On Friday (16 Feb), Finance Minister Lawrence Wong announced the Budget 2024 plan, which includes a slew of support schemes for Singaporeans of different income and age groups.
Between the various benefits, some might find it hard to figure out just how much they are receiving.
To address this, the Ministry of Finance’s (MOF) Support For You Calculator allows Singaporeans to find out the estimated benefits their household will be receiving this year.
Interested parties only need to access the calculator and input their personal information such as year of birth, property ownership status, and annual income to do so.
The Support For You Calculator works out how much a Singapore citizen stands to benefit from Budget 2024 after users fill in their personal information.
Source: Support For You Calculator
These include:
It will then break down the rough amount of support they can receive as an individual and as a household. The platform also indicates when residents can expect the benefits to come in.
Besides the upcoming monetary assistance, the calculator also projects how much savings and benefits individuals can receive up to 2027.
The MOF first introduced the Support For You Calculator back in Feb 2023, in time for last year’s Budget announcement.
Finance Minister Lawrence Wong unveiled the Government’s plans for Budget 2024 on Friday (16 Feb).
This year, benefits for Singaporeans include, but are not limited to:
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Featured image adapted from wattanaracha on Canva and Support For You Calculator.
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