Subsidies and grants are not just meant to inject cashflow in a company – there should be room to invest in your company as well, says our guest in this week’s Money Talks. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the … Read more
The Government has announced that they are raising the tax on flights, but only for those flying in seats more expensive than economy. Chancellor Jeremy Hunt unveiled in his Budget today that the amount of tax paid on “non-economy flights” will be increased. He has not yet said how much it will increase by – … Read more
SINGAPORE: In a crackdown on litterbugs, Singapore may publicise images of offenders in community spaces so members of the public can help identify them. Identified offenders will be dealt with under the law, including being fined or charged in court, the National Environment Agency (NEA) said. “Care will be exercised” in cases committed by young children, the … Read more
SINGAPORE: Social support is “not just about giving handouts”, but giving people “a leg up”, said Deputy Prime Minister and Finance Minister Lawrence Wong on Wednesday (Feb 28). In his closing speech for the Budget debate, Mr Wong stressed that Singapore is spending more on social support in this Budget and that a substantial portion … Read more
The latest changes to the CPF scheme announced in Budget 2024 raised concerns about the potential impact on retirement planning – specifically, the closure of the CPF Special Account. How will these changes affect your nest egg? We speak to Alvin Chow, CEO of financial education platform Dr Wealth. Read original article here Denial of … Read more
Despite these efforts, the middle-income bracket may continue to experience cost-of-living concerns, especially if they are squeezed by financial obligations such as caregiving and loan repayments. Though significant in providing much-needed relief, the S$1.9 billion enhancement to the Assurance Package, even when considering additional measures like the Personal Income Tax rebate and the LifeSG credits, … Read more
SUPPORT FROM EMPLOYERS Since the S$4,000 top-up can also be used for part-time courses, support from employers is key for workers pursuing these accreditations, HR experts said. Some employers may not want their employees to pursue courses because the company does not directly benefit from the training. If employees have to sacrifice promotions or a higher … Read more
Who’s affected, and how? One group to be impacted is CPF members who have already saved the Full Retirement Sum. Their Special Account funds and any new contributions will be channelled to their Ordinary Accounts, where they can withdraw any amount on demand. But as pointed out, they will earn lower interest rates than if … Read more
REMOVAL OF CPF SPECIAL ACCOUNTS CLOSES A LOOPHOLE Bundled in the Budget 2024 announcements relating to CPF was the closure of the Special Account once members are 55 years of age and their CPF Retirement Account has been set up. When implemented next year, this would resolve a long-standing anomaly whereby a CPF member aged … Read more
INCREASED SALARIES FOR LOCALS With the Workfare scheme, various aspects have been tweaked over the years, including the age criteria and size of payouts. Mr Wong said that raising the qualifying income cap “ensures that we continue to cover lower-wage workers, even as their wages grow”. The higher income cap will also apply to the … Read more
