Asked by Anonymous
Hi everyone, hoping to get advice from anyone who has gone through HDB income assessment with freelance / retrenchment situations.
1. Freelance income
If I do freelance work with irregular amounts, does any amount (e.g. $80) still count as a working month?
Is there any minimum income threshold for a month to be considered “worked”?
2. Retrenchment-related payments
Does Annual Leave (AL) encashment count towards the income ceiling?
Does payment in lieu of notice (PILON) count as income for HDB assessment, or is it treated as compensation?
Thanks in advance!
1. Freelance income
If I do freelance work with irregular amounts, does any amount (e.g. $80) still count as a working month?
Is there any minimum income threshold for a month to be considered “worked”?
2. Retrenchment-related payments
Does Annual Leave (AL) encashment count towards the income ceiling?
Does payment in lieu of notice (PILON) count as income for HDB assessment, or is it treated as compensation?
Thanks in advance!
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