I had received my 1st Payment of Growth Dividend from the government today, $150 credited into my savings account. :)
Not a lot but better than nothing.
Overview
Singaporeans will receive their first Growth Dividends Today which is 30th Apr 08.
This is the first of two payments, with the second to be distributed on October 1.
The handout, announced in this year’s Budget, is part of the Government’s move to share its surpluses with Singaporeans.
All Singaporeans, aged 21 and above, will receive the Growth Dividends.
Lower and middle—income groups, senior citizens and NSmen can expect more. The amounts range between $100 and $400.
The amount of Growth Dividends you receive depends on the following:
— The Annual Value of your home in 2007 as assessed by IRAS
— Your Assessable Income for the Year of Assessment 2007 and your age as of 31 December 2008; and
— Your NS status in 2008.
To receive the Growth Dividends, you must be a Singapore citizen, aged 21 or above in 2008 and have signed up to receive your GST Credits.
