Reader:
I received a bonus and I was wondering which of these should I do:
1) voluntary top up my CPF SA
2) contribute to SRS
3) help my parents to buy hospitalization insurance
4) keep it as warchest
I would be required to pay income taxes for this year of assessment. I would like to ask for your opinion.
AK:
You have to decide what is more important for you. No one can do this for you. 😉
For me, having insurance is important. Bad things happen and could wipe us out.
Having said this, your parents should be covered under Medishield Life. Check to be sure. If they are OK with staying in class C or B2 wards, there is no need to buy private shield plans.
You might be interested in this:
http://singaporeanstocksinvestor.blogspot.sg/2015/03/should-i-top-up-my-cpf-sa-cpf-ma-or-srs.html
Related post:
Enough H&S coverage for parents?
FAKE ASSI AK71 IN HWZ.
Featured blog.
1M50 CPF millionaire in 2021!
Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...
"E-book" by AK
Second "e-book".
Another free "e-book".
4th free "e-book".
Financially free and Facebook free!
Subscribe To ASSI
Posts
All Comments
Monthly Popular Blog Posts
-
It has been a while since my last blog. Hope everyone is doing well. Instead of revealing the numbers at the end of the blog, I have put it ...
-
Time for another update. First, on the personal front, I have been spending more time on other stuff in life as I have been feeling that too...
-
Been a while since my last blog post. Hope everyone is staying calm as stock markets crash around the world. I produced a video last night w... -
Today, Marco Polo Marine's share price rose significantly on the back of much higher volume and the recent visit by a group of investors... -
I thought of not blogging about my 2Q 2020 passive income till a couple of weeks later because Mod 19 of Neverwinter, Avernus, just went liv...
All time ASSI most popular!
-
A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que... -
The plan was to blog about this together with my quarterly passive income report (4Q 2018) but I decided to take some time off from Neverwin...
-
Reader says... AK sifu.. Wah next year MA up to 57200... Excited siah.. Can top up again to get tax relief. Can I ask u if the i...
-
It has been a pretty long break since my last blog. I have also been spending a lot less time engaging readers both in my blog and on Face...
-
Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...
Bloggy Award