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Where would CPF money go if it is nominated to a bankrupt? When Madam Lim Lye Kiang sought to claim the $102,000 from CPF which her late sister had left her, she would never have expected that the CPF Board transferred the money to the OA (Official Assignee) to...

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Why you should not buy IPOs As Sheng Siong is launching its IPO next month, I expected a few calls as whenever an IPO is launching. And if you are my client, you know my answer. I decide to write this article so everybody can benefit...

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Questions to ask your Financial Adviser Every Sunday morning when I flip open the newspapers, I always see articles or advertisements regarding "Financial Advisers". Nowadays, just like the once prestigious word "Banker", which is misused in...

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Revision to Nomination of Insurance Nominees Regulation With the onset of the Mental Capacity Act ("MCA") coming into effect on 1st March 2010, the Insurance (Nomination of Beneficiaries) Regulations 2009 ("the Regulations") will be amended to effect 2 changes: The...

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The ABCs of the Financial Advisers Act The title, Financial Adviser, is always mis-used in the industry and misunderstood by the consumers. On 10 October 2002, the Financial Advisers Act came into effect and all financial institutions are...

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Foreign Domestic Worker Levy (Maid Levy)

Category : Personal Finance

A Foreign Domestic Worker (FDW) levy of $265 (normal) or $170 (concession) is payable every month. Levy charges begin one day after the FDW arrives in Singapore. For first-time FDWs, the levy will begin on the fourth day of the worker’s arrival (excluding the day of arrival).

Levy payments should be made via GIRO. The FDW’s Work Permit will be cancelled if you fail to maintain a valid GIRO account. The levy for each month is payable by the employer at the end of each month. The payment due date is the 14th (for manual payment) or 17th (for GIRO payment) of the following month. If the 17th is a non-working day, the deduction will be made on the next working day.

Levy Concession

You can apply for a levy concession for up to two FDWs if you satisfy any of the following conditions:

Condition A

  1. The employer or spouse has a child who is a Singapore citizen and below 12 years old living with him/her
  2. The employer or spouse has a grandchild who is a Singapore citizen and below 12 years old living with him/her

Condition B

  1. The employer or co-residing spouse is a Singapore Citizen aged 65 years or above
  2. The employer or spouse is a Singapore Citizen and the other party is a Singapore Permanent Resident aged 65 years or above, both of whom live at the same registered address as in the NRIC.

Condition C

  1. The employer or spouse has a parent, parent-in-law, grandparent or grandparent-in-law who is a Singapore Citizen aged 65 years or above, living with them at the same registered address as in the NRIC
  2. The employer or spouse is a Singapore Citizen and has a parent, parent-in-law, grandparent or grandparent-in-law who is a Singapore Permanent Resident aged 65 years or above, living with them at the same registered address as in the NRIC.

Condition D

Employers with disabilities or who have family members with disabilities and require a full-time caregiver’s assistance in daily activities (washing/bathing, feeding, going to the toilet, dressing and mobility). For more information on the eligibility criteria and application procedures, please visit the website of the Centre for Enabled Living.

More information can be found from MOM website.

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