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Budget 2024! 16Feb24

RadX

By RadX,
in Lite & EZ

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Stary

Stary

Turbocharged
(edited)
On 2/16/2024 at 4:15 PM, Jman888 said:

next time more uncles and aunties attending classes with their kids [sweatdrop]  [laugh]

Not a bad thing.......more diversity is good.

I wish they extend the subsidies and monthly allowances to the university courses for the above 40, but seem like it is only up to poly for  diploma. But still great la for a start.

It is a good move to realise there is a need to upskill to long term courses, not just those few days to few weeks type.

Edited by Starry
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Turbocharged
(edited)

HDB landlords also huat !

https://www.todayonline.com/singapore/budget-2024-couples-waiting-bto-flats-get-govt-voucher-rent-hdb-homes-open-market-2364126#:~:text=Currently%2C couples waiting for their,up supply to meet demand.

Budget 2024: Couples waiting for BTO flats to get govt voucher to rent HDB homes on open market

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Kopites

Kopites

Supersonic
(edited)

No good. No more special account. Really need to find an alternative now. 

Gov bond max only 200k per person. Tbill too short time frame. FD rate too low. Haiz ....anything for low risk with 4% yield, long tenure? 🤔🤔

Edited by Kopites
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Turbocharged
(edited)
On 2/16/2024 at 5:02 PM, Kopites said:

Those already turned 55 or will be turning 55? No more special account?

https://www.channelnewsasia.com/singapore/budget-2024-retirement-account-special-account-cpf-4128816

Budget 2024: CPF Enhanced Retirement Sum to increase; Special Account to be closed for those 55 and above

Edited by Starry
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Turbocharged
(edited)
On 2/16/2024 at 5:18 PM, Kopites said:

No good. No more special account. Really need to find an alternative now. 

Gov bond max only 200k per person. Tbill too short time frame. FD rate too low. Haiz ....anything for low risk with 4% yield, long tenure? 🤔🤔

Assuming the person already full FRS, then go fill up ERS lor.  If ERS also full, then now can extend ERS to 4X BRS!

😆

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Fcw75

Fcw75

Hypersonic

In 2022, Member of Parliament Melvin Yong (PAP-Radin Mas) asked the Manpower Ministry about “Special Account shielding” where members prevent their savings from being transferred to the Retirement Account.
That is done by investing money from the Special Account, then liquidating it shortly after.
At the time, the Manpower Ministry said only 2 per cent of CPF members did that. It also said it would monitor the trend and take action if necessary. 
 

I think this Melvin Yong surf MCF. 

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Hosaybo

Hosaybo

6th Gear

Think too much publicity on the shielding liao... Probably detected more and more doing so, got to put out the fire before it gets bigger! 

 

Err so those who work hard to do so, their plan all kana put in the bin liao. 

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Fcw75

Fcw75

Hypersonic
On 2/16/2024 at 5:29 PM, Hosaybo said:

Think too much publicity on the shielding liao... Probably detected more and more doing so, got to put out the fire before it gets bigger! 

 

Err so those who work hard to do so, their plan all kana put in the bin liao. 

Here quite a few keep talking about it lor…😅

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