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 […]

THE economics news may be getting worse. However, it is not expected of another Great Depression. In fact, we probably won’t see the unemployment rate match its post-Depression peak of 10.7 per cent, reached in 1982 according to economist Paul Krugman
Depression economics. like that of the 1930s in which the usual tools of economic policy […]

Those asking for ‘no advice’ put themselves at greater risk if their investment sours.
I was told by my office previously that Fact Find should cover the conditions stated in a PRATA:
P- Purpose/ Priority
R- Reason of Planning
A- Affordability
T- Term or Time Frame
A- Alternatives
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The term ‘fact-find’ cropped up in recent articles about Minibonds and DBS High Notes, […]

The Prime Minister Lee set out for his audience of 17- to 35-year- olds the overriding challenges facing Singapore in the short, medium and long term. He tells the young people of Singaporeans to work hard,
In the present economic crisis, Singapore’s most urgent concern is to keep the economy humming along and to look after […]

There was a viewpoint in the response of both the younger and the older generation with respect to the coming recession. An interview was made and the summary as follows:
THE YOUNG
Some felt unperturbed as they felt the recession means little and they can still spend as they are getting money from their parents.
The undergraduates […]