Thoughts on the Singapore Government Audits

While this has not generated as much buzz as the "sexualized enacted scenes" of the NUS orientation camps (which I do not understand why this entire spectacle is a piece of international news), this article definitely caught my attention and made me think further. The Auditor-General's Office (AGO) released a statement publishing their findings of the Government Financial Statements, after their...

Read More

Startupbootcamp FinTech Demo Day: Key Take-aways

As you can see from our financial events calendar, we were invited to the Startupbootcamp FinTech Demo Day on 14 July. This event was held at Gardens By the Bay in the Flower Dome, Flowerfield Hall. It was definitely a fancy affair with good ambience, innovative solutions and a great crowd. The...

Read More

What happens if my OA+SA is below BRS?

Today, we would like to address this question: What happens if my OA+SA is below the BRS? Answer: NOTHING HAPPENS!* Recommended Read: What happens if my OA+SA is below BRS? 1) You do not need to personally top up your CPF accounts with your cash to reach your BRS 2) No penalty involved...

Read More

Can I Opt Out of CPF LIFE?

For an updated version, refer to the article HERE. Everyone has a goal of retiring comfortably after working more than half their lives out for money. We all hope to get a lump sum retirement fund when we reach our retirement age. But, in Singapore, our money is instead secured away and we...

Read More

Can I use my CPF to pay for my housing after 55?

For an updated version, refer to the article HERE. We have got many readers asking us if they can utilise their CPF to pay for their homes after they reach the age of 55. We have found the answer for you! Answer: YES YOU CAN! When you reach the age of 55, the money in your CPF Ordinary...

Read More

What if I can’t meet the BRS/FRS?

We got many readers asking about what happens if they failed to meet their CPF Retirement Sums (or minimum sum). Today, we would like to address this question. What happens if I can't meet the BRS/FRS? Answer: NOTHING HAPPENS! Recommended Post: What are the Retirement Sums? 1) You...

Read More