This country tag is to be used for any question that is specific to or only relevant within Singapore

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0
votes
1answer
45 views

Chances of losing money in a foreign bank account

I am working in Singapore. I am going to move to Germany. So I am not sure if I should close my bank account. Is there any chance of losing money in the account (i.e. the bank confiscates it citing ...
1
vote
1answer
34 views

Regarding NRI Tax returns

My earnings for the below period as April 2014 till June 2014 in India, July 2014 till Jan 2015 in Singapore ( More than 200 Days ), Feb 2014 till March 2015 in India I'll be paying tax in ...
2
votes
1answer
193 views

Sending income and lottery prizes to Tamilnadu, India from Singapore

I recently came to Singapore from Tamilnadu (India) for a 12 month project assignment and will be earning amount in SGD in Singapore. I came to Singapore via Employment Pass (EP). I have two ...
15
votes
7answers
4k views

Can a company pay a net salary?

I have been approached by a start-up which said that the monthly salary I would earn is a net salary, with no taxes to report on my side, because all taxes are paid and reported by the company. A ...
1
vote
1answer
345 views

What's the best gold investment strategy for a Singapore resident?

I'd like to buy gold in small amounts (1 gm) when the prices are attractive, but I can't keep a watch on it. I'm buying gold as a long term investment / hedge, and I don't have plans to sell it. ...
4
votes
1answer
1k views

What do I use for the article number and % rate on the W-8BEN form, for publishing & selling my ebooks?

I am an Indian citizen living in Singapore. I am publishing ebooks on Amazon, Apple, etc., and I have just gotten the EIN. I need help in Part II of the W-8BEN form, where it asks for the Article ...
2
votes
2answers
825 views

In your 20s how much money should you have and how to properly use & manage it?

If you're in your younger days how much money should you be earning and be spending? Should you already invest for car, house or start your own business? What is the wisest decision should a person ...
4
votes
1answer
369 views

How does bank deposit insurance work in Singapore?

When I check bank web sites in Singapore, they usually post something like below: Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under ...
6
votes
1answer
292 views

Is having a Critical Illness Insurance worth it?

I am aware that the typical argument for having a CI insurance is because we just really don't know what will happen in the future and it's better to be protected. But is it really worth it paying for ...
1
vote
1answer
75 views

What is the reasonable amount yearly for a Hospitalization + Disability Income + Critical Illness Insurance?

I live in Singapore. I'm in my mid-20s and I currently have medical insurance that covers hospitalization bills. This amounts to roughly USD 250 per year. However, I lack Critical Illness insurance ...
3
votes
3answers
386 views

is it good to buy insurance policy as investment for beginner?

I have no investment experiences before. So want to get some suggestions. Lately one insurance adviser was suggesting to buy one insurance policy as investment (they called it as saving plan ) . Here ...
4
votes
1answer
2k views

Where can I find company filing information in Singapore?

I found that in the US one can take a look and research company filing information (such as 10-K, 10-Q etc) a the SEC before they invest in a company. For Singapore I only find SGX, and couldn't find ...
6
votes
2answers
571 views

What is a private banker?

When I went to the bank , I was introduced by a staff to another woman who addressed her as a private banker. As I don't understand the term private banker clearly, below are my few questions. 1) ...
2
votes
2answers
193 views

Is it good enough to close the existing saving account and open new saving account at another bank for higher interest?

I have a saving account which can earn at most 0.25 %p.a on BANK A. I have another despoit account in BANK A for my daily usage. I found BANK B is offering 0.4% per year for the saving account. ...
2
votes
1answer
551 views

How to calculate this interest rate MSA in DBS bank (SINGAPORE)?

This morning, I check Montly Saving Account of DBS bank Singapore. I tried with their calculator via this link and came up with this. Total monthly savings $ 3,600.00 Total interest earned $ ...
4
votes
1answer
450 views

best free web app or tools to track one's cash flow

I am wondering where can I get the free web app or tools to track my monthly or overall cash flow. As for now, I do use google documents (spreadsheet for budgeting) that I can use for free to track my ...
2
votes
2answers
737 views

Best steps to start saving money for a fresh grad in Singapore?

What steps should a fresh graduate in Singapore undertake to start saving money or growing money?
12
votes
2answers
20k views

“Savings” account vs. “current” account - what's the difference?

When I draw money from ATMs or open a new bank account, there's the choice of either "savings" or "current" account. What's the difference between these two account types?
5
votes
2answers
101 views

What are the opportunities/implications of having a designated clearing bank in my home country?

NOTE: I don't come from a finance background i.e. I'm an idiot in this topic. Recently China announced that the Bank of China and ICBC will become designated RMB "clearing banks" in my home country, ...