PRIME Minister Lee Hsien Loong is donating $500,000 from his salary increase last year to an education endowment fund which gives awards to students and schools.
The amount comes from the pay hike of $1.04 million PM Lee received in 2008, following a salary adjustments in April 2007.

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How many people can save $50,000 while working in a life time?

$100 per month saving will take 500 months or 41 years.

$500,000 is alot of money. 10 times more.

So how many million has PM Lee left after the donation?

income tax deductable??

Aiyah! Quite noble of him already lah! Better than so many more other ministars who may have kept every cents to themselves!!!

What did they do with the money?

Lose it in the meltdown?

All are suffering.

Indeed, PM Lee is a kind and respectable man. Look at his facial features already know lah. I hope other ministers or rich man/woman will donate generously to charities too.

Donating for 5 years...and receive full salary for the next 10 years...how many Singaporean can save S$500K in their lifetime??

Wow, $500,000 is alot of money. I don't think I'll see that amount of money in my lifetime!!!

If you save at $1000 a month, you will take 41 years.

Lots of years.