2142443
Singapore Budget 2015
- Students
- National Exam fees Waived
- $900 per students for PSLE, O's, N's, A's
- Only for govt. funded schools
- $900 per students for PSLE, O's, N's, A's
- ITE and Polytechnic fees waived
- Edusave Top-Up
- $150 for Singaporeans 7-16
- Top up on the annual contribution of $240
- Top up on the annual contribution of $240
- $150 for Singaporeans 7-16
- More Assistance for Low-Income students
- FAS Students get subsidized travel (at least 50%)
- Self-Help groups providing aid to needy families will get a $6 mil. grant over the next 2-years
- FAS Students get subsidized travel (at least 50%)
- Post Secondary Top- Up
- $250 - 500 for Singaporeans aged 17-20 this year
- $250 - 500 for Singaporeans aged 17-20 this year
- Career Guidance
- SkillsFuture Programme
- Earn & Learn Scheme
- SkillsFuture Programme
- National Exam fees Waived
- Workers
- Higher CPF Salary Ceiling
- From $5000-6000 starting next year
- From $5000-6000 starting next year
- One-off personal income tax rebate
- Taxpayers will receive rebate of 50% (capped at $1000) for income earned in 2014
- Taxpayers will receive rebate of 50% (capped at $1000) for income earned in 2014
- SkillsFuture Credit
- $500 credit to learn
- Sum topped up by the government
- Only for Singaporeans aged 25+
- Sum topped up by the government
- $500 credit to learn
- Education and Training Subsidies Raised
- Raised to at least 90%
- For Singaporeans 40+
- Must be taking courses funded by MOE or Workforce Development Agency
- Must be taking courses funded by MOE or Workforce Development Agency
- For Singaporeans 40+
- Raised to at least 90%
- Study Award and Fellowships
- 2,000 awards will be given out annually for individuals to build skills in growing industries
- 100 fellowships annually for those who want to develop their skills to an even higher level
- 2,000 awards will be given out annually for individuals to build skills in growing industries
- Leadership Development Initiative
- Higher CPF Salary Ceiling
- Seniors
- Silver Support Scheme
- Bottom 20 per cent of Singaporeans aged 65 and above to get payouts of between $300 and $750
every three months, starting from around first quarter next year
- Bottom 20 per cent of Singaporeans aged 65 and above to get payouts of between $300 and $750
every three months, starting from around first quarter next year
- One-off Senior's Bonus
- Higher CPF Contributions
- From Jan 1, rates for workers aged 50 to 55 will increase by 2 percentage points to match the level of
those younger than them
- 55 to 60 will see a 1 percentage point increase
- 60 to 65 will have 0.5 percentage point raise
- From Jan 1, rates for workers aged 50 to 55 will increase by 2 percentage points to match the level of
those younger than them
- Extra CPF Interest
- Silver Support Scheme
- Households
- Cut-In Concessionary Maid Levy
- Child Development Account Top-Up
- More Affordable Child Care
- GST Voucher Increase
- S&CC Rebates
- Petrol Duties Up
- Cut-In Concessionary Maid Levy
- Companies
- Wage Credit Scheme Extended to 2017
- Foreign Worker Levy Increases Deferred
- Support for Innovation and Internationalisation
- Incentives for Mergers and Acquisitions
- Corporate Income Tax Rebate Extended to 2017
- Incentive for Re-employment of Seniors
- Wage Credit Scheme Extended to 2017
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