Latest News

Eligible S’poreans Get Up To $300 GST Voucher Payouts From 1 Aug, Will Be Notified By 3 Jul

1.4 Million Eligible Singaporeans To Receive GST Voucher Payouts In August

Earliest last month, adult Singaporeans received up to $600 cash as part of the Care and Support Package.

Come August, around 1.4 million eligible Singaporeans will receive GST vouchers of up to $300.

Source

Additionally, around 545,000 Singaporeans aged 65 and above will get MediSave top-ups of up to $450.

GST voucher payouts for Singaporeans aged 21 & above

According to The Straits Times (ST), Singaporeans 21 and above whose assessable income for the Year of Assessment (YA) 2019 did not exceed $28,000 will receive GST vouchers of either $150 or $300.

The amount they receive will depend on their home’s annual value as of 31 Dec 2019.

Singaporeans who own more than 1 property, however, will not be eligible for the GST vouchers.

The GST vouchers are expected to cost around $410 million and will be credited into eligible Singaporeans’ bank accounts from 1 Aug.

Singaporeans who have not provided their bank account numbers can do so via the GST Voucher website here by 22 Jul. Those who do so will also receive their vouchers on 1 Aug.

 

Others who fail to do so will instead receive physical cheques sent to their official addresses.

MediSave top-up for elders 65 & above

In addition to GST vouchers, senior Singaporeans aged 65 and above will also get Medisave top-ups between $150 and $450.

The amount of top-up they get will depend on their age and the annual value of their homes.

The MediSave top-ups will amount to $160 million.

Glad GST payout still on despite Covid-19 outbreak

We’re glad that the Singapore government is continuing with the GST payout programme despite being in the midst of Covid-19 outbreak.

$300 cash payouts might not be much for many households, but for those who’ve lost their jobs or livelihoods, it’s a significant weight off their shoulders knowing they won’t have to dig into their savings for the next few meals.

You can check on your eligibility on the GST Voucher website here.

Featured image adapted from Gov.sg.

The Must Share News Team

Teamwork makes the dream work.

Recent Posts

12-year-old boy in M’sia takes care of bedridden mother, changes her diapers & feeds her

The boy is an only child to the single mum.

16 Nov 2024, 11:39 am

Loose tyre flies off truck on Taiwan highway & crushes passing car, kills driver

Authorities had to use equipment to pry the vehicle open to free the man.

16 Nov 2024, 10:54 am

S’pore High Commission officer accused of child neglect in London, given a warning

The authorities have investigated and closed the incident with no follow-ups required, MFA said.

16 Nov 2024, 4:14 am

‘Fate extinguished his dream’: Motorcyclist killed in container truck accident in M’sia worked in S’pore

He crossed the border daily in hopes of buying a house for his family.

16 Nov 2024, 2:39 am

Wet weather to continue for rest of Nov, temperature could drop to 23°C on some days

On a few days, the thundery showers might extend into the night.

16 Nov 2024, 1:14 am

Priest discharged from hospital 6 days after Bukit Timah church stabbing, expresses gratitude for support

His church has urged parishioners to refrain from visiting him as he heals.

16 Nov 2024, 12:27 am