London Mission Newsletter volume 21 (Oct 2006)

Page 1

Republic of Trinidad and Tobago

MarchApril 2006 2006 October

Volume

Inside this Issue Welcome Caribbean Airlines

3

Plans for GTL Plant unveiled

3

The China Experience

4

Art Extravaganza at TTHC

8

Grand T&T Day at Pontefract Races

10

Divali Celebrations at TTHC

13

Letter to the Editor

16

Attention Nationals

18

E-mail the Editor at: tthc.information @btconnect.com

from $18,00 to $60,000

2006-2007 Budget Presentation

O

month; ii) Under the current system, a person whose income exceeds $100 per month but does not exceed $1,000 per month receives a “basic pension” of $1,050. It is proposed that, with effect from January 1st 2007, this person will The Hon. Patrick Manning, Prime now receive a Senior Minister of the Republic of Trinidad and Citizens’ Grant of Tobago, during his budget presentation $1,150 per month, an increase of $100 per According to the Hon. month; Prime Minister, the Effective October 1st 2004, iii) A person whose income government proposes to the maximum Old Age is less than $100 per month increase the tax allowance Pension was increased from is currently paid a “monthly for Trinidad and Tobago $1,000 per month to $1,150 pension” of $1,150. This students studying overseas p e r month. T h e person will continue to from $18,000 to $60,000 Government has reviewed receive $1,150 per month as per household. This measure the distribution of the Old a Senior Citizens’ Grant. In requires amendments to the Age Pension, to be renamed addition this person will be Income Tax Act and would Senior Citizens Grant, and also provided with an take effect from January 1, now proposes the following additional allowance of 2007. amendments: $100; Highlights from the iv) The maximum amount 2006/2007 Budget are as i) With effect from October paid as Senior Citizens’ 1, 2006, there will be only follows: one qualifying income Grant will be $1,150 per FISCAL MEASURES ceiling, that is, income not month; (Continues on page 2) Senior Citizens Grant exceeding $2,150 per

verseas students stand to benefit from a substantial increase in tax allowance. This announcement was made on Wednesday 4th October, 2006, by the Honourable Patrick Manning, Prime Minister and Minister of Finance, as he delivered the 20062 0 0 7 b u d g e t presentation.


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London Mission Newsletter volume 21 (Oct 2006) by Trinidad & Tobago High Commission - Issuu