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Calculating Per Capita Income. Eligibility Criteria Singapore Citizen; Enrolled into RP PFP’s Programme; Gross monthly household income ≤ $2,500 or Gross.

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Presentation on theme: "Calculating Per Capita Income. Eligibility Criteria Singapore Citizen; Enrolled into RP PFP’s Programme; Gross monthly household income ≤ $2,500 or Gross."— Presentation transcript:

1 Calculating Per Capita Income

2 Eligibility Criteria Singapore Citizen; Enrolled into RP PFP’s Programme; Gross monthly household income ≤ $2,500 or Gross monthly household per capita income (PCI) ≤$625 WHAT IS PCI?

3 Per Capita Income (PCI) Total Gross Family Income PCI = ------------------------------------- No. of family members including student Names of Family membersAgeMarital Status OccupationMonthly gross income from all sources Father53MarriedEngineer$3800 √ Mother47MarriedHousewife$0 √ Brother 121SingleStudent$0 √ Brother 223SingleNS$400 X Sister15SingleStudent$0 √ Grandfather90Retiree$0 √ TOTAL$3800 PCI = ---------------- =$542.86 7

4 Total Gross Family Income Gross Income of the household includes: Basic Salary + Allowance + Overtime pay before CPF deduction Annual Wage Supplements & Bonuses – To be divided by 12 months Other sources of income e.g rent, interests, dividends, alimony Monthly financial support from divorced/separated parent to support children/household

5 Total Gross Family Income Does NOT include Payments in kind Reimbursement for transport and other expenses National Service (NS) allowance


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