SINGAPOREANS aged 50 and above and families with children will receive additional top-ups this year.
These payouts are in addition to previous direct transfers to families such as the GST Credits and the Senior Citizens bonus.
Most people 50 years old and above will receive a one-off top-up to their CPF Medisave accounts.
Those aged 50 to 59 will get $200 to $300 while those 60 to 69 will get $300 to $400. People over 70 will receive $400 to $500.
But Singaporeans with annual assessable incomes above $100,000 in the 2009 tax year will not be eligible.
The Medisave top-up will benefit about 1.02 million Singaporeans and will cost $310 million.
Seeking Relief from Family Estate Taxes for Small Businesses.: An article from: Rural Telecommunications
Dependency status for a child of divorced or separated parents.: An article from: The Tax Adviser
Five reasons for parents to celebrate: introducing new tax benefits for kids.: An article from: Review of Business
