
The Singapore government has always been encouraging the spirit of philanthropy and giving and one of the best policies that was implemented was giving tax deductions for donations made to a tax-deductible charity. Since 2009, qualifying donations have been entitled to a 250 per cent tax deduction. There are a few ways to reduce taxable income in…
It’s that time of the year again when you receive a letter or SMS from the Inland Revenue Authority of Singapore (IRAS) to file an Income Tax Return for income earned in 2014. If you only have auto-included income and their relief claims are the same as the previous year, IRAS may waive the requirement for you to…