“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”
― Albert EinsteinThe best and the guaranteed return of your investments comes from the tax rebates world over. You could save over 30% in most countries and upto 20% in Singapore, depending on your income. Average of rate of returns even in equities are way below the tax rebates for investment options. So it's extremely important to maximize your returns using the available investment options.
SRS is one such compelling investment option for employees in Singapore. It's been a great start to the year so far with both the bond and equity markets looking bullish world over. Please find below the returns from the Mutual Funds basket for the first half of 2014 and add to it the possible tax rebates of upto 20% for your contributions.
Why wait till December for the contribution when you could take advantage of the positive global sentiments. Please click here for more details on the contribution amounts and effects of power of compounding on your investments.
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