Claiming NSman Relief for Yourself, Your Wife, and Your Parents

Claiming NSman Relief for Yourself, Your Wife, and Your Parents

Did you know that you are not required to be a National Serviceman (NSmen) to be entitled to the NSman tax relief? Although this tax relief is given to recognise NSmen’s contributions to National Service, NSman Wife, and NSman Parent Reliefs are also given to the wives and parents of NSmen respectively to recognise the […]

A Guide to Grandparent Caregiver Relief (GCR)

A Guide to Grandparent Caregiver Relief (GCR)

It can be tricky navigating being a working mother while also being concerned with having a trusted guardian for your child while at work. Your parents are usually whom you may turn to, to be the ones you can entrust this duty with. Therefore, the Grandparent Caregiver Relief (GCR) is given to working mothers who […]

9 key financial habits to have when expecting a baby

key financial habits to have when expecting a baby

9 key financial habits The most common question young couples have when they want to have a baby or when expecting a baby is, how much should they have to financially prepare for all the expenses that will come their way when expecting their firstborn? This article is here to help young couples be financially […]

A Complete Guide to the Parenthood Tax Rebate (PTR)

A Complete Guide to the Parenthood Tax Rebate (PTR)

What exactly is the Parenthood Tax Rebate (PTR)? If this is your first-time hearing about PTR, it is one of the ways the Singapore government is encouraging couples to have more children by providing them with financial support for bringing them up. The lump sum rebate is given to most Singapore tax residents who may […]

Getting Tax Relief as A Working Mother – Working Mother’s Child Relief (WMCR)

Getting Tax Relief as A Working Mother - Working Mother's Child Relief (WMCR)

If you are a working mother, you may have heard from your peers about Working Mother’s Child Relief (WMCR). This is a tax relief given to women who are both full-time mothers and employees. This is given to working mothers who are married, divorced, or widowed to recognize and encourage married women in Singapore to […]

Everything you need to know on the Child Relief/Handicapped Child Relief

Everything you need to know on the Child Relief/Handicapped Child Relief

Qualifying Child Relief (QCR) and Handicapped Child Relief (HCR) are given to parents to recognise their efforts in supporting their children. Being eligible allows you and your spouse to claim tax relief of $4,000 per child under QCR, or $7,500 per child under HCR. In this article, we will walk you through the qualifications you […]

A Student’s Guide to Applying For a HDB BTO – All You Need To Know

A Student's Guide to Applying For a HDB BTO - All You Need To Know

Something that almost all Singaporean couples can relate to is knowing that the next big step in a relationship is when your significant other asks if you would like to apply for a BTO together. It is a decisive and bold statement, marking the love and affirmation that this person sees you in their future. […]

The Ultimate Guide to Financial Planning for New Parents

Financial Planning for First-Time Parents: An In-Depth Guide

Being a first-time parent is truly an indescribable feeling and an exciting experience. It also comes a new set of responsibilities. With a little one now fully dependent on you – mentally, physically, and financially, it amplifies the necessity for you to plan a roadmap for securing your financial future. Our ultimate guide covers the […]

Can I Contribute to my Newborn’s CPF Ordinary & Special Account?

Can I Contribute to my Newborn's CPF Ordinary & Special Account?

First published in TreeofWealth.sg Can I Contribute to my Newborn’s CPF Ordinary & Special Account? Congratulations on your new little bundle of joy! As a parent, you’re embarking on a wonderful childrearing journey that will change your life in unimaginable ways. But before you can even think about all the amazing things to come, there […]