Progress Package

Some ppl asked me tis few days, so i might as well jus post it here..

The Progress Package consists of 6 schemes.

Progress Package Overview

1. Growth Dividends
2. Workfare Bonus
3. Utilities-Save, S&CC and Rental Rebates
4. Top-ups to CPF Special/Retirement & Medisave Accounts
5. Opportunity Funds
6. 40th Anniversary NS Bonus


1. Growth Dividends
-As long as u r above 21 and u sign up for it after u received the letter tat CPF board sent to u, u will get $200 to $800 depending on your annual value of home and your annual accessable income...

Annual Assessable Income $24,000 or less + Annual Value of Home $6,000 or less
= $800

Annual Assessable Income more than $24,000 + Annual Value of Home $6,000 or less
= $600

Annual Assessable Income $24,000 or less + Annual Value of Home more than $6,000 and up to $10,000
= $600

Annual Assessable Income more than $24,000 + Annual Value of Home more than $6,000 and up to $10,000
= $400

Annual Assessable Income $24,000 or less/more + Annual Value of Home more than $10,000
= $200

Both would be accessed by IRAS, income is based on 2004... In other words, e bigger ur house, e more u earn, e less u get... Simple... So most of u would be getting it, unless u r earning huge bucks now and living in big houses... Even so, u would still get $200...

2. Workfare Bonus
- Be a Singapore Citizen aged 40 and above
- Be living in a property with an Annual Value of $10,000 or less
- Be employed or self-employed and work for at least 6 continuous months in calendar years 2005 or 2006
- Earn an average monthly income of $1,500 or less

3. Help Lower-Income Households with Living Expenses Utilities-Save, S&CC and Rental Rebates

HDB Flat Type U-Save Rebates S&CC Rebates Rental Rebates
1-room $200 4 months 3 months
2-room $200 3 months 1.5 months
3-room $100 2 months -
4-room $80 1.5 months -
5-room $60 0.5 months -


4. Help the Elderly meet Retirement and Healthcare Needs Top-ups to CPF Special/Retirement & Medisave Accounts
- Singaporeans aged 50 and above in 2005 will receive top-ups to their CPF Special/Retirement and Medisave Accounts to help meet their retirement and healthcare needs.

The amount of CPF top-ups depends on your age and the Annual Value of your home as at 31 December 2005.

5. Invest in the Next Generation Opportunity Funds
Students from lower-income families will get more opportunities for enrichment and learning, such as the purchase of computers and reading materials, and overseas study trips. MOE schools, Junior Colleges/Centralised Institute, ITEs, Special Education schools and self-help groups (CDAC, Mendaki, SINDA and the Eurasian Association) will receive $50 million in total to create Opportunity Funds.

6. Recognise the Contributions of our NSmen 40th Anniversary NS Bonus
To mark 40 years of National Service (NS) and recognise the contributions of our national servicemen (NSmen), Singaporeans who are serving or have served their NS in the SAF, SPF and SCDF will get a one-off NS bonus.

$100 for full time, $400 for NSmen who have completed their ORNS training cycle / NSmen who are above statutory age (i.e. 40 years old for non-officers and 50 years old for officers)

So guys, dun complain, complain u give me ur $100 bucks!

Thats all... Hope u haf a better understanding...