Live Report: Singapore Budget 2015

3rd & 7 37yd

Rising the salary celling of CPF Contribution from current $5k to $6k. This would means that more salary contributed to CPF but lower Nett Wage....

by Justice Crash 2/23/2015 9:13:31 AM
Tharman: We will now introduce a new partner operator scheme to complement anchor operator scheme.

by Yahoo Singapore 2/23/2015 9:13:23 AM
Tharman: GSTV seniors' bonus for 2015 for seniors who are 65 and above and staying in HDB flats.

by Yahoo Singapore 2/23/2015 9:12:50 AM
Yahoo Singapore
@YahooSG
#SGBudget2015: Silver Support will be paid quarterly, similar to Workfare: DPM http://t.co/s3kWj3O8SA
Feb. 23, 2015
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Yahoo Singapore
@YahooSG
#SGBudget2015: DPM Tharman shares an example of how the Silver Support Scheme works. http://t.co/25JkTOpx1d
Feb. 23, 2015
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Sheela Padman
@sheelapadman
Supplements every quarter???!!!!! Shouldnt it be for every month??? #SGBudget2015 #silversupport
Feb. 23, 2015
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S
@SolomonTeo
300-750 for bottom 30% every quarter? How to survive? #SGBudget2015
Feb. 23, 2015
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anna b
@kiampah
Apart from my grumbling abt #SGBudget2015 , I'm glad that the older folks are going to receive some support from the government.
Feb. 23, 2015
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Yahoo Singapore
@YahooSG
#SGBudget2015: No need for application of Silver Support, will be done automatically in first quarter of 2016: DPM http://t.co/s3kWj3O8SA
Feb. 23, 2015
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Cai Haoxiang
@HaoxiangCaiBT
Silver Support Scheme is a quarterly cash infusion for low-income elderly - let's hope money doesn't get used to buy 4D/Toto #SGBudget2015
Feb. 23, 2015
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1 of 7
by Yahoo Singapore 2/23/2015 9:12:40 AM
The increase in employer and employee CPF contributions will go to the Special & Ordinary accounts respectively #SGBudget2015

by MOFsg via twitter 2/23/2015 9:12:25 AM
Why the CPF ceiling increased? The people need Cash to survive inflation which is very high in Singapore

by Sandwiched Class 2/23/2015 9:12:23 AM
Ditto @ hellosg

by Sandy 2/23/2015 9:12:09 AM
"Tharman: We cannot rush the implementation of Silver Support" but you can increase our contribution rate so easily?

by hellosg 2/23/2015 9:12:07 AM
Still nothing for sandwiched class

by Sandwiched Class 2/23/2015 9:12:03 AM
Tharman: The assessment for Silver Support will be done automatically so no need for application. MOM will be ready to implement Silver Support in the first quarter of 2016.

by Yahoo Singapore 2/23/2015 9:12:02 AM
Tharman: The exact details will be released later.

by Yahoo Singapore 2/23/2015 9:11:32 AM
#SGbudget Look forward to more SMEs enjoying CDG to enhance productivity with the easier application process - Lennon Lee

by PwC Singapore via twitter 2/23/2015 9:11:28 AM
Tharman: What I've described are the basic parameters.

by Yahoo Singapore 2/23/2015 9:11:24 AM
(2/2) not have the financial muscle nor ability to take majority stakes in other companies - Harvey Koenig #SGBudget2015

by KPMG Singapore via twitter 2/23/2015 9:11:12 AM
Tharman: We cannot rush the implementation of Silver Support

by Yahoo Singapore 2/23/2015 9:11:12 AM
Tharman: Govt will spend total of $1b a year on silver support and workfare combined.

by Yahoo Singapore 2/23/2015 9:10:57 AM
The enhancements to the Mergers and Acquisition Allowance is welcome and recognises that many SMEs may.. (1/2) @SGBudget2015

by KPMG Singapore via twitter 2/23/2015 9:10:52 AM
Tharman: Silver support is expected to cost $350 million in the first full year

by Yahoo Singapore 2/23/2015 9:10:34 AM
For workers aged 55-60 and 60-65, CPF rates from employers up by 1% and 0.5% respectively in 2016 on.fb.me/1FNQdUf #SGBudget2015

by MOFsg via twitter 2/23/2015 9:10:11 AM
Tharman: 150,000 of today's elderly will receive these top-ups.

by Yahoo Singapore 2/23/2015 9:09:14 AM
Agree with @hellosg

by Sandwiched Class 2/23/2015 9:08:55 AM
CPF rates for workers aged 50-55 to increase by 2% (1% frm employee and employer each) in 2016 #SGBudget2015 http://pbs.twimg.com/media/B-hJTXWCUAA7rip.jpg

by MOFsg via twitter 2/23/2015 9:08:54 AM
cpf interest should not based on balance, rather it should be on the contribution

by Donald Goh 2/23/2015 9:08:13 AM
We should have a say whether we want to increase our CPF contributions or not, why is it that the govt decides for us?

by hellosg 2/23/2015 9:08:05 AM
Contribution cap for Supplementary Retirement Scheme to be raised too from 1 Jan 2016 #SGBudget2015

by MOFsg via twitter 2/23/2015 9:08:04 AM
Correction: $300 to $750 supplement every quarter for eligible seniors (not $300 to $700).

by Yahoo Singapore 2/23/2015 9:07:49 AM
CPF salary ceiling to be increased from $5K to $6K from 1 Jan 2016
#SGBudget2015

by MOFsg via twitter 2/23/2015 9:07:28 AM
Tharman: All seniors who qualify will receive these supplemtns for life, as long as they remain eligible.

by Yahoo Singapore 2/23/2015 9:07:24 AM
Nothing for the "sandwich" class citizen

by Higher home ownership?... 2/23/2015 9:07:02 AM
Tharman: The average recipient will get $600 every quarter. Silver support recipients in smaller flats will receive more than those in larger flats.

by Yahoo Singapore 2/23/2015 9:06:50 AM
Correct me if I'm wrong but how come I keep seeing these so-called improvements and benefits from the 2015 Budget to ONLY take effect from 1 Jan 2016? Is it a 2016 election budget or a Year 2015 Budget for the better of Singapore?!!!!

by Singaporean 2/23/2015 9:06:36 AM
Tharman: Silver support will be paid quaterly. it will provide a supplement of $300 to $700 paid every three months to those who qualify.

by Yahoo Singapore 2/23/2015 9:06:22 AM
#SgBudget2015 Extension of GST concession to REITs with fund raising SPVs is an icing on the cake for REITs, recognising substance over form

by Gan Hwee Leng via twitter retweeted by KPMGSingapore 2/23/2015 9:06:01 AM
Tharman: We will consider Singaporeans with lower total CPF contributions before reaching 55.

by Yahoo Singapore 2/23/2015 9:05:08 AM
Tharman: three factors in combination -- lifetime wages, household support and type of housing.

by Yahoo Singapore 2/23/2015 9:04:47 AM
Not a wise thing to encourage more REITS... esp long term. Will just raise rental costs which affect small businesses and common man. Effectively a transfer of wealth to large corp

by weich 2/23/2015 9:04:37 AM
(2/2) in the future development and welfare of its people - Tax Partner, Lawson, Gordon #SGBudget2015

by KPMG Singapore via twitter 2/23/2015 9:04:32 AM
#Singapore maintains its international competitiveness by reinvesting the dividends of its past success … (1/2) #SGBudget2015

by KPMG Singapore via twitter 2/23/2015 9:04:26 AM
Tharman: To ensure the system goes to those with lesser means we will look at 3 factors

by Yahoo Singapore 2/23/2015 9:04:15 AM
Dear government,

The cfp contribution every year increase good for e worker, but hw abt e business? Is there a way to balance it out?

by SKL 2/23/2015 9:04:05 AM
#SGBudget2015 will strengthen savings and income in retirement by enhancing CPF System and introducing Silver Support

by MOFsg via twitter 2/23/2015 9:03:59 AM
Kick in only from Jan 2016.... OMG ... one more year to go...

by Higher home ownership?... 2/23/2015 9:03:58 AM
Tharman: This is unlike workfare which is based on the wages you earn.

by Yahoo Singapore 2/23/2015 9:03:45 AM
Tharman: The Silver Support is for Singaporeans above 65, many of whom may have retired.

by Yahoo Singapore 2/23/2015 9:03:36 AM
#SGBudget2014: Silver Support Scheme aims to support bottom 20% of Singaporeans aged 65 and above: DPM yahoosg.tumblr.com/budget

by Yahoo Singapore via twitter 2/23/2015 9:03:28 AM