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EPF 8% Means Paying More Income Tax
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<blockquote data-quote="funfer_fahrer" data-source="post: 320939" data-attributes="member: 2733"><p>* 3% goes to credit card payment (18% PA) makes sense. (time based)</p><p>* 3% goes to housing loan (7% PA) also makes sense. (time based)</p><p>* 3% goes to paying off car loan. Not a good idea since it is a flat rate interest rate. Not much savings though.</p><p>* 3% goes to Mutual Fund, I don't think it is a good idea especially when the current EPF accumulated amount is big. (Unless the fund gives at least 50% return PA on average)</p></blockquote><p></p>
[QUOTE="funfer_fahrer, post: 320939, member: 2733"] * 3% goes to credit card payment (18% PA) makes sense. (time based) * 3% goes to housing loan (7% PA) also makes sense. (time based) * 3% goes to paying off car loan. Not a good idea since it is a flat rate interest rate. Not much savings though. * 3% goes to Mutual Fund, I don't think it is a good idea especially when the current EPF accumulated amount is big. (Unless the fund gives at least 50% return PA on average) [/QUOTE]
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EPF 8% Means Paying More Income Tax
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