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Ok.. “tax free” year on 2009 Tax Assessment for all income earns in 2008 (this year), well? Rising child cost to be compared with tax deductable levy relief or whatever the name they have given to those ‘T&C’ – parents will know raising children cost plentiful more expensive then just those relief deduction or whatever those are.

Here we go what the deduction will be, and why they said as tax free:

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As you can see, the tax relief deduction for every child was $2,000 and now increased from the lastest movement to $4,000 per child per income assessment. Good move, but still some people think it is not sufficient to cope with cost for raising a child in Singapore, tertier education is specially… some say with 5% inflation of tertier education when the child’s age 21 (after NS) will be already around 6-digit price to be paid.

As this article said…

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In the last paragraph, ‘After all the Authorities do not make the baby, but you do!’. So it back to you to decide, whether to support the government procreation policy, and eat your own decision of that, or think further about all the cost to raise a child that keep increasing year after years.

Street71.

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