Aim: To improve the quality of life for
people in need.
Capital Means Test
Currently: Means test for entitlement to
non-contributory Old Age Pension:
Single persons: Lm6,000
Married couple: Lm10,000
Measure: Extension of above means test to
Medical Assistance, and
Social Security Pension.
Increase in Supplementary Allowance
Aim: To provide for those with less income.
Measure: Increase in & extension of the
Supplementary Allowance scheme.
Income eligible for Supplementary Allowance:
Married couple: Lm4,200 (increased)
Single: Lm3,270 (unchanged)
Ceiling on which benefit is calculated remains
Married couple: Lm10,270
Single person: Lm8,270
Increase in percentage rates applicable on the
difference between the existing levels and the income of the beneficiary:
Threshold for income applicable for these
calculations remains unchanged: Lm2,220 for all beneficiaries.
Payment for maintenance of children in cases of personal separation
Currently: Under the Income Tax Act,
maintenance paid is taxable in the hands of both the paying & the receiving
Measure: Children's maintenance allowance is
not to be taxed in the hands of the receiving spouse.
Increase in Children’s Allowance for those with three children and more
Measure: Increase in rates on which
Children’s Allowance is calculated for persons with three or more children:
New procedures in working of tax calculations on arrears of pensions
Aim: To spread tax arrears arising out of revisions of pensions
on the respective years of income on which the pension arrears were due.
on all arrears paid on 1/1/2003, provided
that these do not go back to prior 1999: arrears due before
that year will be added on to the income of 1999 for tax purposes;
on all arrears paid 1999 - 2002, provided
they are due to erroneous calculations on pensions made by
some Government Department.
Increase in the cost of
living for pensioners
Aim: To adopt the workings of a new Cost of Living Index that
would justly reflect the expenditure patterns of pensioners.
Measure: A weekly increase in costs of
living Lm1.27c, calculating the Price Index in accordance with the expenditure
patterns of pensioner-households, applicable to:
Two-Thirds Pension rate,
and the Survivors’ Pension,
the Retirement Pension,
the Invalidity Pension,
the Widows Pension,
single persons' National Minimum Pension, and
single persons' Old Age Pension.
Justice with Casual Social Assistants
Measure: Casual Social Assistants (635), who
provide services to our elderly, will no longer be considered as self-employed
but as part-time with all the pertinent rights under labour legislation.
Financial assistance for parents with children under two years who attend Child
Day Care Centres
Aim: Increasing female participation in the
creation of wealth both for her own sake and for that of the country.
Subsidy of payments for day care service for small children
- projected for working women with children under 3 years of age who are
left at a licensed Child Day Care Centre - means tested;
A regulatory framework to ensure that the service
given by these Child Day Care Centres will be of the desired standards.
Budget 2003 Index