Saturday, February 22, 2014

Epic Research Singapore : Sgx Budget 2014 News Update

For those living with their parents, parent relief increases from S$7,000 to S$9,000.

Parent relief will increase from S$4,500 to S$5,500 for those who do not live with their parents.

Relief will increase from S$11,000 to S$14,000 for those living with a handicapped parent.

For Singaporeans with a handicapped parent but are not living with them, parent relief will increase from S$8,000 to S$10,000.

The subsidies for SOC services for lower- and middle-income Singaporeans, currently at 50%, will be increased to 70% and 60% respectively. This will be implemented from September 2014.
Table 1: Enhancements to Subsidy for SOC services

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