You may have received a letter from the CPF Board regarding changes to CPF Contribution Rates and Wage Ceilings which will come into effective on 1 January 2016. As part of the 2015 budget measures, the Government had announced – The CPF contribution rates for employees aged above 50 to 65 years will be increased for wages earned from 1 January 2016 to help them save more for their retirement needs. This will apply to wages earned from 1 January 2016. To keep pace with income growth over the years, the Ordinary Wage (OW) Ceiling will be increased from
Skills Future Credit aims to encourage individual ownership of skills development and lifelong learning. All Singaporeans aged 25 and above will receive an opening credit of S$500 from January 2016. Your credit will not expire and the government will provide periodic top-ups, so you may accumulate your credit. Your Skills Future Credit can be used on top of existing government course subsidies to pay for a wide range of approved skills-related courses. You can use your credit to pay for or offset skills related course fees by applying for claim(s) starting January 2016. All
Fu lei has been awarded for ACCA Top 25 affiliates, this ranking is based on average of all P papers passed on the first attempt compared with other achievers who passed all papers in Dec 2014 sitting in Singapore. Fu lei has been ranked 19th among all of the achievers. Congrats Fu Lei…
Changes for personal tax have been made to the recent budget in Singapore. The changes affect Personal tax rebate, tax rates and contribution rates for older workers.