[2021 article] 1.4m lower-income Singaporeans to receive GST vouchers from June 23: MOF

[coern]

it's not "good" or "bad" - it is what it is.

workforce participation of 68% is already very high - I think 70% might be the red line we never cross.

the 30% with secondary quals or lower will eventually "pass out" of the system as they age out of the workforce. the younger generations are more and more educated.

so, over time, the 1.4 mill will come down - and majority of those that still "qualify" will be the aged retirees.

So it this many qualify for gst money good??

 

[coern]

false and inflammatory - then again i'd expect nothing more from you...

more than 50% low income. this one is considered swiss standard anot ah?

 

[CPTMiller]

it's not "good" or "bad" - it is what it is.
workforce participation of 68% is already very high - I think 70% might be the red line we never cross.
the 30% with secondary quals or lower will eventually "pass out" of the system as they age out of the workforce. the younger generations are more and more educated.
so, over time, the 1.4 mill will come down - and majority of those that still "qualify" will be the aged retirees.

Are you dreaming?
Education does not guarantee you a more then or lower then $28k annum jobs
It is availabililty of what jobs .
So when an ITE old man retirement and a young degree holder took up the same job. Do you think employer will pay him more or double ?

 

[boyinhersense]

Do u know the difference between assessable income and chargeable income?

Apparently not. I stand corrected.

 

[wadsad]

false and inflammatory - then again i'd expect nothing more from you...

false? so not 50%? then 60%? or 65%?

 

[Handyman8888]

so the age to receive this GSTV and the age to vote is the same ... out of 2.6-ish million Singaporeans , 1.4million are eligible .... so it means over 50% of those singaporeans that are contributing significantly to the economy are considered lower income ?

yet when it comes to medium income ... it always look so nice. is the portion of the other 1.2million medium income so high to balance it or the minute ultra high income so high that it balance out the equation

It is like that one....play wayang , twist and turn according to the suituation... is when report to get World media atttention....says GDP so much and so much....medium income or household income whatever as reported , if I am not wrong over $4k/mth for former and household over $8k......so like that even without bonus already over $40k/ yr and 90k/ yr....but they now claimed 1.4m locals can get such 'benefits'.
So you say leh....how many locals really earn over $4k per month? And how many really own more than one property which will disqualify one from this payout?
The wealth distribution has been very badly lop sided for decades already but they still vote for....LOLOLOLOL

 

[coern]

just check the starting pay for the different levels of qualification. as a norm, educational quals are a guide to how much salary one can expect. There is no guarantee, of course, it depends on how one performs in an interview.

e.g.
ITE - around $1,800
Diploma - around $2,500
Graduate - around $3,500 (for professional degrees e.g. engineering, accountancy...)

there are always exceptions that make/break the rules - like Sim Wong Hoo of Creative, or Breadtalk's Georg Quek. but as a guide, it is indicative.

Are you dreaming?
Education does not guarantee you a more then or lower then $28k annum jobs
It is availabililty of what jobs .
So when an ITE old man retirement and a young degree holder took up the same job. Do you think employer will pay him more or double ?

 

[coern]

show your calculations for your initial 50% comment and i'll point out where you went wrong. you could lean something today. #SkillsFuture

false? so not 50%? then 60%? or 65%?

 

[WussRedXLi]

Jin cham........

 

[ridiculous?]

Those nighttime covid report with background stories will tell chiu that some individual work 2 jods.

 

[boyinhersense]

Wow, a lot of triggered people, I guess mostly IBs.

Let me put it in another way, how many people think 1.4m Singaporeans out of 3.5m Singapore citizen population qualifying for GST vouchers (assessable income less than $28k in 2020) is a great statistic??

https://www.straitstimes.com/singap...eans-to-receive-gst-vouchers-from-june-23-mof

 

[coldish]

I tot median income ish 4k? how come so many ppl eligible?

unless their median income count cpf employer and employer contributions

now median income is 6.5k alrd if I not wrong

 

[SMLJMIW]

I tot median income ish 4k? how come so many ppl eligible?

unless their median income count cpf employer and employer contributions

Median income according to the g includes employer's cpf contribution.

https://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx

 

[Tony.Manero]

I tot median income ish 4k? how come so many ppl eligible?

unless their median income count cpf employer and employer contributions

Median is gross salary inclusive of everything

 

[tokiya]

we got 4 million Singapore citizens, if 1.4 million qulified for GST vouchers means those living below poverty line is 33%

Only 2.65m eligible voters in Ge2020

So if you remove those below 21, more than 50% qualify.

 

[ahgua1]

I tot median income ish 4k? how come so many ppl eligible?

unless their median income count cpf employer and employer contributions

Meaning, income disparity is very wide. Imagine 1 person salary $1400 vs $20000. U do the math.