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Showing posts from November, 2019

Trust Bank Singapore, New Digital Bank Freebies!

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Have you applied for your Savings Account or Credit Card with Trust Bank Singapore, Singapore's digital bank backed by a unique partnership between Standard Chartered Bank, and FairPrice Group? REFERRAL CODE: BZACYE0F ( it is a number zero, not letter ) Get $35 worth of free Fairprice vouchers and other freebies by just Downloading the Trust App and Open a Savings Account online with the App, simple/easy within 10mins!: Get free $10 Fairprice E-voucher (no minimum spend at stores/online) by entering this code ( BZACYE0F ) when apply for the Savings Account. Get free 1kg Fairprice Rice voucher Get free Kopitiam Breakfast Toast Set voucher Charge one transaction to your debit card to get free Fairprice $25 voucher (no minimum spend, at stores/online). Hack: Do a funds transfer of $1 or $10 from your own bank to Trustbank savings account. Then Just add your debit card number to Grab App, authenticate with $1 charge/refunded to your saving

Why CPF Policies Make the Rich Richer?

Why CPF Policies Make the Rich Richer? #1.   First obvious CPF Policy to make the rich richer is CPF@55 loophole/HACK where the rich can stop CPFB from transferring their Special Account (RA) monies to Retirement Account (RA) at 55.  Ms Lorna Tan shared her exploitation of this loophole in the Sunday Times on October 20, 2019.  Read this link on the details. If you read the CPF FAQ on CPF withdrawal rules and its rationale carefully, you will notice that there is a conflict of interest by CPFB Policy writers. Below is extracted from the CPF website: CPF rule quote: "The savings in members’ various CPF accounts attract different interest rates according to whether they are long term or short term funds . ....... When members turn age 55 , their Special Account savings up to the Full Retirement Sum, is transferred and set aside in the Retirement Account, to provide them monthly payouts to supplement their living expenses when they reach their p