 |
| Income Tax Singapore |
The letter will also contain information on other household benefits they will receive from Budget 2011. The majority of Singaporeans will receive their letters by the end of this week.
The "Grow & Share" Package, together with other benefits in Budget 2011, will help Singaporeans cope with higher costs of living this year. Most lower- and middle-income Singaporean households will receive benefits that are much larger than the increase in the cost of their household baskets this year.
A typical lower-income two generation household living in a 3-room HDB flat will receive benefits of about S$3,500, which is significantly more than the cost increases they are expected to face. This is true also for a typical middle-income three-generation household living in a 5-room HDB, who will receive benefits of about S$4,000.
Singaporeans will receive S$2 billion in Growth Dividends and CPF Medisave top-ups on 1 May.
Further information on the "Grow & Share" package, including a calculator that will enable Singaporeans to know how much household benefits they should receive, is available on www.growandshare.gov.sg or by calling 1800 2222 888.
Sources: http://www.channelnewsasia.com
