Alvin Soong’s Blog

SRS also known as Supplementary Retirement Scheme can help you to reduce your taxes till age 65, your retirement age, if you do it consistently. i have compiled a list of Q&A on the benefits of SRS scheme, as proposed by the government to help you save on your taxes.
Pls click on the file below:
q-a-for-srs.pdf
For […]

1) The deductible is the portion of a claim that the policyholder has to bear before the insurer pays any benefits. It is usually between $1,500 and $4,500.
For example, if you are under Plan Preferred of NTUC Income’s hospitalisation Enhanced Incomeshield, the deductible is the first $3,000 of a claim.
2) Co-insurance is a fixed percentage of […]

Check if bank can meet unit’s valuation to avoid overpaying for the property. A Spring Grove condominium unit owner was denied the chance to take advantage of lower interest rates by refinancing his devalued property without coughing up more hard-earned cash. The owner had to make up the shortfall because the reduced value of the […]

1 Take stock of your cash position - This should be in the region of six to 12 months of your monthly expenses. This is anticipation of more layoffs and unemployment.
2 Home loans - In this high-inflation, low-interest-rate environment, one of the best things you can do is to review your debts and […]

In Q3 2008, NTUC Income, the only Co-operative Insurance Company in Singapore achieved the Number 1 position in weighted premiums (a combination of API and SPI) according to results released by LIA (Life Insurance Association of Singapore) yesterday.
Weighted Premiums in Q3 2008
NTUC Income $90.7m (20.3% market share)
GE […]