Dear readers, Christmas is coming in a few days’ time, and then there is New Year.
While many are taking leaves off, enjoying a year-end break locally or overseas, do remember to, if you have the habit, to top up your CPF accounts by 31 Dec 22 in order to enjoy tax reliefs for Year of Assessment 2023 (i.e. next year).
While top ups to CPF accounts are optional, individuals who have the habits of CPF top ups cite the higher interest rates that their savings can accumulate on a year to year basis. Individuals who do not top up may cite alternative use of their liquidity, to cover both short and long term needs or to be used as an investment warchest.
Overall, it boils down to one’ wealth management practices, with a view to learning even better strategies to safeguard and grow one’s wealth.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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