CDL H Trust Right issue result update

As mentioned in her earlier post, 笨mummy has subscribed to the right issue of CDL H Trust - her full entitlement of 1,600 units as well as excess rights of 6,400 units. She received a total of 2,600 consisting of 1,600 of her entitlement and excess of 1,000. 

 After the right issue, 笨mummy now has a total of 10,600 units of CDL H Trust.

Updates for Jul 2017

笨mummy was expecting July to be a quiet month like in the past since it is not a period where much cash inflow is expected from any of her stock holding. But things turn out rather differently, 笨mummy had:  

• Divested Ascendas REIT shares that she bought in Dec 2016 at S$2.30 at S$2.60. She gained a decent profit. The cash free up from this sales were used to fund the Netlink Trust IPO and CDL H Trust right issue. 
• Purchased 5,000 units of M1 at S$1.86 and this average down the buying price of her M1 holding which now totalled to 15,000 units. 
• Subscribed to the right issue of CDL H Trust. She had subscribed to her full entitlement of 1,600 units as well as excess rights of 6,400 units. 
• Subscribed to IPO of Netlink Trust and managed to be allocated 3,000 units of the new shares
• Managed to secure a letter of offer for refinancing from OCBC for her HDB housing loan. Currently she is enjoying a fixed rate of 1.58% from UOB till Feb 2018 and thereafter the rate would move to 1.78% and the offer from OCBC is a fixed rate 1.30% for the first two years. 

On personal matters, 笨mummy had been busy this month. She was approached by two recruitment firms and attended two interviews arranged by the firms respectively. She also received update from a childcare centre that there is a vacancy for infant care and she could enrol Child 2 if she needs to go back to work. 

While she enjoys her time being a stay at home mum, she still yearn for the recognition and financial benefits from working. She shall see how things work out in the next few weeks. Maybe things would remain status quo if no favorable response from both interviews.  

Dividend received in Year 2014	$ 8,241.99
Dividend received in Year 2015	$ 8,978.59
Dividend received in Year 2016	$ 12,145.15
Dividend received in Jul 2017	$ 0
Dividend received in Year 2017 to date	$ 6,497.80

Updates for Jun 2017

Six months has passed and the total dividends received to date is only S$ 6,497.80 and 笨mummy is S$ 8,502.20 away from her target of S$15,000. This seems to be an unattainable goal based on current result, but we shall see how things go. 

Following Ascott Trust, another of 笨mummy's shares (CDL H- Trust) is announcing rights issue. 笨mummy would likely to be subscribing to her full entitlement plus excess rights depending on how much spare cash she has at the moment. As she has both holdings of this stock in SCB and CDP, more admin effort would be expected. 


Dividend / interest for month of Jun 17:  
Ascendas REIT - S$ 293.85
OCBC - S$ 195.48
Ascendas H Trust - S$ 240.80

Dividend received in Year 2014	$ 8,241.99
Dividend received in Year 2015	$ 8,978.59
Dividend received in Year 2016	$ 12,145.15
Dividend received in Jun 2017	$ 730.14
Dividend received in Year 2017 to date	$ 6,497.80

Saving tips - part 1

Having a new role as the CFO of the household, 笨mummy needs to improvise and learn a few new tricks to manage her expenses well. Here are some of the "tricks" she picked up in the recent weeks for sharing. 

1) Looking out for samples before checkout

Before she checkout of her groceries shopping on online websites, such as Redmart and  Fairprice online, 笨mummy would always do an additional step to search for the keyword "sample" to see what items are being offerred as samples for 笨mummy to pick up before she completes her shopping. 

In the recent shopping on Redmart, she had picked up 

• A Nescafe Gold Latte Coffee Sample pack for S$0.25 which consists of 4 packs of the Nescafe Gold Latte Coffee (which a packet of 12 could cost around $6.50).
• A sample 370g tin of Enfagrow A+ Gentlease stage 2 stage for Child 2 at $0.10. This is a real bargain considered how expensive milk powder can be, and being, older and starting to weaning, Child 2 has no problem drinking milk powder from other brands)

Below is a printscreen of what are offered on Redmart that you can find: 

2) Qoo10 Gift card

As a regular shopper on Qoo10, it is only now that 笨mummy discovers the gift card. Qoo10 allows a shopper can actually buy gift card of $100 value on Qoo10 at a discount of 3%. If you are a regular buyer, like 笨mummy, you can actually save $3 for every $100 you spent when you purchase the gift card and use the gift card to top up your Q Money. 

That's all 笨mummy has to share for now. If anyone has any saving tip, do share with her. Saving is caring. :)

How to minimise individual income tax for a working couple

Although Singapore’s tax rate is one of the lowest in the world, 笨mummy hold the belief that one should aim to pay his/her fair share of tax and claim all the reliefs that one is entitled to. As a working couple, 笨mummy always need to take into account of her hubby’s income and reliefs as well as hers when preparing the individual income tax filing as to minimise the tax payable for them as a couple.

Here are her workings in computing the prefect combination of reliefs to be split between the couple to achieve the lowest tax payable possible:

• Step 1: List down the income of both couples as well as the tax reliefs available. This can be easily extracted from the draft form B1 when you log in the IRAS tax portal. 

• Step 2: Identify the “non-shareable” reliefs and the “shareable” reliefs. Non-shareable reliefs are those that are only allowable to a particular person, for example, working mother child relief is allowed to the mother (i.e. the wife), while earned income relief, CPF relief, etc are only allow to that particular individual (i.e. the husband or the wife). While shareable relief can be split and share amongst the couple. 

• Step 3: Compute the chargeable income net of non-shareable reliefs

• Step 4: Split the shareable reliefs according to the highest marginal tax rates

Here is an example for illustration of how the above work:

Assuming both husband and wife are working and they have one child. The wife would be entitled to the working mother relief which is 15% of her total income. 

INCOME		Husband	Wife
Employment income		100,000	100,000
Other income		-	-
TOTAL INCOME		100,000	100,000
DEDUCTIONS AND RELIEFS
Non-shareable reliefs
Approved Donations		68	65
Earned income relief		1,000	1,000
Working mother's child relief		NA	14,990
Grandparent caregiver relief		NA	3,000
CPF/provident Fund relief		17,000	16,000
Course fees relief		-	-
Foreign maid levy relief		NA	-
CPF cash top-up relief		-	-
Supplementary Retirement Scheme (SRS) relief		-	-
NSman(Self/wife/parent) relief		1,500	750
TOTAL NON-SHAREABLE RELIEFS		19,568	35,805
Shareable reliefs
Qualifying child relief	4,000
Parent relief	0
Net chargeable income net of non-shareable reliefs		80,432	64,195
Husband tax rate		Amount	Tax rate
		20,000	0%
		10,000	2%
		10,000	3.50%
		40,000	7%
		432	11.50%
		80,432
Wife tax rate		Amount	Tax rate
		20,000	0%
		10,000	2%
		10,000	3.50%
		24,195	7%
		64,195

As in this example, the amount of $432 of husband attracts the highest tax rate of 11.50%, follows by the $40,000 (Husband) and $24,195 (wife) attracting the second highest rate of 7%. The couple has a few choices of split the child relief: 

1. S$432 to husband and balance to wife, 

1. All $4,000 to husband

Updates for May 2017

Another harvesting month again, the total dividends received is S$2,503.12 due to a number of bonds and preference shares issued out its coupon payout in this month.  笨mummy also made a small profit of S$400+ from the sales of 5,000 units of ST Eng at S$3.75 and subsequent re-purchase of them back at S$3.65. 

Dividend / interest for month of May 17:  

Oxley Bond - S$123.97

ST Engineering  - S$ 600.00

Keppel Corporation - S$ 360.00

Comfortdelgro - S$ 60.50

DBS Pref Share - S$ 233.07

FCL Treasury - S$ 181.00

Acendas India Trust - S$ 296.00

Mapletree GCC - S$ 37.31

Nera Tel - S$ 25.00
Kingsmen - S$75
Suntec REIT- S$242.50
SPH - S$120
Hyflux Pref share - S$148.77

Dividend received in Year 2014	$ 8,241.99
Dividend received in Year 2015	$ 8,978.59
Dividend received in Year 2016	$ 12,145.15
Dividend received in May 2017	$ 2,503.12
Dividend received in Year 2017 to date	$ 5,767.67

Updates for Apr 2017

As 笨mummy was clearing her leave from middle of the month and she had spent some time doing spring cleaning. She also caught the Carousell bug and started selling pre-loved baby clothes, home appliance that she bought but not used and items that she got from lucky draws. In total she had made about $200+ from the sales. 

Finance wise, 笨mummy received quite substantial amount of dividend / coupon payout in April. She also received the result for her Ascott right issue and she was glad that she received her full entitlement as well as the excess rights that she applied. In total, she now have 11,000 units of Ascott Trust.  

As now she is not going to receive a salary crediting in May, she made a move to open a UOB One account and applied for a UOB One card and lady card. She planned to move her money if $50,000 in OCBC 360 account to UOB One card for better interest as without the salary crediting, the interest from 360 account would be only 0.60%. This also mean that 笨mummy needs to monitor and make sure that her spending for the calendar month would be at least $500. 

As for the balance amount, it would be moving to the esaver account for a better interest of 1.15%. Then it is time to close the 360 account.

Dividend / interest for month of Apr 17:  

Genting Corporate Bond - S$255.55

M1  - S$590.00

Hyflux Pref Share - S$89.75

Perennial Bond - S$139.12

Dividend received in Year 2014	$ 8,241.99
Dividend received in Year 2015	$ 8,978.59
Dividend received in Year 2016	$ 12,145.15
Dividend received in Apr 2017	$ 1,074.42
Dividend received in Year 2017 to date	$ 3,264.55