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......