When it comes to personal finance, we are always reminded that while our needs and wants are infinite, but our budget is not. The same can be said when it comes to budgeting on a national level. Like it or not, a country can only spend what it has.
The government needs to decide on what it should spend its revenue on. As a country, we can choose to 1) spend more on people on its people today, 2) invest in its future generation by allocating more funds to education and training or 3) seek continuous improvements by investing in our country’s infrastructure.
So, while we all love and appreciate roads, schools, government subsidies, these and other government expenditure are paid for with taxes.
Here is an overview of the various types of taxes that are collected in Singapore and how they are used to keep Singapore going for years to come.
Read Also: Guide To Understanding Taxes In Singapore, And Who Pays For Them
From now till 31 January 2019, DollarsAndSense is running a special promotion with SingSaver for 6 Different Air Miles Cards.
Use these links below to sign-up for any of these 6 air miles cards to receive exclusive cash and vouchers from SingSaver, on top of any perks given by individual banks.
# 1 American Express Singapore Airlines KrisFlyer Credit Card
[SingSaver Exclusive]: $150 Cash for new and existing customers
26,600 bonus miles if you spend $3,000 within the first three months, and another $3,000 between 4th month and 6th month.
# 2 American Express Singapore Airlines KrisFlyer Ascend Credit Card
[SingSaver Exclusive]: $150 Cash for new and existing customers.
49,900 bonus miles if you spend $6,000 within the first three months, and another $6,000 between 4th month and 6th month, and pay the annual fee of $337.05
# 3 Citi PremierMiles Visa Card
[SingSaver Exclusive]: $200 vouchers Cash for new Citi customers. $30 for existing customers.
30,000 bonus miles if you spend $7,500 within the first three months and pay the annual fee of $192.60.
[SingSaver Exclusive]: $200 vouchers Cash for new Citi customers. $30 for existing customers.
[SingSaver Exclusive]: $50 Cash for new and existing customers.
# 6 OCBC Titanium Reward Cards Credit Card
[SingSaver Exclusive]: $100 Cashback for new customers.
Note: If Air Miles cards are not your cup of tea, you can also take a look at cashback cards.
Terms and conditions apply. The FAQ can be found here.
DollarsAndSense.sg is a website that aims to provide interesting, bite-sized financial articles which are relevant to the average Singaporean. Love what you just watched? Subscribe to the DollarsAndSense YouTube channel for more great finance videos!
DollarsAndSense.sg aims to provide interesting, bite-sized and relevant financial articles.
Learn together with like-minded Singaporeans at the Personal Finance Discussion SG Facebook Group by discussing a range of personal finance topics.
If you have not done so, subscribe to our free e-newsletter to receive exclusive content not available anywhere else.
