REACH (Telegram) 121 - What are your views on Budget 2026?
(SK)
13 Feb 2026 (10am - 7pm)
REACH (Telegram)
REACH Singapore, [13/2/2026 9:58 am]
Dear Contributors,
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Megan ๐
REACH Singapore, [13/2/2026 10:03 am]
๐ข Topic ๐ข
BUDGET 2026 - Securing Our Future Together In a Changed World
Prime Minister and Finance Minister Lawrence Wong outlined the Government’s expenditure plan for the year on 12 Feb. In his Budget 2026 speech, he laid out plans to tackle a range of issues, from cost-of-living concerns to helping Singapore businesses expand overseas. Budget 2026 lays the groundwork for how Singapore will navigate its next phase of development.
๐ฌ What are your views on Budget 2026?
๐ Advance Our Refreshed Economic Strategy
• 40% Corporate Income Tax Rebate for Year of Assessment 2026
- Capped at $30,000 per company
- Minimum benefit of $1,500 for active companies with at least one local employee in 2025
• Enhance support for local companies to expand overseas
- Higher grant support level of up to 70% for SMEs and up to 50% for non-SMEs
- Enhance Market Readiness Assistance grant for enterprises to deepen presence overseas
- Enhance Enterprise Financing Scheme to increase maximum loan quantum for Trade and SME Fixed Assets Loan
• $1.5 billion for Anchor Fund to support public listings of high-growth companies in Singapore
• $1.5 billion to expand Equity Market Development Programme
• Expand Startup SG Equity scheme to catalyse investments in early- and growth-stage deep tech startups
๐ Harness AI As A Strategic Advantage
• Establish National AI Council, chaired by the Prime Minister, to drive national AI efforts
• Transform key sectors with national AI Missions
• Launch Champions of AI programme to drive AI-enabled business transformation
• Expand Enterprise Innovation Scheme to include qualifying AI expenditures
• Expand Productivity Solutions Grant to include more AI-enabled solutions
• Expand TechSkills Accelerator to help workers build practical AI capabilities
• Help Singaporeans to find relevant AI courses through redesigned SkillsFuture website
• Provide six months of free access to premium versions of AI tools when taking selected AI courses
๐ Build A Resilient And Skilled Workforce
• Raise Local Qualifying Salary to $1,800 from Jul 2026
• Extending and Enhancing Progressive Wage Credit Scheme
• Enhance basic tier of Workfare Skills Support
• Merge SkillsFuture Singapore and Workforce Singapore into a new statutory board
• Expand coverage of SkillsFuture Level-Up Programme to more industry-relevant courses
• Extending Senior Employment Credit to 2027
• Raise minimum qualifying salary to $6,000 for Employment Pass and $3,600 for S Pass from 2027
• Adjust Work Permit levies from 2028
๐ Supporting Singaporeans & Families with Children
• $200 to $400 Cost-of-Living Special Payment for eligible Singaporean adults
• $500 CDC Vouchers for all Singaporean households
• Up to $570 U-Save for eligible Singaporean HDB households
• $500 Child LifeSG Credits for all Singaporean children aged 12 and below
• Raise monthly household income eligibility thresholds to $15,000 for preschool subsidies and $6,500 for student care subsidies
๐ Supporting Seniors & Families with Greater Needs
• Up to $1,500 CPF Top-Up for eligible seniors
• Higher CPF contribution rates for senior workers aged above 55 to 65 in 2027 with CPF Transition Offset for employers
• Offer low-cost, life-cycle investment products under new investment scheme for CPF members
• Enhanced ComLink+ Progress Packages
- $500 every quarter for ComLink+ families progressing with Family Coaches
- Higher payouts for eligible ComLink+ families with regular preschool attendance and stable employment
๐ Renew And Strengthen Our Singapore Spirit
• Strengthen Singapore’s cultural and heritage institutions
- Open revamped Malay Heritage Centre
- Expand reach and engagement of Singapore Chinese Cultural Centre
- Enhance outreach and programming of Indian Heritage Centre
• Enhance access to sports facilities through Sports Facilities Master Plan
• Extend 250% tax deductions for qualifying local donations to 2029
REACH Singapore, [13/2/2026 10:03 am]
• Extend Corporate Volunteer Scheme to 2029
• Launch $50 million SG Partnerships Fund to catalyse ground-up initiatives
For more information on Budget 2026, please visit:
https://www.singaporebudget.gov.sg/budget-speech/budget-statement
๐ [CNA] https://www.channelnewsasia.com/singapore/singapore-budget-2026-lawrence-wong-live-blog-5919576
๐ [ST] https://www.straitstimes.com/singapore/budget-2026-all-the-highlights-you-need-to-know
----
Jun Ming, [13/2/2026 10:44 am]
At least still got $400
Daniel, [13/2/2026 10:50 am]
I appreciate the Child LifeSG credits. I think it's a good step in supporting parents long term. I feel that past policies (baby bonus, cda matching) only focus on the first two-three years. Seems a bit like, we'll encourage them to have more children and then once they have them, they are on their own. So really appreciate that there's some support for older kids as well.
Nicholas, [13/2/2026 10:57 am]
Agree, will be good to extend it till pre-u though e.g. up to 16 or 17 years old instead of 12 years old.
REACH Singapore, [13/2/2026 11:01 am]
[ Poll : I am confident Budget 2026 will address today's challenges while securing Singapore's future. ]
- Strongly Agree
- Agree
- Neutral
- Disagree
- Strongly Disagree
REACH Singapore, [13/2/2026 11:01 am]
[ Poll : Budget 2026 addressed issues of concern to me. ]
- Strongly Agree
- Agree
- Neutral
- Disagree
- Strongly Disagree
REACH Singapore, [13/2/2026 11:21 am]
Dear Contributors,
Please take a moment to participate in our polls and share your opinion. The poll questions are pinned for easy reference and your vote is anonymous.
We look forward to hearing your thoughts on today’s topic!
๐ฌ What are your views on Budget 2026?
Thank you.
Megan ๐
LCL (Danny ๅฟ), [13/2/2026 11:41 am]
Compare to last year, the individual and household relief are much lesser.
Reasons could be:-
1. Inflation more contain.
2. Economy turn better than expected.
3. Focus more on businesses that need to transform and level up to catch the AI train.
4. Job market turn stable.
5. Leaving more dry powder for future in case geopolitical situation turn for the worst.
LCL (Danny ๅฟ), [13/2/2026 11:45 am]
However 2 areas I feel that can be strength on.
1. Cyber security - perimeter defense (without the need to pump in more budget - through good cyber practices).
2. National Defense - drone warfare (can learn alot from Ukraine and look into 3D printing to counter drone threat).
RY, [13/2/2026 11:53 am]
Personally feel that 2026 budget are quite comprehensive and covers most aspects eg family/work/biz/tax/donation/AI/adult learning/individuals eg caregiver & senior & child & low-income n etc
Hope in future budget, govt may include more support for family with disability, not only to those school-going, but also to growing adults with disability. Bec this grp of vulnerable disability-adults most unlikely to have earning capability when they grow up, and family are still required to look after them when they aged eg intellectual disability
LCL (Danny ๅฟ), [13/2/2026 11:57 am]
Cyber security
1. With defense in depth - through multiple layers of security defence, APT hackers to go deep into the network to extract vital data are usually very difficult.
2. Hence the most vulnerable parts are the internet facing perimeter network devices, security devices and servers at the frontier DMZ zone - that face the internet - where APT hackers interface.
Hence hardening and lockdown perimeter defense become extremely important.
3. Few good cyber hygiene, hardening and lockdown process - can turn perimeter defense into a fortress - and make APT hackers very difficult to penetrate even though they discover zero day exploit to compromise perimeter devices like:-
a. Perimeter routers - the 1st device that APT hackers hit.
b. Perimeter IPS
c. Perimeter firewall
d. Perimeter LAN switches
e. Perimeter Internet Web Servers.
LCL (Danny ๅฟ), [13/2/2026 12:08 pm]
Hardening and lockdown process:-
1. Disable all remote management.
2. Divide all perimeter device management into internet facing inband management and OOB (Out-Of-Band) management.
All administrator management devices can only be managed through OOB management (no inband management of perimeter devices allowed) that can be managed by onsite administrator (as remote management are disabled).
The management console lockdown with OOB private IP address (not internet public address) and unique MAC address. Any APT hackers with a public IP address and Mac address not registered with SIEM will be deem hostile, flag and block even though APT hackers compromise the zero exploit in the perimeter devices.
The LAN port that connect to the management console must also be lockdown with the Mac address registered in an protected strongroom that can only be entered by authorized network administrator authenticated through staff pass or biometric.
3. APT hackers coming from inband path in an attempt to try to control perimeter devices are detected and flag by SIEM (Security Incident and Events Management) - and deem as APT hackers - as it breaches 4 important suspicious sources:-
a. comes from the internet (inband) not OOB and is deem hostile
b. Remote management disallow
c. Public IP address and Mac address not registered for device management.
d. Violated the LAN port that connect the management console.
4. All perimeter devices must undergo strict hardening process to remove all unused process and utilities and keep configuration to the bare minimum to prevent exploits.
LCL (Danny ๅฟ), [13/2/2026 12:35 pm]
So by adopting such stringent cyber hygiene - even though the APT hackers have access to the zero exploit firewall - there is no way it can take control of the zero exploit firewall or even plant malware or make unauthorized access to the Telco networks.
Because SIEM will straight away raise alarm that APT attack has taken place and proceed to lockdown the compromise firewall.
It will need a James Bond 007 to physically break into the strongroom, get past all the lockdown security to hack our Telecom networks.
APT hackers remotely with their whole arsenal of cyber army cannot hack our Telecom networks.
LCL (Danny ๅฟ), [13/2/2026 12:39 pm]
And such cyber hygiene will reduce the needs to spend more budget, personnel and resources on cyber defence overall by strengthening the perimeter defense.
Because the perimeter defense has become a fortress that is almost impenetrable even by the most resourceful and skilful State sponsored APT hackers.
I feel that all CII (Critical Information Infrastructure) organisations, Telecoms, Government organizations, Security Organizations etc should ramp up to implement such cyber hygiene for their perimeter infrastructure that are internet facing.
By doing so, we can dramatically cut down alot of attempt by APT hackers to breach our CII infrastructure and reduce alot of heartache in cyber defence.
I am quite sure some did not achieve this high standards of cyber hygiene based on my knowledge.
Then government should organise IT audits to identify and flag out CII infrastructure and organisations that did not meet such standards to ramp up their perimeter defense within a certain period so that we can sleep more peacefully knowing that our critical infrastructure is not under threat by APT hackers.
LCL (Danny ๅฟ), [13/2/2026 12:45 pm]
More of our budget can be saved from cyber defence investment and used elsewhere.
RY, [13/2/2026 12:50 pm]
I also hope Govt may set aside more budget eg more subsidy for healthcare, since premiums are expected to increase due to some changes in MOH medishield policies as per recent announcement and also due to SG ageing
Many prophecies also stated there maybe another pandemic more deadly than covid in the coming recent years, as 2026/7 will be chaotic world with major happenings (่ตค้ฉฌ็บข็พๅนด)
LCL (Danny ๅฟ), [13/2/2026 12:54 pm]
Drone warfare
1. Monitoring what transpired in the Ukraine war, noticed that the most formidable and fearsome armour and tank attack and defences mounted have been neutralize and render ineffective by a relatively low cost drones and drone swarm.
2. And the most reliable, fearsome and formidable Leopard tanks that we also used + Abrams tanks are render ineffective.
Of course the Ukraine army are not trained in combined arms - air force, arty, armour and infantry troops - to make the tanks and armour column more effective in the battleground.
3. But inexpensive drone threat that makes armour and infantry vulnerable is a real threat that need to be address headon.
LCL (Danny ๅฟ), [13/2/2026 1:03 pm]
4. Inexpensive drone make through 3D printing can ramp up production significantly.
5. Our defense contractors and SAF needs to scale up in this aspects. Our army also need to be trained in simulators to utilize such inexpensive drones effectively if we lack land spaces.
6. Like hackathon, whereby our cyber professionals are trained and spar with world-class cyber defenders, our SAF troopers must also undergo sparring sessions through simulators, among army units, foreign troops, organise or participate in world class drone swarm sparring to hone our SAF nsmen skills in drone defense and attacks.
LCL (Danny ๅฟ), [13/2/2026 1:07 pm]
7. Our traditional combined arms doctrine must be pitched against new drone threat and see how to evolve to fight against such new threat.
8. Realize Ukraine has gain tremendous experience in such drone swarm warfare, if our SAF professionals have 1st hands access to how to defend and attack through drones (including unjammable drones such as fibre optics drones) - our doctrines can evolved and train on the restructure doctrines).
9. British, EU and US troops are learning from Ukraine experience to fight drone warfare - be it land drone, air drones and sea drones.
I think we should think of ways to access this vital information and fighting methods and adapt it into our SAF.
10. Hence some budgets will need to be invested in drone defence.
Vijay, [13/2/2026 1:10 pm]
Kinda feel the car value reduced ?
Vijay, [13/2/2026 1:10 pm]
Meaning is it so the car owners to plan to sell of their cars or is it too late now.
Jun Ming, [13/2/2026 1:23 pm]
I think he say next bidding
Jun Ming, [13/2/2026 1:23 pm]
So It will only apply on new car
Jun Ming, [13/2/2026 1:23 pm]
Which means lesser people want to buy car
Jun Ming, [13/2/2026 1:26 pm]
I afraid it might stress more on public transport
Jun Ming, [13/2/2026 1:27 pm]
Can gov back up the bus service as 10-15 min bus timing on peak hour is too long
Jun Ming, [13/2/2026 1:28 pm]
And it's very pack especially for long service ride
Adam, [13/2/2026 1:30 pm]
More subsidy for healthcare is an indirect tax for the young. Our aged has their whole lifetime to save up with cpf medisave, and if that is insufficient, can also 'right size' their hdb. With a growing aging population, we cannot expect the burden to fall on our young
Jun Ming, [13/2/2026 1:30 pm]
I feel that this year budget does not help a lot on individuals. It help mostly on corporate and people who want to learn ai
Adam, [13/2/2026 1:31 pm]
Young adults are getting squuezed everywhere from housing to parrnt support to children
Adam, [13/2/2026 1:31 pm]
Yeah this budget doesnt resonate with me
Jun Ming, [13/2/2026 1:33 pm]
As an individual I only see bad news. Car is harder to afford
Jun Ming, [13/2/2026 1:37 pm]
The rich get richer and the poor get poorer as the 250% rebate in donation means all the wealthy people will donate half of their tax rebate and they will save money
Jun Ming, [13/2/2026 1:38 pm]
Maybe a strategy to make Singapore look good on paper
Andy, [13/2/2026 1:39 pm]
At least they donate them to the needy instead of buying luxury goods. it's a reasonable incentive.
Ginie/Komal ZENDORA J, [13/2/2026 1:40 pm]
๐
LCL (Danny ๅฟ), [13/2/2026 1:42 pm]
I also feel that government should run an IT security audit to grade all the CII organization infrastructure security readiness.
Eg. The above CII organization with such perimeter defense can be graded as Grade A.
Those without are Grade B, C or D.
And each CII organizations must be given timeline to upgrade their IT security posture.
LCL (Danny ๅฟ), [13/2/2026 1:49 pm]
Government focusing more on individual CII organization security readiness will help to strengthen each CII organization cyber defence by ramping up good cyber hygiene and implementing good security practices.
While saving alot on cyber defence investment, remediation and recovery.
REACH Singapore, [13/2/2026 2:02 pm]
๐ข Topic ๐ข
REACH Singapore, [13/2/2026 3:51 pm]
Dear Contributors,
We want to HEAR MORE from you!
๐ฌ What are your views on Budget 2026?
We have had good feedback from this group, and we hope that we can keep the discussion robust and active!
Do also share your opinion by participating in our polls! The poll questions are pinned for easy reference, and your vote is anonymous.
Thank you!
Megan ๐
LCL (Danny ๅฟ), [13/2/2026 3:59 pm]
Total Budget spend on individual & household reliefs:-
1. GST vouchers 2.4 million adults x $400 (assume everyone get the topline) = $960 million.
2. 1.46 million household x $500 CDC vouchers = $730 million
3. 1.46 million household (assume include all private residents) x $570 utilities rebate = $832.2 million
Total individuals + household relief = $2.5222 billions.
Not including preschool children, BRS CPF retirement Top-up and medisave topup.
Daniel, [13/2/2026 4:00 pm]
Number 1 and 3 contain some big assumptions there. Likely a lot less considering utility rebates are tiered by flat size even for hdb.
LCL (Danny ๅฟ), [13/2/2026 4:00 pm]
Yes.
Just assume top of line.
REACH Singapore, [13/2/2026 4:01 pm]
๐ข Topic ๐ข
์ฌ์์น๊ตฌ, ์ฒซ์ฌ๋ ๐, [13/2/2026 4:07 pm]
I don't know if this is unpopular but I'd rather the money used for GSTV and CDC vouchers go toward things like reducing our public transport fares, and finding solutions to issues like income inequality. We can't keep on giving CDC vouchers as a way to redistribute money is not sustainable.
์ฌ์์น๊ตฌ, ์ฒซ์ฌ๋ ๐, [13/2/2026 4:07 pm]
Also goes against the PAP idea of self-reliance so wonder if there's any in the party against it.
LCL (Danny ๅฟ), [13/2/2026 4:16 pm]
Retirees cannot be self reliant.
Only working people can be self reliant.
365, [13/2/2026 4:19 pm]
Retirees can be self reliant, it's a matter of how they have planned for it
LCL (Danny ๅฟ), [13/2/2026 4:19 pm]
When people retire, not working, if inflation keep going up, retirees still need to pay taxes such as GST, property taxes, medical fees increases - but no GST vouchers rebate - without working Income - then it will keep drawing on their retirement savings.
LCL (Danny ๅฟ), [13/2/2026 4:22 pm]
If that happens, retirees will oppose GST consumption taxes and will instead insist on government taxing more on income taxes and corporate taxes since working people are drawing higher salary using retirees GST finance tax to increase working people salary.
365, [13/2/2026 4:23 pm]
Regardless of the government's financing and budget, assuming retirees want to push for their full benefit, then it's always better to push for more income tax. I don't think this has any bearing on their stace.
LCL (Danny ๅฟ), [13/2/2026 4:23 pm]
Cannot be retiree retirement income keep depleted by higher and higher consumption tax to subsidise working people higher and higher salary at the expense of retirees stagnant not expanding retirement funds.
LCL (Danny ๅฟ), [13/2/2026 4:26 pm]
Inflation are also attributed to higher and higher salary pay to working people - finance by retirees higher GST consumption taxes, property taxes and medical fees increases etc.
365, [13/2/2026 4:28 pm]
I don't high consumption tax is subsidizing the working class, they will feel the effect as well.
Retiring requires proper long term planning, accounting for inflation and buffer for emergency. It can definitely be done, but whether people have the patience and discipline to do so is another matter.
While gst remains at the same % rate for all, the rich will contribute disproportionately to it as their spending tend to be higher.
365, [13/2/2026 4:31 pm]
I agree with this, but what common expenses should be reduced has to be discussed further. Public transport seems to be a good one, which majority benefiting from it, and those who can drive are rich enough in singapore's context.
Other expenses will have to be looked at. Groceries can benefit everyone, including the rich, personal annectode is a good majority of them still patronize ntuc / sheng shiong, so there won't be much equalising if this is being subsidized.
์ฌ์์น๊ตฌ, ์ฒซ์ฌ๋ ๐, [13/2/2026 4:32 pm]
Yeap. Instead of giving lower income households money which is good in itself, another good way would be to cut their costs across the necessary things in their life. Like a one-off public transport voucher ain't enough when travelling in adult fare can be quite pricey.
365, [13/2/2026 4:33 pm]
Think there can be a balance struck between subsidizing certain expenses, and CDC. Not proposing to completely dispose of one idea, but maybe some of it can be real located.
LCL (Danny ๅฟ), [13/2/2026 4:35 pm]
So the government need to do a proper accounting of individuals whether retirees or working people - to ensure that one segment of the population are not disproportionately penalize to subsidise other segment of the population.
If CDC or GST vouchers if not use as a tools for income redistribution, then GST, other cost of living or other taxes should not be impose on the retirees stagnant income vis-a-vis the growing disproportionate increase salary of the working people.
Ensure equilibrium in sustainable incomes for all segment of the population be it the working people and the retirees and the lower and middle income groups must be the virtue of the government.
Working people may think that they are subsidizing retirees or lower income groups as they are working and paying taxes.
But little did they realize retirees could be financing their ever demand for higher salaries.
Adam, [13/2/2026 4:37 pm]
Why are we always talking about income?
Adam, [13/2/2026 4:37 pm]
Do you think landlords talk about rental as income
Adam, [13/2/2026 4:37 pm]
We need to talk about wealth
Adam, [13/2/2026 4:37 pm]
Retirees have no income, but hdb big nest egg
Adam, [13/2/2026 4:37 pm]
Hdb which young working adults with income cannot afford
LCL (Danny ๅฟ), [13/2/2026 4:38 pm]
Also look at the food prices, groceries prices and other cost of living expenses. It has gone through the roof.
Preciously retirees during their working life starting pay $1,600 for uni graduates.
Now working people starting salary for graduates $4,600.
Expect retirees to finance working graduates of $3,000?
Adam, [13/2/2026 4:38 pm]
If retirees let go of high value flats to live more humbly, they can afford thier retirement plus medical and more
365, [13/2/2026 4:39 pm]
Can you explain how is this a case of retirees financing working class
LCL (Danny ๅฟ), [13/2/2026 4:42 pm]
Working people asking for retirees to buy their funds.
Working people want higher salaries. Finance from where, higher GST - pay by who, retirees contribute.
Higher medical fees, pay by retirees medisave.
Children education expenses, everything come from parents.
Subsidies their houses, wedding expenses etc.
Now retire, working people not willing to finance CDC vouchers, GST vouchers even though they earn much higher salaries than their parents.
Adam, [13/2/2026 4:42 pm]
See hdb prices these days, i think retirees can even rent out one room. Maybe after their children start their families and leave. One room rental already enough for retirement. Probably pays more than nsf too
LCL (Danny ๅฟ), [13/2/2026 4:43 pm]
All the hard work of the retirees.
LCL (Danny ๅฟ), [13/2/2026 4:44 pm]
Now children unwilling to do their share after they reap higher salaries.
Adam, [13/2/2026 4:44 pm]
I dont really see this happening apart from people who live as a 3 gen family. Prices through the roof for dual income household and need a bit of generational wealth to start a new family
Jun Ming, [13/2/2026 4:44 pm]
I would prefer gst voucher even better cash payout thou
Adam, [13/2/2026 4:45 pm]
Im pretty sure children give allowances and buy other household stuff for their parents once working. At least i do
Jun Ming, [13/2/2026 4:45 pm]
As a student studying full time need the relief
LCL (Danny ๅฟ), [13/2/2026 4:45 pm]
Children want to benefit everything when young. Everything parents finance them.
Now they get higher salaries, refuse to do their filial piety for income redistribution by financing GST vouchers, cdc vouchers.
Especially when parents become retirees, depend on retirement stagnant income.
Higher medical costs, higher food prices, higher GST, previous low salary, sacrifice so much for the children and younger ones.
Now young people talk about self reliant, forget how the parents sacrifice and bring them up and finance them.
ไธๅญ。
Joomua Tng, [13/2/2026 4:45 pm]
strengthen Singapore spirit?
1. be secular. something the religious organization cannot do. It is a constant reminder. Keep religions out of Singapore policies...is a good status to maintain and an important gate keeper for Singapore harmony, peace and strength in unity.
2.) ISA retention order and statistics.
can reveal it so that all will know what is the problem and so we can look to solve it logical , pragmatically? sensitivity is no longer a reason to hide it. with today's global internet and connectivities, and the dangerous new world order where might is right, we should be open towards it and provide solutions head on.. if not the population will be in a false belief of Harmon and peace i Singapore
Jun Ming, [13/2/2026 4:46 pm]
For people who have retired gst voucher also can relieve from their limited salary
365, [13/2/2026 4:47 pm]
1) I don't think it's fair to raise the issue on familial subsidizing, this is private to their own values and decisions, not everyone follows this same model.
2) Buying funds (I'm assuming you are talking about insurance sales and similar) is a transaction, not subsidizing. They are exchanging money for a product.
3) Higher pay is all from supply and demand. Higher demand for lower availability of labour, is not subsidizing. This is just market forces.
Yes, it sucks that there is inflation, but I cannot agree that the above is considered as subsidizing, more than just the natural behavior of the economy.
Jun Ming, [13/2/2026 4:48 pm]
What I think is more subsidize in healthcare benefits more. Not in the form of insurance but upfront cost
365, [13/2/2026 4:48 pm]
I do not agree on conflicting private familial affairs with policy decision making. Not everyone has that parental subsidies.
Joomua Tng, [13/2/2026 4:49 pm]
retirement.
below average income group is out of this category....unless maybe they have children to support them.
otherwise it is topics for above average, above middle income group.
....
Adam, [13/2/2026 4:49 pm]
Tbh one reason housing prices are so high is because young families are getting funded by their elders.
Adam, [13/2/2026 4:50 pm]
I think some use parent money to buy flat for invest while still living with mommy and daddy
365, [13/2/2026 4:51 pm]
It's the smart use of money, there isn't a good way to prevent this outside of a very stringent and resource intensive case by case investigation
Jun Ming, [13/2/2026 4:51 pm]
Singapore everything high. School fees high, getting a car also high, smokers now have more expensive smoke to smoke, housing even higher
Jun Ming, [13/2/2026 4:52 pm]
You cannot expect everyone to have the discipline
Adam, [13/2/2026 4:52 pm]
Yeah i dont fault them. They are playing the game. I am blaming the gov who made the game and let these exploits happen. People who have generational wealth can get flat easy while those who have limited finances cant make gains
Adam, [13/2/2026 4:52 pm]
Rich get richer
LCL (Danny ๅฟ), [13/2/2026 4:53 pm]
Well I hope when the young generation turn comes and grow old, their children talk about self reliant.
No need to finance this current young group of people.
Self reliant - remember you say that, now you reap what you sow.
365, [13/2/2026 4:53 pm]
I mean, it's hard to cool property prices because people are using this loophole. That's attributing to the higher cost of homes, because of high demand from investors as well.
LCL (Danny ๅฟ), [13/2/2026 4:54 pm]
Luckily, all my children and siblings children and my close circle children - have filial piety and don't behave this way
They respect their parents and grandparents and always remember filial piety.
How they have benefitted from their elders and know how to repay their respects.
Jun Ming, [13/2/2026 4:56 pm]
At the age of 23 not many people can afford to have a bto so many people use parents money
365, [13/2/2026 4:56 pm]
I don't think it's fair to criticize the gov for this also. There's so many ways to circumvent common rules.
MOP? The whole family can just move to the new home and rent out the old one.
Absd? They buy under different name, child vs parent.
Currently they have increased property taxes if you own a property that is not your primary residence, and I don't forsee any significant raises without backlash.
Jun Ming, [13/2/2026 4:57 pm]
So when they grow older and create a new family they tend to forget their original family as they don't live together
Jun Ming, [13/2/2026 4:59 pm]
But from an individual perspective whatever that actually goes into my pocket is the thing benefiting me
Jun Ming, [13/2/2026 5:00 pm]
So as a short sighted people I will like more CDC voucher and cash payout ๐
Jun Ming, [13/2/2026 5:01 pm]
As household benefits you need to ask permission from family to use the fund Damm mafan
Adam, [13/2/2026 5:02 pm]
How high do we pay our gov? Isnt it to solve these problems? Or perpetually monitor the situation?
Adam, [13/2/2026 5:03 pm]
Yeah i hate that the benefits is per household instead of for individuals
Jun Ming, [13/2/2026 5:04 pm]
I use the CDC voucher to buy bicycle then my mother was like why suddenly no more voucher...
RY, [13/2/2026 5:08 pm]
Sametime, I also feel that the CPF match top up schemes namely the Matched Retirement Saving Scheme (including those with Disability) MRSS + the new MMSS (Matched Medisave Saving Scheme) are very gd initiatives by govt by encouraging people to save more retirement and healthcare expenses in future
Hope the MMSS may extend to those 75 and above
I always glad to see the year end interests in my CPF
LCL (Danny ๅฟ), [13/2/2026 5:18 pm]
Make all the young people pay back to their parent's finance of their all these years school education, universities fees, transport, living expenses, finance their houses etc after they get a job.
Then can dispense away with CDC vouchers GST vouchers and all other income redistribution.
And then can sing the tune of self reliant and rely on your retirement fund to finance your retirement.
How does that sound?
Jun Ming, [13/2/2026 5:19 pm]
Then by the time they grad parents pass away liao
LCL (Danny ๅฟ), [13/2/2026 5:21 pm]
These is what this working people want mah...
Self reliant mah.
Jun Ming, [13/2/2026 5:23 pm]
Self reliant means independent not relying on parents at all. Not really borrow and return. So let's say all the school fees are free then automatic become self-reliant. Or a scheme that will pay off school fee like working for school after lesson will also work
์ฌ์์น๊ตฌ, ์ฒซ์ฌ๋ ๐, [13/2/2026 5:23 pm]
That's not what people want that's the core value of the governing party ah.
Jun Ming, [13/2/2026 5:23 pm]
Like apply to all
Jun Ming, [13/2/2026 5:23 pm]
Not only selected people
LCL (Danny ๅฟ), [13/2/2026 5:24 pm]
Governing party never say self reliant with no regard to income redistribution. The We Concept.
You say it. Me only.
365, [13/2/2026 5:24 pm]
There has to be a reasonable expectation also. Can't be we pay them this much then also ask to resolve immigration issue, we demand full Singaporeans only, not reasonable to expect unless you willing to accept a lot of inflation.
Jun Ming, [13/2/2026 5:24 pm]
That means automatic got a job when you enter university. People will not complain too much
Jun Ming, [13/2/2026 5:25 pm]
So self reliant liao mah
Jun Ming, [13/2/2026 5:25 pm]
The job of government is to feed every Singaporean mouth
Jun Ming, [13/2/2026 5:26 pm]
Rather than we first society I prefer the leave no one behind ideology
Jun Ming, [13/2/2026 5:27 pm]
If someone is left behind we wait and help him to keep up
LCL (Danny ๅฟ), [13/2/2026 5:28 pm]
Yes.
This should be the right virtue of the government.
The me only concept really rile me.
LCL (Danny ๅฟ), [13/2/2026 5:43 pm]
I just pay medical fees just now for regular medical attention.
And then an increase in price compare to last year.
I ask the cashier, medical fees increase again annually.
He say yes, higher expenses (ie higher salaries to working people).
Finance by who, retirees who need regular medical check-up.
Stagnant retirement fund, but keep financing yearly working people salary.
And working people say, self reliant, no need CDC vouchers, no need GST vouchers, but cost every year increase. Working people keep getting higher salaries, retirees pay - but insists self reliant - dispense with CDC vouchers GST vouchers some more.
It really rile me.
Working people keep benefitting can, every year higher salaries can, retirees you die your business - self reliant mah.
It really make me angry.
LCL (Danny ๅฟ), [13/2/2026 5:48 pm]
Then young people pester me to take up insurance - they need to earn a living mah.
If working people so garang why keep chasing retirees for business?
Self reliant some more.
ๆฒกๅคงๆฒกๅฐ。
Angry!
REACH Singapore, [13/2/2026 6:00 pm]
๐ข Topic ๐ข
Jun Ming, [13/2/2026 6:02 pm]
Cause they want sales. Retired people got a lot of money park in their bank
Jun Ming, [13/2/2026 6:03 pm]
Sg got work till death culture
LCL (Danny ๅฟ), [13/2/2026 6:05 pm]
Then why young people say self reliant?
They earn big salary, sales commission can.
Self reliant mah.
But CDC vouchers GST vouchers cannot - because they need to pay more tax to finance the retirees mah.
Left benefit, right benefit.
But do some favours for retirees that benefits them cannot in the name of self reliant.
Total me only, total selfishness.
This really make me angry.
Daniel, [13/2/2026 6:08 pm]
Yeah, insurance agents are an annoying bunch and preying on retirees is ethically wrong to say the least. But you are also under no obligation to entertain them or buy from them.
Jun Ming, [13/2/2026 6:09 pm]
They target green grad and old retire people
Jun Ming, [13/2/2026 6:09 pm]
That's why I hate sales man
LCL (Danny ๅฟ), [13/2/2026 6:11 pm]
No I have no animosity with the insurance person.
In fact she is responsive and serve me well.
I am just angry with the issue that people talk about self reliant - retirees take care of themselves that make me angry.
Working people have forgotten that all their education, their upbringing are finance by their parents - but now conveniently try to forget them - in the name of self reliant.
This is the issue that really annoy me.
Daniel, [13/2/2026 6:13 pm]
But not sure how that relies to people selling insurance? A bit confused
Daniel, [13/2/2026 6:14 pm]
I'm all for supporting retirees though, I think that's part of the social contract (up to a certain point)
LCL (Danny ๅฟ), [13/2/2026 6:16 pm]
No lah, I am saying young people including the current working people benefitted alot from the older generation.
Don't forget about them.
ๅไบบๅ ๆ, ๅๅนด่ฎฐ。
Cannot be ungrateful.
REACH Singapore, [13/2/2026 6:45 pm]
Dear Contributors,
⏰ We will be closing the chat in 15 minutes ⏰
Thank you very much for being part of our Telegram chat and participating actively.
Goodnight!
Megan ๐
REACH Singapore, [13/2/2026 7:01 pm]
Dear Contributors
We will be closing the chat for today.
Thank you very much for being part of our Telegram chat and participating actively.
Goodnight!
Megan ๐
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