When
The New Singapore Shares (NSS) were introduced in 2001to help the lower income group tide over the economic downturn.Some sporean dunt believe the gov promoises and cash them immediately.
Some may think it is tied up with share market.Some dunt believe the
bonus promises!!
01/03/2007: The 2007 NSS and ERS dividend rate is 10.9%. Bonus shares will be paid on 1 March 2007. After 1 March 2007, all remaining NSS will be automatically exchanged for cash.
The NSS will earn annual dividends, in the form of bonus shares, over 5 years. The bonus shares will be calculated at a rate of 3% plus the real GDP growth rate of the preceding calendar year, with a guarantee of at least 3%.
2.Actual case:
Allotment:$1400 in End 2001.Total cash out in April 2007,$2095.
Allotment:$200 in End 2001.Total cash out in April 2007,$302.
50% of bonus or interest earned from 2002 to 2007.Not bad.
3.
i am pity for those no-confidences citizenswe just check bank accounts on 15.04.2007 ,the date
NSS will be credited into bank acct.