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Budget Speech 2006
   

Expand HOPE

 

3.27 The Home Ownership Plus Education (HOPE) scheme encourages young, low-income families to limit themselves to at most two children, so as to give these children the best chance of success. Presently, HOPE is only open to couples if both have no more than two ‘O’ level passes. We will relax this to include parents without post-secondary qualifications, and also slightly older couples who despite having post-secondary education, still earn low incomes after working for some years. However, we will maintain the rule that the couple must have no more than two children to be eligible for HOPE.

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    ANNEXES
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      Annex A : Tax Changes to Promote the Financial Sector
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      Annex B : Tax Changes to Grow Dynamic Maritime and Logistics Industries
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      Annex C : Review of Record-Keeping Periods
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      Annex D : Review of Industrial Building Allowances
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      Annex E : Budget for FY2005 and FY2006
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