Around the world, high inflation dominates concerns today. In Singapore, core inflation surged to 5.1% in August from a year ago — the highest in almost 14 years.
Meanwhile, Singapore regulators on 30 Sept 2022 introduced new property cooling measures, which included tighter maximum loan quantum limits for housing loans to ensure prudent borrowing and avoid future difficulties in servicing home loans.
It’s no surprise then that the high cost of living in Singapore is a top concern for 9 out of 10 Singaporeans, according to the latest study by Milieu Insights.
What can be useful is to take a hard look at the big-ticket expenses that you have right now. Here are some hacks that may help to lighten the load.
Death and taxes — and SRS
The Supplementary Retirement Scheme (SRS) is an attractive tax deferment scheme in Singapore that more Singaporeans and foreigners living in Singapore should take advantage of.
SRS is meant to motivate Singaporeans and foreigners working here to save for their retirement....