THE Government encourages older workers to continue working and be gainfully employed to support themselves.
However, if we look at tax policies, if a child wishes to claim parent relief, his parent has to earn less than $4,000 a year. This works out to about $330 a month.
If an elderly person takes up, say, a part-time cleaning job, he would be paid at least $500 to $600 per month. This is not enough for his daily needs, and he would still require financial support from his children.
The Inland Revenue Authority of Singapore should consider removing the income condition from parent relief altogether, to be in sync with the campaigns to get the elderly to continue working, and to encourage children to continue to support their parents.
Tay Khee Khee (Ms)
However, if we look at tax policies, if a child wishes to claim parent relief, his parent has to earn less than $4,000 a year. This works out to about $330 a month.
If an elderly person takes up, say, a part-time cleaning job, he would be paid at least $500 to $600 per month. This is not enough for his daily needs, and he would still require financial support from his children.
The Inland Revenue Authority of Singapore should consider removing the income condition from parent relief altogether, to be in sync with the campaigns to get the elderly to continue working, and to encourage children to continue to support their parents.
Tay Khee Khee (Ms)
