2008 Singapore budget

2008 Budget was announced yesterday. To many and my disappointment, the personal income tax rate was not reduced. Looks like I still have to strive hard to cope with the inflation pressure.

The focus is again turn to low income group, with measures to help them to cope with high inflation.

Brief summary of change

• Personal income tax rebate of 20%, up to $2000
• No estate duty
• Bursary scheme for lower income student
• Bonus for National Lifelong income scheme
• Growth dividend
• Other top ups