Singapore Budget 2015

vepture
Mind Map by vepture, updated more than 1 year ago
vepture
Created by vepture about 5 years ago
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Mind Map on Singapore Budget 2015, created by vepture on 02/27/2015.
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Singapore Budget 2015
1 Students
1.1 National Exam fees Waived
1.1.1 $900 per students for PSLE, O's, N's, A's
1.1.2 Only for govt. funded schools
1.2 ITE and Polytechnic fees waived
1.3 Edusave Top-Up
1.3.1 $150 for Singaporeans 7-16
1.3.1.1 Top up on the annual contribution of $240
1.4 More Assistance for Low-Income students
1.4.1 FAS Students get subsidized travel (at least 50%)
1.4.2 Self-Help groups providing aid to needy families will get a $6 mil. grant over the next 2-years
1.5 Post Secondary Top- Up
1.5.1 $250 - 500 for Singaporeans aged 17-20 this year
1.6 Career Guidance
1.6.1 SkillsFuture Programme
1.6.2 Earn & Learn Scheme
2 Workers
2.1 Higher CPF Salary Ceiling
2.1.1 From $5000-6000 starting next year
2.2 One-off personal income tax rebate
2.2.1 Taxpayers will receive rebate of 50% (capped at $1000) for income earned in 2014
2.3 SkillsFuture Credit
2.3.1 $500 credit to learn
2.3.1.1 Sum topped up by the government
2.3.1.2 Only for Singaporeans aged 25+
2.4 Education and Training Subsidies Raised
2.4.1 Raised to at least 90%
2.4.1.1 For Singaporeans 40+
2.4.1.1.1 Must be taking courses funded by MOE or Workforce Development Agency
2.5 Study Award and Fellowships
2.5.1 2,000 awards will be given out annually for individuals to build skills in growing industries
2.5.2 100 fellowships annually for those who want to develop their skills to an even higher level
2.6 Leadership Development Initiative
3 Seniors
3.1 Silver Support Scheme
3.1.1 Bottom 20 per cent of Singaporeans aged 65 and above to get payouts of between $300 and $750 every three months, starting from around first quarter next year
3.2 One-off Senior's Bonus
3.3 Higher CPF Contributions
3.3.1 From Jan 1, rates for workers aged 50 to 55 will increase by 2 percentage points to match the level of those younger than them
3.3.2 55 to 60 will see a 1 percentage point increase
3.3.3 60 to 65 will have 0.5 percentage point raise
3.4 Extra CPF Interest
4 Households
4.1 Cut-In Concessionary Maid Levy
4.2 Child Development Account Top-Up
4.3 More Affordable Child Care
4.4 GST Voucher Increase
4.5 S&CC Rebates
4.6 Petrol Duties Up
5 Companies
5.1 Wage Credit Scheme Extended to 2017
5.2 Foreign Worker Levy Increases Deferred
5.3 Support for Innovation and Internationalisation
5.4 Incentives for Mergers and Acquisitions
5.5 Corporate Income Tax Rebate Extended to 2017
5.6 Incentive for Re-employment of Seniors
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