Tax relief for seniors: How many will really benefit?

SENIOR citizens will surely appreciate Mr Jimmy Ho's Forum Online letter on Monday ('Provide tax waiver for seniors') and his suggestion to raise their taxable barrier to $50,000 a year. However, it is arguable how many would really benefit from such a move.

It has been some years since the Internal Revenue Authority of Singapore informed me that, as I was no longer 'gainfully employed', it was not necessary for me to submit further annual returns.

In fact, the interest on my accumulated savings does not even cover travelling expenses incurred in regular scheduled appointments for check-ups at hospitals.


Narayana Narayana

This article was first published in The Straits Times.