Singaporeans to begin receiving letters from the government on benefits from Budget 2011

From yesterday, about 2.5 million Singaporeans started receiving 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.

According to the Ministry of Finance (MOF), the letter will also contain information on other household benefits they will receive from Budget 2011. The "Grow & Share" Package, together with other benefits announced in Budget 2011, will help Singaporeans cope with higher costs of living.

Most lower- and middle-income Singaporean households will receive benefits that are much more than the rise in their household spending.

A typical lower-income two-generation household living in a three-room HDB flat will receive benefits of about S$3,500, which is significantly more than the cost increases they are expected to face, said the MOF.

This is true also for a typical middle-income three-generation household living in a five-room HDB flat, which will receive benefits of about S$4,000.

Singaporeans will receive their Growth Dividends and CPF Medisave Top-ups on May 1.

ORIGINAL SOURCE

Content used in this blog remain the property of their respective owners.