[Liveblog] Singapore Budget 2024: Live Coverage And Real-Time Commentary
Stay tuned to our Liveblog at 3.30pm for up-to-date Singapore Budget 2024 announcements and our commentary on what it means for you.
Read more here ➡️ http://tinyurl.com/3a97sxhv
#SGBudget2024
Stay tuned to our Liveblog at 3.30pm for up-to-date Singapore Budget 2024 announcements and our commentary on what it means for you.
Read more here ➡️ http://tinyurl.com/3a97sxhv
#SGBudget2024
[Liveblog] Singapore Budget 2024: Live Coverage And Real-Time Commentary
3.39pm: All Singaporean household will receive an additional $600 in CDC vouchers with the first $300 disbursed in end June this year and the remaining $300 in January 2025.
#SGBudget2024
3.39pm: All Singaporean household will receive an additional $600 in CDC vouchers with the first $300 disbursed in end June this year and the remaining $300 in January 2025.
#SGBudget2024
[Liveblog] Singapore Budget 2024: Live Coverage And Real-Time Commentary
3.40pm: Households will also receive an additional U-Save rebates to help with the increase in utility bills with is expected to be two and a half times the regular amount of U-Save rebates or up to $950 in financial year 2024. It is expected to cover about 4 months of utility bills for those living in three and four HDB flats together with the regular S&CC rebates.
#SGBudget2024
3.40pm: Households will also receive an additional U-Save rebates to help with the increase in utility bills with is expected to be two and a half times the regular amount of U-Save rebates or up to $950 in financial year 2024. It is expected to cover about 4 months of utility bills for those living in three and four HDB flats together with the regular S&CC rebates.
#SGBudget2024
[Liveblog] Singapore Budget 2024: Live Coverage And Real-Time Commentary
4.00pm: All Singaporeans aged 40 and above will receive a Top-Up in Skills Future Credit of $4,000 from May 2024.
#SGBudget2024
4.00pm: All Singaporeans aged 40 and above will receive a Top-Up in Skills Future Credit of $4,000 from May 2024.
#SGBudget2024
[Liveblog] Singapore Budget 2024: Live Coverage And Real-Time Commentary
4.24pm: Full day preschool expenses for dual income families will be reduced to be comparable to those of primary school and after school students care. This would be carried out by reducing the monthly Child Care fees in government supported preschools to $640 for anchor operators and $680 for partner operators in 2025. There will be another move to reduce the fee cap in 2026 with more details to be announced later.
#SGBudget2024
4.24pm: Full day preschool expenses for dual income families will be reduced to be comparable to those of primary school and after school students care. This would be carried out by reducing the monthly Child Care fees in government supported preschools to $640 for anchor operators and $680 for partner operators in 2025. There will be another move to reduce the fee cap in 2026 with more details to be announced later.
#SGBudget2024
[Liveblog] Singapore Budget 2024: Live Coverage And Real-Time Commentary
4.28pm: Young couples looking to settle down and form their families will have timely access to affordable housing with the government ramping up BTO supply and giving them greater priority. Additionally, those with young families with urgent housing need will be supported via the PPHS to rent a HDB flat in the open market.
#SGBudget2024
4.28pm: Young couples looking to settle down and form their families will have timely access to affordable housing with the government ramping up BTO supply and giving them greater priority. Additionally, those with young families with urgent housing need will be supported via the PPHS to rent a HDB flat in the open market.
#SGBudget2024
[Liveblog] Singapore Budget 2024: Live Coverage And Real-Time Commentary
4.34pm: The government will also provide dollar-for-dollar matching for cash top up for Singaporeans aged 55 to 75 with less CPF savings in order to help with their retirement needs. The annual matching cap will be increased from $600 to $2,000 with a lifetime matching cap of $20,000. This will take effect from 2025.
#SGBudget2024
4.34pm: The government will also provide dollar-for-dollar matching for cash top up for Singaporeans aged 55 to 75 with less CPF savings in order to help with their retirement needs. The annual matching cap will be increased from $600 to $2,000 with a lifetime matching cap of $20,000. This will take effect from 2025.
#SGBudget2024
[Liveblog] Singapore Budget 2024: Live Coverage And Real-Time Commentary
4.42pm: With 90% of our natural gas supplies coming from Malaysia and Indonesia, there are plans to build a second LNG terminal to meet our growing electricity needs. The government will set aside $5 billion under the Future Energy Fund to invest in enhancing our clean energy sources.
#SGBudget2024
4.42pm: With 90% of our natural gas supplies coming from Malaysia and Indonesia, there are plans to build a second LNG terminal to meet our growing electricity needs. The government will set aside $5 billion under the Future Energy Fund to invest in enhancing our clean energy sources.
#SGBudget2024
[Liveblog] Singapore Budget 2024: Live Coverage And Real-Time Commentary
4.56pm: A two-step increase in property tax rates for Residential Properties was first announced in Budget 2022. This was meant as a wealth tax targeted at all investment properties as well as the higher-end segment of owner-occupied properties. With the increase in Annual Values the proportion of affected owner-occupied properties nearly doubled to 13%. Therefore, Mr Wong mentioned he would raise the all the AV bands of the owner occupier residential property tax rates with effect from first January 2025.
#SGBudget2024
4.56pm: A two-step increase in property tax rates for Residential Properties was first announced in Budget 2022. This was meant as a wealth tax targeted at all investment properties as well as the higher-end segment of owner-occupied properties. With the increase in Annual Values the proportion of affected owner-occupied properties nearly doubled to 13%. Therefore, Mr Wong mentioned he would raise the all the AV bands of the owner occupier residential property tax rates with effect from first January 2025.
#SGBudget2024