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Singapore Budget 2009
Last Post 07 Feb 2009 01:58 PM by lavendersky. 156 Replies.
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lollie
I'm a teenage Shroomy!
Posts:1265
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| 22 Jan 2009 06:53 PM |
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Posted By 1727 on 01/22/2009 06:40:14 PM
More focus on employers than employees. Does that mean that employer will in return give us bonus or pay raise? Don't think so lor.
Can consider investing in education..or go be civil servants.
Low morale.
Agree!
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Naturalis
Posts:499
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| 22 Jan 2009 06:54 PM |
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the 12% wage rebate lighten the employer load by a max of $300 x 12 months for each employee.
$3600. that is a lot of money. |
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lollie
I'm a teenage Shroomy!
Posts:1265
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| 22 Jan 2009 07:10 PM |
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Posted By Naturalis on 01/22/2009 06:54:04 PM
the 12% wage rebate lighten the employer load by a max of $300 x 12 months for each employee.
$3600. that is a lot of money.
Can my boss give me the $3600 the govt gives since our company not really affected?
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surfuz
I'm an experienced adult Shroomy!
Posts:4053
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| 22 Jan 2009 08:50 PM |
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Posted By ribena on 01/22/2009 05:13:23 PM
Posted By LaoHero on 01/22/2009 05:09:27 PM
From today’s Budget Speech:
The Jobs Credit that an employer receives will comprise 12% of the first $2,500 of the wages of each employee who is on the CPF payroll. It will be given in four quarterly payments, with each payment being based on the workers who are with the employer at the time. This will therefore provide incentive for employers to retain their local workers. For example, for a worker whose wage is $2,500, an employer will get $900 a quarter, or $300 a month
Super unfair for foreign companies like DHL who employ so many expats!!!!!!! Kaoz, the government is subsidizing the companies for the local workers. But then, all the savings will go to the expats!! BAH!!!!!
think the idea is to make it cheaper to employ local workers. so if retrench, foreigners become more ex.
anyway the cap is $2500. it is targeted at lower income workers. expats or high income locals not much diff.
perhaps this will reverse current trend.. and we see reduction of foreign worker in sectors where singaporeans are keen to work in.. e.g. certain service industries. |
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Naturalis
Posts:499
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| 22 Jan 2009 09:02 PM |
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hi lollie,
you can try asking your boss for the $300. =) haha
what industry r u in? most people are affected.
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surfuz
I'm an experienced adult Shroomy!
Posts:4053
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| 22 Jan 2009 09:19 PM |
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had tot there will be reduction of property stamp duty.
wonder if there'll be more GST credits for NSmen, as always?
overall, think it's a good budget :) |
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cwong2910
I'm a toddler Shroomy!
Posts:411
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lollie
I'm a teenage Shroomy!
Posts:1265
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| 22 Jan 2009 09:25 PM |
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Posted By Naturalis on 01/22/2009 09:02:27 PM
hi lollie,
you can try asking your boss for the $300. =) haha
what industry r u in? most people are affected.
Dun have to ask sure dun have one...haha..
Cannot disclose which industry so openly lah...
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surfers
I'm an experienced adult Shroomy!
Posts:5770
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| 22 Jan 2009 09:30 PM |
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Posted By lollie on 01/22/2009 07:10:34 PM
Posted By Naturalis on 01/22/2009 06:54:04 PM
the 12% wage rebate lighten the employer load by a max of $300 x 12 months for each employee.
$3600. that is a lot of money.
Can my boss give me the $3600 the govt gives since our company not really affected?
It's meant to help companies to cut cost, not bonus for employees. LOL. :)
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surfuz
I'm an experienced adult Shroomy!
Posts:4053
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| 22 Jan 2009 09:30 PM |
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thanks for the link. NSmen related extra credit only for newly eligible citizens.
there's also an online benefit calculator.. that's fast work :)
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renee
I'm a toddler Shroomy!
Posts:408
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| 22 Jan 2009 09:33 PM |
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waiting for hdb to update more on the additional housing grant
and it was mentioned broadening training opportunities during working lives, hope more subsidies for working adults like us to further studies.
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surfers
I'm an experienced adult Shroomy!
Posts:5770
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| 22 Jan 2009 09:35 PM |
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I notice an interesting phrase in the budget 2009.
For example, take a family of four living in a five-room HDB flat with working parents earning $4,500 and $3,000 a month and two teenage children. They fall within the upper-middle income group in Singapore.
So, a household income of $7,500 will be considered as the upper-middle income group. :)
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renee
I'm a toddler Shroomy!
Posts:408
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| 22 Jan 2009 09:39 PM |
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Posted By chino_rene on 01/22/2009 09:33:08 PM
waiting for hdb to update more on the additional housing grant
and it was mentioned broadening training opportunities during working lives, hope more subsidies for working adults like us to further studies.
"google" it :
Increase in Additional CPF Housing Grant
F.17. On top of these measures that all households will receive, the Resilience Package will provide enhanced benefits to specific groups.
F.18. We will ensure that public housing remains affordable to first-time home buyers. The Government has decided to increase and broaden the Additional CPF Housing Grant (AHG) for first-time home-buyers. We will increase the maximum AHG quantum from $30,000 to $40,000. At the same time, we will raise the household income ceiling from $4,000 to $5,000. Another 2,700 first-time home-buyers will benefit from the enhanced AHG every year, bringing the number of beneficiaries of the AHG scheme to 8,000 yearly. The enhancements will more than double the estimated cost of the AHG scheme to approximately $150 million per year
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surfuz
I'm an experienced adult Shroomy!
Posts:4053
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| 22 Jan 2009 09:41 PM |
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Posted By surfers on 01/22/2009 09:35:31 PM
I notice an interesting phrase in the budget 2009.
For example, take a family of four living in a five-room HDB flat with working parents earning $4,500 and $3,000 a month and two teenage children. They fall within the upper-middle income group in Singapore.
So, a household income of $7,500 will be considered as the upper-middle income group. :)
perhaps that's after taking cap of 8k household salary for new HDB purchase into consideration ;) |
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BlueTurtle
I'm a teenage Shroomy!
Posts:809
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| 22 Jan 2009 10:00 PM |
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Posted By surfers on 01/22/2009 09:35:31 PM
I notice an interesting phrase in the budget 2009.
For example, take a family of four living in a five-room HDB flat with working parents earning $4,500 and $3,000 a month and two teenage children. They fall within the upper-middle income group in Singapore.
So, a household income of $7,500 will be considered as the upper-middle income group. :)
i wonder if they have a chart or something to show this categorisation... haha... maybe they should publish it... |
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lollie
I'm a teenage Shroomy!
Posts:1265
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| 22 Jan 2009 10:24 PM |
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Posted By blueturtle on 01/22/2009 10:00:15 PM
Posted By surfers on 01/22/2009 09:35:31 PM
I notice an interesting phrase in the budget 2009.
For example, take a family of four living in a five-room HDB flat with working parents earning $4,500 and $3,000 a month and two teenage children. They fall within the upper-middle income group in Singapore.
So, a household income of $7,500 will be considered as the upper-middle income group. :)
i wonder if they have a chart or something to show this categorisation... haha... maybe they should publish it...
higher classification means get lesser money from govt and pay more taxes.
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belyl
I'm an expert adult Shroomy!
Posts:8331
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| 22 Jan 2009 10:48 PM |
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Posted By ribena on 01/22/2009 05:00:34 PM
1st time flat buyer grant increast to 40k. good news for 1st time buyers
income ceiling increase from 4k to 5k (wat income ceiling is this?)
this is the Additional Housing Grant (AHG) which is different from the CPF housing grant. It helps lower income family to purchase a flat... so the main grant they can get is $40K (CPF housing Grant) + $40 (AHG) = $80K
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twinstar
I'm a toddler Shroomy!
Posts:400
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| 22 Jan 2009 11:03 PM |
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bel: sorry for the blurness..so those families who has a income ceiling of $5k can get $80k grant in total..
if those above $5k will get $40k?
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ribena
I'm a teenage Shroomy!
Posts:642
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| 23 Jan 2009 12:22 AM |
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oh never knew theres an additional grant on top of cpf grant. total grant of 80k is A LOT of money for buying a new flat! |
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dreamy
I'm a teenage Shroomy!
Posts:1767
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| 23 Jan 2009 09:31 AM |
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AHG is up to $40k, based on ur income n up to 5k. So if ur combine income is 4k, u may only get 5k AHG. Envy those who gettin flat this yr. I ddn get any AHG last yr.... |
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