05 April 2013

Singapore Budget 2013 - Wage Credit Scheme

Today I came across this scheme at our budget website.

It seems that our government will help businesses pay their employees a higher salary increment for 3 years by topping up an extra 40%, but this only applies to employees whose monthly salary are S$4000 or lesser, which also means I am eligible, Yay... I wonder if it is capped at S$200 since the picture shows only that amount. Anyway, I don't think my employer will pay me that much, I'll probably get S$100-S$150 increment for 2013 depending on performance.

So let's say I get S$100 increment from my employer, and our government tops up 40%, I'll get a total of S$140 increment for 2013, sounds like not bad huh.

The thing is, what happens after 3 years? From the 4th year onwards, employers will need to cough up that extra salary increment from their own pockets? I don't think they will like that.


justin albert said...

Wow, awesome blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your website is great, let alone the content!

PIC Scheme Singapore

pic scheme singapore said...

Well this a great blog i like it very much