Clueless about financial planning and investing in Singapore? Here’s where to kickstart your plans without getting lost in transaction
You’ve finally made the move to Singapore, found that dream apartment and scored an awesome gig – so what’s next on the adulting checklist? Giving your finances an upgrade, for one! Before you hit snooze (yes, the temptation is real), it’s actually not as complex as the jargon will have you believe.
NAV – Your Financial GPS, an initiative by DBS and POSB, offers rookies in financial planning the opportunity to start seriously thinking about their financial goals – whether it’s a short-term sprint or a long-term buildup, the folks at NAV Hub will be on hand to break it down for you. Located in a stylish and cosy Tanjong Pagar space, you’ll be having a conversation over a cup of coffee without the pressure of actually purchasing anything. It’s all about getting a crash course in your financial standing and walking away with a financial health check… for free!
Aside from ensuring your bank account stays in the green, you might want to consider growing your money with an investment that suits your needs. After all, there are plenty of reasons why you should consider investing in Singapore – and with the help from the NAV crew, here are our top three.
1. According to this article, Singapore’s ranked second after Hong Kong as the second-freest economy in the world, thanks in part to its low levels of corruption.
2. Putting your money in local investment? Good news! Capital gains and dividends are not taxed in Singapore. If you’re going “Say what?”, you might want to clear that up with a chat at the NAV Hub, pronto.
3. Singapore’s close trade and economic ties with China means that as the world’s largest economy grows, it’s highly likely that our little red dot will, too.
Have we got your attention? Learn more about financial planning by making an appointment with NAV! Aside from dishing out nifty financial advice, the initiative also hosts classes that cover a range of topics, such as the upcoming investment series on exchange-traded funds (ETFs) and unit trusts in April 2018. Keep a lookout at the NAV page for more details, or you can take a leaf from these savvy young trailblazers and their inspiring stories.
Psst… Setting up your finances in Singapore but don’t know where to start? Check out the DBS Expat Programme, a one-stop platform that lets you have access to the DBS Multiplier Account! It offers perks such as overseas funds transfer services, housing and investment seminars – and more.
For more information, pop over to this website.
This article is sponsored by DBS Bank