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Budget 2010 - Updates


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*vomit blood* PHR can be claime by EITHER of the parents, better if claim by the one who earn more...

 

 

me thinks even IRAS give up [laugh][laugh][laugh][:p]

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*vomit blood* PHR can be claime by EITHER of the parents, better if claim by the one who earn more...

Aiyo... relax i mean the 15K is share between both parents not both parent claimed 15k lah.

 

 

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Aiyo... relax i mean the 15K is share between both parents not both parent claimed 15k lah.

 

you say can or not leh? you think IRAs very free ah.... one couple split $1k/$14k, another split $5k/$10k, then $7.5k/$7.5k .... how many combination you want?

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you say can or not leh? you think IRAs very free ah.... one couple split $1k/$14k, another split $5k/$10k, then $7.5k/$7.5k .... how many combination you want?

 

Can. you go read their website, they say just fill in a form to state what is the split amount can liao.

 

http://www.iras.gov.sg/irasHome/page04.aspx?id=1528

 

 

How to transfer PTR

Any unutilized amount of PTR can be electronically transferred from your account to your spouse's account.

 

Simply log in to myTax Portal, and you can view your PTR balance or transfer your PTR balance to your spouse.

 

Find out more about:

 

How to transfer PTR online (251KB)

FAQs on transfer PTR balance online (45KB)

 

Alternatively, you may send us a letter bearing:

 

Name, NRIC number and child order of your child

Amount of PTR you want to transfer

Your and your spouse's full name & NRIC number

Your signature

You may email us, fax to us on 6351 3636 or post the letter to:

 

 

Edited by Joseph22
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So how do WMR claimed? key in the number of children??

 

So in short my wife can claimed WMR (15%+20%) and both parents can clamed PHR (10K+5K)?

 

why 15K, I got 2 kids and can only claim 10K for PHR. I suspect the 5K is only applicable when you have the first kids after this PHR is introduced folks like me who have a kids before the the PHR lose out

 

 

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why 15K, I got 2 kids and can only claim 10K for PHR. I suspect the 5K is only applicable when you have the first kids after this PHR is introduced folks like me who have a kids before the the PHR lose out

 

Wah like that i not fair leh.. .first baby in 2007 2nd one in 2009. same difficulty to bring out.

 

Baby bonus i understand, if not government will loss big money. But tax relief different leh..e [:/]

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okokok...half hour more...j22 you want to tok abtg your parent, baby, funeral tax pls start another thread...dun flood this thread with your nonsense [laugh][laugh][laugh]

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okokok...half hour more...j22 you want to tok abtg your parent, baby, funeral tax pls start another thread...dun flood this thread with your nonsense [laugh][laugh][laugh]

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okokok...half hour more...j22 you want to tok abtg your parent, baby, funeral tax pls start another thread...dun flood this thread with your nonsense [laugh][laugh][laugh]

 

Wah you call this nonsense?? these are related to Budget 2010 mah.. my budget that is [laugh]

 

Anyway my doubt is clear. Keep me updated on the Budget okay? i can only watch tonight.

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okokok...half hour more...j22 you want to tok abtg your parent, baby, funeral tax pls start another thread...dun flood this thread with your nonsense [laugh][laugh][laugh]

 

 

okok I am going for a meeting soon too!

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WMR should be for mom, PHR can be either one, whoever earn more get to claim lah..

 

Don't know what is the term they used. I only know when I got my 2nd child when my wife was just before 30yr old. We were given $10k for income tax rebate. This $10k has to be used in 7yrs. So for the past few years, all my income tax are deduct from the $10k.

1st child I think the rebate is $5k.

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