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- Lease_Buyback_Scheme abstract "Lease Buyback Scheme (LBS) is a monetisation option introduced by Singapore to help elderly households in three-room or smaller flats unlock their housing equity to meet their retirement needs. It was announced by Singapore’s Minister for National Development, Mah Bow Tan, in Parliament on 6 Feb 2009, and the Housing and Development Board (HDB) has started accepting applications for LBS from 1 Mar 2009. The scheme underwent a review, following Singapore's Deputy Prime Minister and Minister for Finance and Manpower, Mr Tharman Shanmugaratnam announcement on 17 Feb 2012. The enhanced LBS was announced on 27 December 2012, under which, eligible elderly households will receive a $20,000 LBS bonus when they sell the tail-end lease of their 3-room or smaller flats to HDB and use their net proceeds to top up their CPF Retirement Account (RAs) to the specified top-up requirements. Further revisions to the scheme were announced on 3 Sep 2014, and took effect from 1 April 2015.This is in addition to the value of the housing equity unlocked from the shorter lease.The household will receive the full bonus so long as the total top-up to their RAs is $60,000 or more. A maximum of $100,000 of the excess proceeds can be withdrawn in cash, after topping up the RAs to the specified requirements. Any amount in excess of $100,000 will be used to help the person with the lower RA balance meet the prevailing Minimum Sum. They will be able to use their full RA savings to buy a CPF LIFE plan if they have at least $40,000 (if below age 65) or $60,000 (if aged 65 to 79) in their RA after the top-up. This will enable the elderly couple to have a monthly stream of income for life.".
- Lease_Buyback_Scheme wikiPageExternalLink MaxFinancesOverviewLeaseBuyback?OpenDocument.
- Lease_Buyback_Scheme wikiPageID "21904546".
- Lease_Buyback_Scheme wikiPageLength "4984".
- Lease_Buyback_Scheme wikiPageOutDegree "7".
- Lease_Buyback_Scheme wikiPageRevisionID "691469734".
- Lease_Buyback_Scheme wikiPageWikiLink Apartment.
- Lease_Buyback_Scheme wikiPageWikiLink Category:Public_housing_in_Singapore.
- Lease_Buyback_Scheme wikiPageWikiLink Category:Singapore_government_policies.
- Lease_Buyback_Scheme wikiPageWikiLink Housing_and_Development_Board.
- Lease_Buyback_Scheme wikiPageWikiLink Mah_Bow_Tan.
- Lease_Buyback_Scheme wikiPageWikiLink Ministry_of_National_Development_(Singapore).
- Lease_Buyback_Scheme wikiPageWikiLink Singapore.
- Lease_Buyback_Scheme wikiPageWikiLinkText "Lease Buyback Scheme".
- Lease_Buyback_Scheme wikiPageUsesTemplate Template:Advert.
- Lease_Buyback_Scheme wikiPageUsesTemplate Template:Public_housing_in_Singapore.
- Lease_Buyback_Scheme wikiPageUsesTemplate Template:Refimprove.
- Lease_Buyback_Scheme wikiPageUsesTemplate Template:Reflist.
- Lease_Buyback_Scheme subject Category:Public_housing_in_Singapore.
- Lease_Buyback_Scheme subject Category:Singapore_government_policies.
- Lease_Buyback_Scheme hypernym Option.
- Lease_Buyback_Scheme type Automobile.
- Lease_Buyback_Scheme type Policy.
- Lease_Buyback_Scheme comment "Lease Buyback Scheme (LBS) is a monetisation option introduced by Singapore to help elderly households in three-room or smaller flats unlock their housing equity to meet their retirement needs. It was announced by Singapore’s Minister for National Development, Mah Bow Tan, in Parliament on 6 Feb 2009, and the Housing and Development Board (HDB) has started accepting applications for LBS from 1 Mar 2009.".
- Lease_Buyback_Scheme label "Lease Buyback Scheme".
- Lease_Buyback_Scheme sameAs Q6510276.
- Lease_Buyback_Scheme sameAs m.05p3q8g.
- Lease_Buyback_Scheme sameAs Q6510276.
- Lease_Buyback_Scheme wasDerivedFrom Lease_Buyback_Scheme?oldid=691469734.
- Lease_Buyback_Scheme isPrimaryTopicOf Lease_Buyback_Scheme.