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MR Loh!! Thoughts and Reflections About Completing NS (And the Financial Perks)
By Sethisfy  •  February 17, 2020

Has it really been ten reservist cycles and 13 years since I shaved my hair and reported to Tekong as a wide-eyed, hapless recruit? I’ve been asking myself that a lot because I cannot believe that I have finished my National Service obligations.

It’s very hard to articulate the feelings I have about something I used to dread but now feel quite sad to part. To ease myself into it, I’ll start by talking about the financial aspects of finishing one’s NS obligations, since this is a personal finance blog after all.

Reduced NSman tax relief

Thankfully, even after MR (placed in MINDEF Reserve), I am still eligible for NSman Tax Relief. As a puny Corporal First Class not holding any key appointments, I can claim $1,500 of tax relief every year just for having served National Service. It’s not much, but it’s something every year

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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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