Banks and bill payment platforms offer tax payment facilities, which allow cardholders to earn rewards on taxes in exchange for a small fee.

Besides longer-term plans that the government sets out for the country and its ambitions, there are also specific measures included that are provided to Singaporeans for the year.

Announced a series of changes that take effect from 10 March 2025, the most significant being that the 1% fee will soon apply to all SGD transactions, starting from the very first dollar spent.

The issuance of SGD-denominated non-sovereign bonds reached its highest level in over a decade during 2024. A total of 126 issuances, making up $31.2 billion of non-sovereign bonds,

Yes, even charitable donations, education, hospitals, insurance premiums, utilities, and — wait for it — AXS transactions.

This new scheme rides on the existing SkillsFuture scheme – where all Singaporeans get a $500 SkillsFuture top-up at 25 years old. 

The increased contribution ceiling aims to help CPF members grow their CPF savings more quickly, providing greater support for retirement, housing, and medical needs.

But these goals share a common flaw: They don’t specify how.

The CPF monthly salary ceiling will be raised from Jan 1 to S$7,400, while the annual salary ceiling of S$102,000 stays unchanged.

You can plan early and make use of digital tools to lock in your preferred exchange rates.

The last thing we want is to realise in April 2025 that we could have significantly reduced our tax bill by making financial moves in 2024.

Credit cards are one of the worst things to owe money on, with interest rates around 26 per cent in Singapore.