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Serious Sinkie Paid $5k For The Privilege of Doing NS Reservist!
An honorable member of the Coffee Shop Has Just Posted the Following:
Dear ASS, I am writing in to share my story related to SAF. I am a Singapore citizen, did the armies for 2 years and currently required to go back for reservist every year. I have been back for than 5 times for my reservist already. I am a self employed, currently doing a few small businesses. Therefore, for every reservist, I have to submit for my make up pay claim in order to get my make up pay. It is only recently I realized something to my surprise I thought I share this with the rest of the national servicemen. In 2015, I attended a 14 days in camp training and as usual, I submit my document for my make up pay claim. As 2015 has not come to an end during then, I do not have my tax documents(Notice of Assessment) for 2015 ready. Therefore, I have to use the previous years NOA for my make up pay claim. I believe this practice has always been the case as I have been doing so for a few years now and I believe many self employed will understand what I am talking about. So 2014 has been a pretty good year for me, my annual income for that year was around 200k (just a indicative figure). Therefore, the make up pay claim for that particular 2 weeks was a pro rate of the 200k / 365 days X 14. I am not sure how they calculate but I suppose it is like this. Going on to 2015, which hasn't been a good year for me. My income for that year has reduced drastically to 60k(indicative). And as usual, I file my income tax with iras this year(2016) sometime during April. So now my NOA for 2015 is ready and just like everyone else, I have to make tax payments. I then hear from Mindef that my income is for 2015 is much lesser than 2014 so therefore, I have to pay them back the pro rated balance. For example; 200000 / 365 X 14 = $7671 60000 / 365 X 14 = $2301 I have to pay the differences of $5370. I am like what the f***? After hearing their explanation, I sort of understand their stand. As your NOA for that year of reservist can never be ready within that year. We always have to use the previous year's NOA for our make up claim which is inaccurate and based on a rough estimation. Okay, this I can understand. So now that I have declared my income tax for 2015 and they realized it is different from 2014 and they are asking me back to the difference of the pro rated sum. I think I can accept this as I really did not make as much as 2014 but I am only very surprised because it is really new to me and I dont think many self employed ns men knows about this as well.(I ask my army friends and everyone was like; where got such thing one?!) I think it is good I share this experience with the rest because for my scenario, the difference in the sum is actually pretty hefty. Besides, it is a bad economy and recession now. Times are already so bad and out of a sudden have to pay back such hefty sum. Not happy also cannot do anything. Suck thumb and pay and pay. Krampus - More at AllSingaporeStuff.com http://www.allsingaporestuff.com/art...-his-reservist FB: http://fb.com/allsgstuff Click here to view the whole thread at www.sammyboy.com. |
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