Best Electricity Plans in Singapore: SP vs OEM Retailers
Key Takeaways The Open Electricity Market (OEM) offers Singapore households the chance to choose among several electricity providers and plans, instead of purchasing electricity by default from SP Group. Plans from OEM retailers are mostly fixed price, discount-off-regulated-tariff or peak/off-peak. Fixed price plans lock in a fixed price for the duration of the contract, protecting […]
How to Reduce Income Tax in Singapore: Complete Guide
Key Takeaways Max Relief Cap: Individuals can claim a maximum personal income tax relief cap of S$80,000 per Year of Assessment (YA). However, the cap does not apply to donation deductions. Leverage Central Provident Fund (CPF) cash top-ups and Supplementary Retirement Scheme (SRS) contributions for dollar-for-dollar reduction in taxable income. Utilise charitable deductions. Eligible donations […]
50/30/20 Rule: The Easy Budgeting Method Anyone Can Follow
Key Takeaways The 50/30/20 rule is a simple and effective framework for managing your money, dividing your income into three categories: needs, wants, and savings. This method helps you balance essential expenses with lifestyle spending while building a habit of consistent saving. It is a guideline; you can adjust the percentages based on your personal […]