How to Take Advantage of the Singapore Government’s New Policies on CPF and SRS Before It’s Too Late
@The Investing Iguana：
🟩🟩 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 🟡TIMESTAMP 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 🔔 Make sure to SUBSCRIBE and turn on notifications, so you never miss any of our videos: https://www.youtube.com/@InvestingIguana?sub_confirmation=1 "Investing is a long-term game. Be patient, disciplined, and informed." - The Investing Iguana 👍 If you found this video helpful, please give it a thumbs up, and share it with your fellow investors. 🟥 Remember, always conduct your own research and consult a financial advisor before making any investment decisions. Happy investing, and see you in the next episode
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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