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Bogleheads

“Average Singaporeans” cannot retire early – findings from OCBC Financial Wellness Index

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Reading Time: 12 minutes The “average Singaporeans” cannot retire early… Well… that’s not good. That’s an interesting conclusion that I came to after looking at the results of what OCBC released this past week. (This is not a sponsored post.) On Monday 15th July 2019 OCBC released what they called “Singapore’s First Financial Wellness Index.” The study involved a … Read more

Dodge income tax (legally) on your path to FIRE in Singapore – Making use of the Supplementary Retirement Scheme (SRS)

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Reading Time: 18 minutes Everybody has to pay income tax, but there’s no sense in paying more than you need to. What if there’s a perfectly legitimate way to reduce your tax obligations that is sanctioned by the Singapore government, would you take advantage of it? How would you even start? Well, the Supplementary Retirement Scheme (SRS) is one such way. In this article, I’ll be diving into the details on how SRS works, what you can do with it, as well as an example of how I will be incorporating it into my FIRE plan.