Budget 2023: Baby Bonus boost welcome, but not a game-changer for undecided couples: Analysts

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Budget 2023: Baby Bonus boost welcome, but not a game-changer for undecided couples: Analysts
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Measures range from more cash gifts and grants to reliefs and paternity leave. Read more at straitstimes.com.

up from the current two weeks, depending on their employers.

This will change from the year of assessment 2025, based on income earned and reliefs claimed for the year 2024. Global employer services leader at Deloitte Singapore, Ms Sabrina Sia, said the move is intended to enhance the progressivity of the individual tax regime, as working mothers in the middle-income group will benefit more from having a fixed relief quantum.

“Family and childcare infrastructure support is often critical to support working mothers with their childcare journey,” she said.

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