When that green envelope arrives each year, it’s a clear sign that tax season is here again. While we all understand that paying taxes is a civic duty, it’s hard not to feel a little heart-wrenching when you see your bank balance take a hit. You’ve probably heard of Voluntary Health Insurance Scheme (VHIS) and Qualifying Deferred Annuity Policy (QDAP). This ‘Tax-Saving Duo’ not only helps safeguard your health and future retirement life but also serves as an effective tool for tax deductions. But how can you truly save smart with them?
There are many financial planning tools available on the market, and a Qualifying Deferred Annuity Policy (QDAP) may be an ideal option. Not only can it provide a steady income stream for retirement, but also it can qualify for tax deductions if you meet the eligibility criteria. Today, let me guide you through retirement planning and explore how a QDAP can help you achieve your goals.
Increasingly, people are choosing childlessness, marrying later, or remaining single, focusing on achieving personal goals and living a life of freedom. In this context, a core question emerges: Without children, does financial planning lose its meaning? Or is it time to step outside the traditional framework and redefine what ‘legacy’ means?
Wealth transfer is not reserved for the rich. Every family, regardless of the size of their assets, has something worth passing on — whether it’s an education fund for children, financial protection for loved ones, or even family values handed down through generations. Today, I, Daniel Lau, will walk you through three key wealth transfer tools, their pros and cons, and practical ways to build a legacy plan that works for your family.
Increasingly, people are choosing childlessness, marrying later, or remaining single, focusing on achieving personal goals and living a life of freedom. In this context, a core question emerges: Without children, does financial planning lose its meaning? Or is it time to step outside the traditional framework and redefine what ‘legacy’ means?
Wealth transfer is not reserved for the rich. Every family, regardless of the size of their assets, has something worth passing on — whether it’s an education fund for children, financial protection for loved ones, or even family values handed down through generations. Today, I, Daniel Lau, will walk you through three key wealth transfer tools, their pros and cons, and practical ways to build a legacy plan that works for your family.