Celebrity Sightings

[cowie]

Yes, but after 1 million miles redemption, you pay FULL FARE + tax ......

On Air Asia, you continue fly anywhere on Air Asia network, pay tax + misc.....until you die.....

which is a better deal?


(Audio)

I was taught as a child not to look the gift horse in the mouth, so I would not compare and simply be grateful.

[Audio]

But free flights means still need to pay taxes and misc fees (e.g. meals, luggage, etc)?

Yes, but after 1 million miles redemption, you pay FULL FARE + tax ......

On Air Asia, you continue fly anywhere on Air Asia network, pay tax + misc.....until you die.....

which is a better deal?


(Audio)

[orionmiz]

"AirAsia Bhd will provide free flights for life to all Asean athletes who won gold medals at the 2016 Summer Olympics in Rio de Janeiro, Brazil.

In a statement today, the low-cost airline said those Asean athletes who won silver and bronze medals in their events, would also be given free flights for five and two years respectively."


Tony did what SQ should have done and now Schooling gets free flights for life.

But free flights means still need to pay taxes and misc fees (e.g. meals, luggage, etc)?

[scooby5]

Well,..... a million miles is not much.... its 270000 for standard redemption.... save will be 170000 .... plus you have the uncertainty of waitlisting.... and surcharges and taxes of $753.....

SQ should just award him free lifetime travel in at least J....

"AirAsia Bhd will provide free flights for life to all Asean athletes who won gold medals at the 2016 Summer Olympics in Rio de Janeiro, Brazil.

In a statement today, the low-cost airline said those Asean athletes who won silver and bronze medals in their events, would also be given free flights for five and two years respectively."


Tony did what SQ should have done and now Schooling gets free flights for life.

[kevin-sg]

I wouldn't say it's not really from government, because Tote Board is a government statutory board. Singapore Pools, though it is private, is a wholly owned subsidiary of Tote Board.

Anyway, in Singapore:
- Awards (such as the one Joseph Schooling will be getting) are generally taxable (unless it is <$200)
- Winnings (the one you win from lottery such as Toto) are not taxable.

Thanks for the update and corrections!

[reddevil0728]

Didn't get paid but they did give him SG$1 million for the gold medal under the Multi-Million Dollar Awards Programme (source: http://www.singaporeolympics.com/mul...programme-map/)

There are ceilings on the awards. Athletes will be entitled to awards up to a maximum of three individual gold medals won at the SEA Games, up to two individual gold medals won at the Commonwealth Games and the Asian Games, and the first individual gold medal won at the Olympic Games. All awards are presented to the winning athlete, not the National Sports Association but it is mandatory for all athletes to plough back a certain percentage of the MAP awards to their National Sports Association for future training and development. All awards are taxable.

It's stated in the link

[orionmiz]

The $1M cash is NOT from the government, its from Tote Board / Singapore Pools. Its also taxable, please kindly read the link from PinkFloyd

I wouldn't say it's not really from government, because Tote Board is a government statutory board. Singapore Pools, though it is private, is a wholly owned subsidiary of Tote Board.

Anyway, in Singapore:
- Awards (such as the one Joseph Schooling will be getting) are generally taxable (unless it is <$200)
- Winnings (the one you win from lottery such as Toto) are not taxable.

[9V-JKL]

Ohh... I am refering to the $1 mil cash award from the govt for the Gold. Yes, same as winning the lottery in Singapore, no tax. If in the US, it would be tax on everything including lottery and prizes.

The $1M cash is NOT from the government, its from Tote Board / Singapore Pools. Its also taxable, please kindly read the link from PinkFloyd

[kevin-sg]

Capital Gain on what? It's a one-off income payment/award that he'll need to declare. I think it'll be the same as winning the lottery.

I'm only disappointed the way SQ have handled all this, putting him at the back of their lines in all their pictures at the airport etc. without his mother as well, and a meagre million miles that, as Kapitan said, he'll need to pay charges on during redemptions.

Ohh... I am refering to the $1 mil cash award from the govt for the Gold. Yes, same as winning the lottery in Singapore, no tax. If in the US, it would be tax on everything including lottery and prizes.

[scooby5]

I don't believe there would be tax liability on this award. This is considered capital in nature. There is no Capital Gains Tax in Singapore.

Capital Gain on what? It's a one-off income payment/award that he'll need to declare. I think it'll be the same as winning the lottery.

I'm only disappointed the way SQ have handled all this, putting him at the back of their lines in all their pictures at the airport etc. without his mother as well, and a meagre million miles that, as Kapitan said, he'll need to pay charges on during redemptions.

[kevin-sg]

He won't get the full million.... think 20% goes to the swimming association.... and then taxes... someone calculated he will get about 600k.

I don't believe there would be tax liability on this award. This is considered capital in nature. There is no Capital Gains Tax in Singapore.

[Pinkfloyd]

He won't get the full million.... think 20% goes to the swimming association.... and then taxes... someone calculated he will get about 600k.

Didn't realise the association gets a cut... But then again 600K is still pretty good...

[kapitan]

Didn't get paid but they did give him SG$1 million for the gold medal under the Multi-Million Dollar Awards Programme (source: http://www.singaporeolympics.com/mul...programme-map/)

He won't get the full million.... think 20% goes to the swimming association.... and then taxes... someone calculated he will get about 600k.

[Pinkfloyd]

Singapore Olympic athletes get paid?!?

Didn't get paid but they did give him SG$1 million for the gold medal under the Multi-Million Dollar Awards Programme (source: http://www.singaporeolympics.com/mul...programme-map/)

[scooby5]

SQ should just award him free lifetime travel in at least J....

I believe CX gave 5yrs unlimited free travel to a Lee Lai Shan some years back for winning their only (so far) Gold at Atlanta......though to be honest I don't know what class.

She also got lifetime free travel on HK ferries and the MTR.