Discover all on Parent Relief in Singapore: What is IRAS Parent Relief? Eligibility, Benefits, Amount, Dates. Ministry of Social and Family Development provides specific incentives to citizens who meet certain eligibility norms and conditions. Find out more information by reading our article on ‘Parent Relief in Singapore.’
Parent Relief in Singapore
Being a citizen of Singapore brings a lot of opportunities with it. Looking after an elderly person is a big task in itself. The government encourages citizens to receive elderly care and helps them stay focused by providing them with some amount of relief. Any individuals with parents, grandparents, and grandparents-in-law are entitled to the relief.
The cost of elderly care can vary mostly depending on the location and level of care needed. Dependent can opt for assistance from any of the six activities like washing, costuming, catering, toileting, shifting, and movability. While filling out the application for handicapped parent relief gather all medical evidence as proof.
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What is IRAS Parent Relief?
The Government hopes to dangle financial carrots for citizens to look after their parents in old age. Having a close-knit family is a blessing and the Government helps to provide all sorts of assistance to the children to take care of their parents in their declining years in the form of Parent Relief.
Ensure to provide all necessary documents to prove your eligibility. Furnish all the precise details in the application, inaccurate or misleading IRAS can lead to the application refusal and can even affect the eligibility. Getting Parent Relief is straightforward for applicants who follow our guide.
Parent Relief Eligibility
A child who cannot bares to leave their parents in nursing homes is responsible for all basic requirements of the elderly parents.. To apply for Parent Relief applicant must meet certain eligibility criteria which include:
- The dependent parent must be a minimum of 55 years or more.
- The claimant must pay the income tax for the prior year to get the benefits.
- The annual income of the previous year (2023) must not exceed $4000.
- Mandatorily the depend should reside with the applicant in the same house.
By following the application procedure diligently, providing accurate information, and submitting the form timely with complete documentation, candidates can enhance their chances of successfully obtaining a Parent Relief.
Parent Relief in Singapore Benefits
Besides the elderly parent relief, there are certain other incentives provided to the parents for rearing a child. Parenthood Tax Relief is up to five years, with funding of $20,000 for each qualifying child. This rebate is given to parents who have a child and are timely paying the income tax.
Note: Qualifying Child relief and handicapped Child Relief have unique amounts for the qualifying Parents. Under Qualifying Child Relief recipient can receive a tax relief of $4000 for a single child. On the other hand, the child being handicapped can get a relief of $7500 for each child.
Parent Relief Amount 2024
Taxpayers who put in efforts to support the senior parents get paid by the relief. The benefit amount for each dependent may vary check out the table we have shared for Parent Relief for better visibility and understanding
| Condition | Parent Relief | Handicapped Parent Relief |
| Residing with claimant | $9,000 | $14,000 |
| Not residing with the claimant | $5,500 | $10,000 |
Remember: An individual can claim for a maximum of two dependent parents.
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Parent Relief Dates 2024
The current income limit for the claimant is set to $4,000 by the year 2025, the yearly income limit will be inflated to $8,000. The payment dates generally depend on the tax filing. File the income tax for the Year of Assessment 2023 in order to get the relief in 2024.
Managing a single dependent becomes quite complex when the caregiver is working. Thus in such circumstances, the management can be shared between two claimants. In case any applicant is e-filing for the first time here are some crucial steps that must be followed on the official portal.
- Log in with the Digital Identity (Singpass).
- Click on ‘File Income Tax Return’
- Now tap on ‘Edit My Tax Form’
- Look for ‘ Deduction and Reliefs’ on the screen.
- Lastly, click on ‘Parent/ Handicapped Parent’
- And almost done updating and entering the claim must be done.
Stay informed and updated while regularly checking the official website or seeking advice from an expert.
