01 March 2024 By Wealth Advisory 10 mins read While Singapore’s Budget 2024 came with some surprises, here are some ways how you can make the most of what was announced. No more “shielding” of CPF Special Account Top of the list, the biggest news to many is the removal of the ...
Singapore’s Budget 2024 emerges as a beacon of hope and resilience. Delivered by Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, this budget not only addresses the pressing concerns of rising costs and stagnant income growth but also sets a forward-looking agenda for a bette...
Overall, Singapore Budget 2024 presents a forward-looking approach designed to bolster the economy, support workforce development, and ensure the country remains a competitive global player in the coming years. For organisations consideringcompany incorporationin Singapore, Budget 2024 offers a glimpse into...
The Matched Retirement Savings Scheme, which helps Singaporeans aged 55 to 70 with less Central Provident Fund (CPF) savings by giving dollar-for-dollar matching for cash top-ups to their CPF accounts, will be expanded. Retirement Singaporeans will receive further assistance to improve their retir...
Did you know that the Central Provident Fund (CPF) is Singapore's mandatory social security savings scheme? Learn all the essentials now! Management · 25 Nov 2024 · 1 min read Business Tips Follow Business Tips (A new modal window will be opened) Contact Business Tips (A new window wil...
The central provident fund scheme in Singapore: Challenges and reform The response of the government has been to allow the CPF contribution rates of employers to be adjusted and the CPF salary ceiling to be lowered so as to reduce business costs and increase the chances of employment of older ...
CTP has been extended to the end of September 2024, and aims to support enterprises and organisations in speeding up the transfer of capabilities from foreign specialists to locals. Support levels will only be determined upon consultation with Workforce Singapore (WSG) and relevant sector agencies. ...
Working mothers with qualifying Singapore citizen children born or adopted on or after 1 January 2024 will receive a fixed dollar tax relief instead of a percentage-based Working Mother's Child Relief. To enhance the progressivity of the Buyer’s Stamp Duty (BSD) regime, higher marginal BSD rat...