New Zealand Dollar falls across the board on weaker consumer confidence
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The New Zealand Dollar weakens in its most traded pairs after weak consumer
confidence data. The New Zealand economy suffers from the twin evils of
high i...
30 minutes ago
Haha 👍
ReplyDeleteBut how come need to justify with WIS staff? Shouldn't it be automatic?
Last year i.e. 2017 WIS was disqualified as self-employed status due to one time deferred bonus payment from 2016 from ex-company as I retired and not resigned so I was entitled to pro-rated bonus declared in 2016.
DeleteThis CPF counter staff just wanted to be very sure so she checked with WIS back end staff since I was disqualified last year.
I remarked that CPF policies are often not easy to understand. She replied immediately WIS is not CPF. It is from Government. LOL!
Oh i c...
DeleteGood lah ... the Medisave portion can more than cover annual medishield premium. Hoho!
I previously wanted to get as self-employed tutor, but kena disqualified due to co-owning 2 properties, @#$%^& grrr! :)
Rental is considered as income. You definitely not counted as low income. Your rental income is median income. LOL!
DeleteLucky, dividends are not counted as income!
DeleteLol 😂 No lah still lower middle income haha.
DeleteSince me jobless so all the rental income put under me to reduce wifey taxes. Now I laggi cannot qualify 😩
Beside salary <2K, one has to meet additional criteria:
ReplyDelete** Live in a property with an annual value3 of more than $13,000 assessed as at 31 December of the preceding year;
** does not own two or more properties; or
**if married:
you and your spouse together own two or more properties; or
the assessable income of your spouse for the preceding Year of Assessment exceeds $70,000.
Unfair leh.
own two or more properties are passive income earners and likely can't be low income. Taxable income from rental more than $20K?
Delete