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Your cash proceeds may be much lesser than what you would expect when you sell your flat

Read More: https://dollarsandsense.sg/happens-money-sell-flat-singapore/

7 Changes To CPF Policies And When They Will Be Implemented The amendments to CPF will make it easier for members to make top-ups, claim nominated monies and be administratively simpler.

Yesterday, we announced that people with a history of allergies can now safely take Pfizer-BioNTech and Moderna vaccines (both mRNA) and that Sinovac will be offered for free for those who cannot take the mRNA vaccines or for specific medical reasons. Many have asked these questions.

1️⃣ Is the Sinovac vaccine free to everyone who opt for it? How will the government reimburse me for the vaccination fee?

Only if you were previously rejected from taking the mRNA vaccines because you had severe allergies or were allergic to the first dose. You can go to any of the approved private clinics to get vaccinated with the Sinovac vaccine for free. It will be hassle-free and you do not need to pay.

For all other individuals who prefer Sinovac for non-medical reasons, it will be a private arrangement with the vaccine provider, and will have to pay an admin fee to the private providers.

2️⃣ If Sinovac is safe enough to be allowed for use, under the Special Access Route (SAR), why is it not part of the national vaccination programme and covered by the Vaccine Injury Financial Assistance Programme (VIFAP)?

These are two separate decisions.

For vaccines to come under the national vaccination programme, it has to go through a rigorous evaluation of its safety and efficacy. From global and local data, both the Pfizer-BioNTech and Moderna vaccines met these criteria. We are still awaiting some outstanding data on the Sinovac vaccine to complete our evaluation.

In the meantime, we will put the Sinovac vaccine under the Special Access Route, so that private providers can draw on our existing stock to administer to individuals who wish to have it.

3️⃣ What about those who had severe adverse reactions after their first dose of the Pfizer-BioNTech or Moderna vaccine? Can they opt for other vaccines on the SAR?

Yes, there are some 2,000 individuals in this category. They should not receive an mRNA vaccine again.

To protect them against COVID-19, we are also evaluating other suitable non-mRNA vaccines. We expect to make such vaccines available before the end of this year for use in our national vaccination programme, after the vaccines have been rigorously assessed and approved by the HSA. However, if this group of individuals are unable to wait for the alternative non-mRNA vaccines, they can consider taking non-HSA authorised vaccines under the SAR such as Sinovac.

Be Ready With Your CPF

Managing Your Health Life is made up of a series of key life events. Planning for what comes your way is important. Here’s what you need to know about CPF in these life events.

Besides your salary, your job provides you with financial stability through medical coverage, paid leave and CPF contributions. It is also the best time for you to consider reviewing your insurance coverage.

3 financial benefits that come with your first job Life is made up of a series of key life events. Planning for what comes your way is important. Here’s what you need to know about CPF in these life events.

CareShield Life, a long-term care insurance scheme that provides lifelong monthly cash payouts in the event of severe disability, will commence on 1 October 2020.

All Singapore Citizens and Permanent Residents born in 1980 or later will be automatically covered by CareShield Life, while those born in 1979 or earlier can opt to join CareShield Life or switch from ElderShield from end-2021.

CareShield Life, a long-term care insurance scheme that provides lifelong monthly cash payouts in the event of severe disability, will commence on 1 October 2020.

All Singapore Citizens and Permanent Residents born in 1980 or later will be automatically covered by CareShield Life, while those born in 1979 or earlier can opt to join CareShield Life or switch from ElderShield from end-2021.

Learn more about CareShield Life here: https://www.careshieldlife.gov.sg

Universal minimum wage of S$1,300 could be considered 'parallel' to 'minimum wage plus' approach: Pritam Singh SINGAPORE: Singapore could implement a universal minimum wage with S$1,300 as a base, even as it explores sectoral improvements under the ...

Parents would give their child the world if they could… and having the right insurance in place is a good way to start.
Not sure how to get started? Drop me a message to find out more.

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