In Finances 2021, the Authorities introduced that GST Voucher (GSTV) – Money recipients will obtain a one-off GSTV – Money Particular Fee of S$200 on prime of the common GSTV – Money fee.
As well as, all eligible HDB households will obtain an extra 50 per cent off their common GSTV – U-Save this 12 months, via a one-off GSTV – U-Save Particular Fee.
These are a part of the Finances 2021 Family Assist Bundle, which supplies extra assist to households throughout this era of uncertainty, with lower- to middle-income households receiving extra.
GST Voucher – Money Particular Fee
Decrease-income Singaporeans who qualify for the GSTV – Money (paid each August) will every obtain an extra Money Particular Fee of S$200 from June 23.
In complete, lower-income Singaporeans can obtain as much as S$500 in GSTV – Money and Money Particular Fee this 12 months to assist them with their every day dwelling bills. This can profit about 1.4 million Singaporeans and of those eligible residents, 9 in 10 will obtain their payouts routinely.
The GSTV – Money of as much as S$300 can be credited straight into residents’ financial institution accounts from July 30.
Those that shouldn’t have a PayNow-NRIC-linked checking account however have supplied their checking account quantity to the Authorities beforehand, will obtain their payouts by way of financial institution switch on June 30. The remainder will obtain cheques despatched to their official tackle from July 15.
This part of the GST Voucher scheme will quantity to about S$405 million.
Moreover, about 575,000 Singaporeans aged 65 and above in 2021 may even obtain a top-up to their CPF MediSave Accounts of as much as S$450 every from July 30. In complete, the top-ups will quantity to about S$170 million.
For extra particulars on the GST Voucher and to examine your eligibility, you’ll be able to go to www.gstvoucher.gov.sg.
Featured Picture Credit score: Bernama