A few more weeks to end of 2012! Remember to topup your SA $7000 (new ruling, limits raised as no longer considr OA), topup SRS $12750. If your tax rate is 15%, already save close to $3000 in tax!! Free trip to HK for family!
ipropertyguru
A few more weeks to end of 2012! Remember to topup your SA $7000 (new ruling, limits raised as no longer considr OA), topup SRS $12750. If your tax rate is 15%, already save close to $3000 in tax!! Free trip to HK for family!
Senior
Got money go and borrow more, no money save more.
Can never out save the Fed.
http://www.huffingtonpost.com/huff-w...green&ir=green
On Tuesday, the Fed began a two-day meeting, which will end Wednesday afternoon with a statement announcing its policy decisions. Afterward, the Fed will update its forecasts for the economy, and Chairman Ben Bernanke will hold a news conference.
The expectation is that the Fed will unveil a program to buy $45 billion a month in long-term Treasurys. This would replace an expiring program called Operation Twist. With Twist, the Fed sold $45 billion a month in short-term Treasurys and used the proceeds to buy the same amount in longer-term Treasurys.
Twist didn't expand the Fed's investment portfolio; it just reshuffled the holdings. But the Fed has run out of short-term securities to sell. So to maintain its pace of long-term Treasury purchases and help keep long-term rates low, it must spend more and increase its portfolio.
The new bond purchase plan would join a program announced in September. Under that program, the Fed is buying $40 billion a month in mortgage bonds to try to force already record-low home-loan rates lower to encourage home buying. The total Fed bond purchases from the two programs would remain $85 billion.
85 of this a month. One year 85x12=1020 Billion=1.02Trillion
Newbie
Top up SA also got tax relief meh?Originally Posted by leesg123
ipropertyguru
Can, but not via transfering from OA to SA. Need cash topup.
http://iras.gov.sg/irasHome/page04_ektid196.aspx
mutant powerpuff
Where you get this info, how come I dunno?
Please share the website.
TIA.
Property Newbie
lol!Where you get this info, how come I dunno?
Please share the website.
TIA
he mean the $3k can be use to 'sponsor' your family for next trip to hk
btw,
I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)
mutant powerpuff
LOL.....lol!
he mean the $3k can be use to 'sponsor' your family for next trip to hk
btw,
Thanks.
I tot I missed out on something.
Senior
Does it has an effect on SOR? It has dropped since last friday.Got money go and borrow more, no money save more.
Can never out save the Fed.
http://www.huffingtonpost.com/huff-w...green&ir=green
On Tuesday, the Fed began a two-day meeting, which will end Wednesday afternoon with a statement announcing its policy decisions. Afterward, the Fed will update its forecasts for the economy, and Chairman Ben Bernanke will hold a news conference.
The expectation is that the Fed will unveil a program to buy $45 billion a month in long-term Treasurys. This would replace an expiring program called Operation Twist. With Twist, the Fed sold $45 billion a month in short-term Treasurys and used the proceeds to buy the same amount in longer-term Treasurys.
Twist didn't expand the Fed's investment portfolio; it just reshuffled the holdings. But the Fed has run out of short-term securities to sell. So to maintain its pace of long-term Treasury purchases and help keep long-term rates low, it must spend more and increase its portfolio.
The new bond purchase plan would join a program announced in September. Under that program, the Fed is buying $40 billion a month in mortgage bonds to try to force already record-low home-loan rates lower to encourage home buying. The total Fed bond purchases from the two programs would remain $85 billion.
85 of this a month. One year 85x12=1020 Billion=1.02Trillion
~~~~~~~
Can withdraw money anytime from SRS but not SA rite?
Newbie
What happened to topping up parents' SA for tax relief? Has that been scrapped?
Music of the night
$3k is peanut if compared to lost opportunity cost ...
Ride at your own risk !!!
ipropertyguru
SA can withdraw if return nric
mutant powerpuff
Still got, but parents' annual income must not exceed $4k per annum.
http://mycpf.cpf.gov.sg/Members/Top-Up_LO.htm
Property Newbie
wah piang..
what type of job pay $4k/year?
I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)
Newbie
Tks. Think topping up parents don't need 4k.. its the spouse and siblings that has the max 4k requirement.
Sigh.. whatever you make in rental all goes back to gahmen in terms of tax... prop tax, income tax else its to pay agents' fees....
mutant powerpuff
Yalor, cleaner also get more than that.
Maybe part time cleaner?
Part time baby sitter?
Junior
retirement job with some dividend income lah. plus allowance from kids not taxable.
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