S'poreans to get letters on growth dividends & other
payouts
Posted: 05 April 2011 1715
hrs
SINGAPORE: From 5 April, 2.5 million Singaporeans will receive
letters from the government informing them of the amount of Growth
Dividends, CPF Medisave top-ups, Workfare and personal income tax
rebates they will individually receive this year.
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.
- CNA/ir
Source:
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1120804/1/.html
Yes, time to help the poor only once in 5 years.
