Budget 2014: A Quick Summary

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Budget 2014: A Quick Summary

Postby raysusan » Fri Feb 21, 2014 9:08 pm

http://www.fivestarsandamoon.com/budget ... ck-summary

Healthcare
* Permanent subsides for MediShield Life Premiums

* Subsidies at specialist outpatient clinics for lower and middle income Singaporeans raised to 60% and 70% respectively

* CPF Employer Medisave rates up 1% for all workers

* One year Temporary Employment Credit to help employers offset 0.5% of wage increase

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Re: Budget 2014: A Quick Summary

Postby raysusan » Fri Feb 21, 2014 9:10 pm

SUPPORT FOR ELDERLY

* “Pioneer Generation” package to assure citizens who were aged at least 16 in 1965 get affordable healthcare for the rest of their lives

* Package estimated at costing just over S$9 billion

* Will get discounted outpatient care, top ups to their Medisave accounts, and subsidies for the new national MediShield Life insurance system

* To raise CPF contribution rates for workers aged 50 to 55 by 1.5 percentage points, 1 percentage point from the employer and 0.5 percentage points from the employee

* Will raise employer contribution rate for those aged 55 to 65 by 0.5 percentage points

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Re: Budget 2014: A Quick Summary

Postby GLORYmum » Fri Feb 21, 2014 9:37 pm

No cut in corporate or individual tax rate?

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Re: Budget 2014: A Quick Summary

Postby GLORYmum » Fri Feb 21, 2014 9:37 pm

No cut in corporate or individual tax rate?

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Re: Budget 2014: A Quick Summary

Postby starlight1968sg » Fri Feb 21, 2014 9:48 pm

GLORYmum wrote:No cut in corporate or individual tax rate?

I didnt hear it mentioned from the tv news.

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Re: Budget 2014: A Quick Summary

Postby NY1969 » Fri Feb 21, 2014 9:50 pm

They didn't relax the loan curb. Guess near future all new launches will be very challenging.

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Re: Budget 2014: A Quick Summary

Postby starlight1968sg » Fri Feb 21, 2014 9:52 pm


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Re: Budget 2014: A Quick Summary

Postby jetsetter » Fri Feb 21, 2014 10:09 pm


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Re: Budget 2014: A Quick Summary

Postby Funz » Sat Feb 22, 2014 12:22 pm

Finally, they allow more than 1 child to claim parental relief. I've been complaining about that since I had to pay tax. Ha.

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Re: Budget 2014: A Quick Summary

Postby zbear » Sat Feb 22, 2014 9:15 pm

Can claim parent in law relief?

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