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     Budget Statement 2007

Continued from FrontPage of Article

Table 1 ¨C Structure of GST Credits

 

Annual Value of Home

$5,000 or less More than $5,000 and up to $10,000 More than $10,000

Annual Assessable Income

$24,000 or less

$1,000

($250 per year for 4 years)

$800

($200 per year for 4 years)

$400

($100 per year for 4 years)

More than $24,000 and up to $100,000  
More than $100,000

$100 (for 1 year)

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Table 2 ¨CStructure of Senior Citizens¡¯ Bonus

 

Annual Value of Home

$5,000 or less More than $5,000 and up to $10,000 More than $10,000

Annual Assessable Income

$24,000 or less

Aged 55 ¨C 59:  $600

($150 per year for 4 years)

 

Aged 60 & above:

$1,000

($250 per year for 4 years)

Aged 55 ¨C 59:

$400

($100 per year for 4 years)

 

Aged 60 & above: $800

($200 per year for 4 years)

 

 

Aged 55 -59:

$200

($50 per year for 4 years)

 

Aged 60 & above: $400

($100 per year for 4 years)

 

 

More than $24,000 and up to $100,000

 

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Table 3 - Structure of PSEA Top-ups (each year)

Age of Child in Year of Payout Annual Value of Home less or equal to $10,000 Annual Value of Home more than $10,000

7 to 12

$200

$100

13 to 20

$400

$200

Source: www.mof.gov.sg Press Release 15 Feb 2007

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