Did you know that the Central Provident Fund (CPF) is Singapore's mandatory social security savings scheme? Learn all the essentials now!
CPF Relief for Employees:Contributions to your own or your family members' Central Provident Fund (CPF) accounts are eligible for tax relief. This is an important aspect of tax savings for employed individuals. Rental Deductions:For rental income, you can deduct expenses such as property tax, mo...
Low interest rate of 4.5% per year (EIR: 5.17% per year1) APPLY NOW IMPORTANT NOTICE Update of Terms & Conditions for Education Loan From 9 March 2024, clause 21.1 will be revised. View therevised terms and conditions. Unlock endless learning opportunities ...
That returns from CPF above the rate paid to CPF members have been used to supplement government revenue was confirmed by Lee Kuan Yew in 2011 at GIC’s 30th anniversary dinner: “Second, a strong national balance sheet fosters investor confidence and hence enhances the stability of the Singapo...
1 December 2024 to 15 December 2024, earn attractive returns when you deposit minimum fresh funds of S$25,000 or US$25,000. CURRENCY MINIMUM PLACEMENT OF FRESH FUNDS TENOR PREFERENTIAL INTEREST RATE (P.A.) SGD S$25,000 1-month 2.30% 3-month 2.50% 6-month 2.50% 9-month 2.25% 12...
Designated unit trusts and approved Central Provident Fund (CPF) unit trusts. Real estate investment trusts with tax treatment under Section 43(2) of the Income Tax Act. Any company granted a specific waiver by IRAS. Form C-S/ Form C-S (lite)/ Form C filing The main tax return form, ...
SSGSs are not tradeable. They are only issued to raise income for the Central Provident Fund (CPF). These government-backed securities provide Singapore’sstate pension fundwith a steady income from interest payments. Treasury Bills Treasury bills are short-termdebtinstruments that help the national...
Businesses will also see an adjustment in their contributions to the Central Provident Fund (CPF) for employees aged 55 to 65, with an increase of 1.5 percentage points set for 2025. For employees aged 55 to 60, the current contribution rate is 31% of monthly wages, and for those aged 60...
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Starting from 1 April 2024, all new applications for MOE-funded loans will be subject to the revised interest rates. The rate adjustments will occur on a half-yearly basis, effective every 1 April and 1 October. Refer to our latest page to understand how the new interest rates may impact ...