Singaporeans are a fortunate bunch when it comes to retirement and tax planning.
The Central Provident Fund (CPF) scheme has been tailored and tweaked over the years to help better prepare you for retirement.
And for those who are looking to reduce their tax liabilities, the government has introduced the Supplementary Retirement Scheme (SRS) account.
Contributions to this account will help to defray your tax expense.
Your CPF Ordinary Account currently earns a near risk-free interest rate of 2.5% per annum.
Yet, the rate offered is barely sufficient to beat inflation.
Meanwhile, SRS funds provide an even more measly return of just 0.05% per annum.
Fortunately, you have the option of investing the money in these two accounts to increase your returns and boost your retirement funds.
Here are five stocks to consider for your CPF or SRS investment accounts.
Mapletree Logistics Trust (SGX: M44U)
REITs are a great investment choice if you’re looking to boost your income flow....
