Business and Money Tips

(Read also 'Move over PIC, now it's Training Credit' at here ) Following my over 9 articles on PIC (read one of them here ), these are the 2 changes to PIC from 2015 onwards.  Note: there is this course on PIC at here .  1.  PIC Bonus of up to $15,000 will cease to exist    This means that the last financial year to get your PIC bonus is 2014 .  What this means is that in this year of 2015, you can still get PIC Bonus for your PIC claims made in 2012 to 2014.  Note: the PIC Bonus is an automatic scheme, i.e., you don't need to apply .  The IRAS will automatically give you the PIC bonus as long as your PIC claims is $5,000 or more.  The PIC Bonus is another 100% of the PIC Claims that you made, on top of the 60% cash that you get. The cap is $15K for the years 2012 to 2014. 2.  Three Employees Requirement every month.   Companies need to have 3 CPF employees every month in the quarter that they're submitting.  Before 2015, companies only need to have 3