Tuesday, 25 August 2015

Hosay news from the National Day Rally 2015

Don’t worry if you’ve missed the National Day Rally, we picked out 3 Hosay news for 3 groups of Singaporeans.

Singaporeans who are planning to get married

Congratulations! We think you are the most Hosay group!

Did you get into a fight with your girlfriend over where to stay after getting married? Are you one of those whose combined income sway sway just exceeded $10,000 and you cannot apply for a HDB and at the same time cannot afford a condo? 

Fret not!  The government has it sorted out for you. The income ceiling has now been increased to $12,000 for HDB and $14,000 for EC. That means you are now eligible for public housing! And if you have a little bit more moolah to spare, why not consider grabbing one of the leftover units at some of the EC developments.


Before you start rushing down to HDB to apply for a flat, remember that there is an added BONUS. If you choose to stay near your parents, you may receive a Proximity Housing Grant of $20,000! Okay, if you need a property agent, call me :)


Singaporeans who are married already and planning to have kids or more kids

Congratulations. Your baby is born in a lucky year, under lucky stars!

For babies born from 1 Jan 2015 onward, they will receive a bigger Medisave grant which can be used to cover the premiums for MediShield Life and healthcare expenses. This is for all Singaporean babies even if he/she is number 4th, 5th, 6th or 10th in the family.
                                                                                                                                                  
There’s good news for Mummies too! Daddies will be getting an extra week of paternity leave to help with changing diapers, washing bottles and night feeds soak in the joys of fatherhood.
                                                                                                                                      
Oh, and if you need a tip or two on *ahem* baby making, Lulu from the Noose who has got some sound advice for you *wink* *wink* :)


With more kids, you may now want to consider moving closer to your parents so that they can help you look after your kids. Here’s when you will benefit from the Proximity Housing Grant.

For the soon to be retirees

Congratulations on your upcoming retirement!

By 2017 re-employment age will be raised from 65 to 67.

WAIT! Before you jump up and scold the government for making you work longer, this increase in re-employment age MUST NOT be confused with retirement age. You can still retire at 62 if you want to, but for those who want to continue to work, the employer can re-employ you until the age of 67. After 67, you can stay at home and go “ga-ga” over your adorable grandkids :)


Do you like what you read? Stay tuned as we will bring you more from the National Day Rally in our next article!

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