How to Take Advantage of the Singapore Government’s New Policies on CPF and SRS Before It’s Too Late
🟩🟩 Are you looking for ways to save more for your retirement in Singapore? Do you want to learn how to take advantage of the government’s new policies on CPF and SRS before it’s too late? If yes, then you need to watch this video from The Investing Iguana!
🟩 (⚡10MPPF) = TEN MINUTE PODCAST (PERSONAL FINANCE) by the Investment Iguana
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0:00 - Introduction
0:36 - Understanding CPF and SRS
1:23 - Importance of new government policies
2:15 - Increase in CPF monthly salary ceiling
4:10 - How increased CPF ceiling benefits middle-income earners
5:00 - CPF annual salary ceiling and its implications
5:55 - Benefits of the policy for employees earning above $6,000
6:48 - Introduction to Retirement Sum Topping-Up and Voluntary Contributions to MediSave Account schemes
7:40 - Simplification of rules for RSTU and VC-MA schemes
8:40 - Tax benefits of RSTU and VC-MA schemes
9:38 - Implications of policy change on existing or potential scheme users
10:30 - Increase in CPF contribution rates for senior workers
12:30 - What the increase means for older workers and younger workers
14:05 - SRS scheme and its benefits
15:40 - Limitations of the SRS scheme
16:40 - Conclusions on new CPF and SRS policies
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Middle-income earners can benefit from the increased CPF ceiling.
Don't miss out on the government's new CPF and SRS policies!