17 Feb '12, 10am

Budget 2012: More help for lower-income families, the most significant of which being the GST Voucher

Budget 2012: More help for lower-income families, the most significant of which being the GST Voucher

More people are going to Care Corner for their free lunches. The Government on Friday introduced a slew of measures to alleviate the burden on lower-income families, the most significant of which being the Goods and Services Tax (GST) Voucher. -- ST PHOTO: WANG HUI FEN By Chloe Lo The Government on Friday introduced a slew of measures to alleviate the burden on lower-income families, the most significant of which being the Goods and Services Tax (GST) Voucher. The permanent measure comprises three components - cash, Medisave top-ups and U-Save rebates. Cash will be given to Singaporeans whose incomes fall within the bottom 40 per cent, and who live in Housing Board flats or in the bottom 15 per cent of private properties, those with an Annual Value (AV) of up to $20,000. It will also comprise an annual top-up to the Medisave Accounts of older Singaporeans who are above 65 ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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