Review of Means-tested Thresholds for Annual Values of Properties Following Revision of Annual Values
- Mr. Gerald Giam questioned why means-testing thresholds for healthcare subsidies haven't been raised despite IRAS's 2023 upward revision of property annual values (AVs) and asked why 2022 AVs are used instead of 2023 values for households with zero per capita income.
- The Senior Parliamentary Secretary confirmed that agencies continue using 2022 AVs for 2023 means-testing due to the recent revision, with a review of social support schemes planned later in the year, and assured that households with zero income will not be worse off even if their 2023 AV is unavailable.
- Mr. Giam further asked whether households with minimal income (e.g., $1) are still subject to AV criteria, to which the response indicated that while a cut-off exists, assessments aim to be fair and non-draconian, with appeals and backend processes ensuring support for those in need.
- The Ministry clarified that removing the AV component for low-income households is under broader consideration, but AV remains a proxy for means, and alternative non-means-tested support exists for seniors, such as higher outpatient subsidies and Pioneer/Merdeka Generation benefits.