Tuesday, April 15, 2008

2.4m S'poreans to get $3b in benefits this year

http://www.straitstimes.com/Latest%2BNews/Singapore/STIStory_227154.html?vgnmr=1

Singaporeans who signed up for the GST credits last year will automatically receive their GST dues this year.

They will get letters from the CPF Board by Tuesday informing them of the amount of Growth Dividends, GST Credits and Senior Citizens' Bonus they stand to get.

They will automatically receive the following:


-First installment of Growth Dividends by April 30.

-2008 payout of GST Credits and Senior Citizens' Bonus by July 1.

-Second installment of Growth Dividends by Oct 11


Those who did not sign up for their GST Credits in 2007 and those who newly qualify for GST credits in 2008 (123,000 in total), can sign up for their payouts from Tuesday. They have until the end of the year to do so.

Structure of Growth Dividends

Structure of GST Credits

Have you calculated how much you will be getting?

hope this helps. :)

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