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1.4 million Singaporeans, 950,000 HDB Households to receive SGD 1.3 billion in GST Vouchers in 2021

Photo courtesy: Facebook/Ministry of Finance (Singapore)
Photo courtesy: Facebook/Ministry of Finance (Singapore)

The Singapore Ministry of Finance on Tuesday announced that in 2021, 1.4 million Singaporeans will receive their GSTV – Cash Special Payment and GSTV – Cash and MediSave from June and July respectively. 

Additionally, about 950,000 Singaporean households living in HDB flats will get their quarterly GSTV – U-Save rebates, as well as the GSTV – U-Save Special Payment this July.

The GSTV – Cash Special Payment and GSTV – U-Save Special Payment are part of the SGD 900 million Household Support Package announced at Budget 2021, to provide additional support to families during this period of uncertainty, with lower- to middle-income families receiving more. 

GST Voucher – Cash Special Payment

The GSTV – Cash Special Payment of SGD 200 will be credited directly into citizens’ bank accounts from June 23.

“Those who have linked their NRIC to PayNow by 15 June (Tue) will receive their GSTV – Cash payouts on 23 June (Wed). Those who do not have a PayNow-NRIC-linked bank account but have provided their bank account number to the Government previously, will receive their payouts via bank transfer on 30 June (Wed),” said the statement.  

In total, the GSTV – Cash Special Payment will amount to about SGD 280 million.

GSTV – U-Save and U-Save Special Payment

About 950,000 Singaporean HDB households will receive an additional 50% of their regular GSTV – U-Save in FY2021, through a one-off GSTV – U-Save Special Payment in April and July 2021. The total amount of rebates to be received in FY2021 ranges from SGD 355 to SGD 595, depending on the HDB flat type.

In total, the GSTV – U-Save and U-Save Special Payment rebates will amount to about SGD 460 million. 

GST Voucher – Cash

The GSTV – Cash of up to SGD 300 will be credited directly into citizens’ bank accounts from July 30.

“Those who have linked their NRIC to PayNow by 20 July (Tue) will receive their GSTV – Cash payouts on 30 July (Fri). Those who do not have a PayNow-NRIC-linked bank account but have provided their bank account number to the Government previously, will receive their payouts via bank transfer on 5 August (Thu). The rest will receive cheques sent to their address registered on their NRICs, from 18 August (Wed),” said the statement. 

In total, the GSTV – Cash payouts will amount to about SGD 405 million.

GST Voucher – MediSave

About 575,000 Singaporeans aged 65 and above in 2021 will receive a top-up to their CPF MediSave Accounts of up to SGD 450 each from July 30.

In total, the top-ups will amount to about SGD 170 million.

Other Benefits

Other government payouts which Singaporeans can receive in 2021 include:

For Individuals

  • 5-Year MediSave Top-up scheme: Singaporeans who were born on or before 31 December 1969 (aged 52 and above in 2021) and do not receive Pioneer Generation or Merdeka Generation benefits will each receive a MediSave top-up of SGD 100 credited into their MediSave Accounts in end August 2021. This is the 5-Year MediSave Top-up scheme that was announced in Budget 2019. Eligible citizens will receive the MediSave top-up annually from 2019 to 2023.
  • Grocery Vouchers: All Singaporeans aged 21 and above, who live in 1-room or 2-room HDB flats and do not own more than one property, will receive Grocery Vouchers worth SGD 100 in Oct 2021. This is part of the Care and Support Package that was announced at Budget 2020.
  • Top-ups to Child Development Account (CDA), Edusave Account and Post-Secondary Education Account (PSEA): Each Singaporean child aged below 21 in 2021 will receive an additional one-off top-up of SGD 200 through CDA, Edusave Account or PSEA in May 2021 (Edusave Account or PSEA) or September 2021 (CDA).

For Households

  • Service and Conservancy Charges (S&CC) Rebate: Around 950,000 Singaporean HDB households will receive 1.5 to 3.5 months of S&CC Rebate in FY2021, depending on their HDB flat type.
  • Community Development Council (CDC) Vouchers: All Singapore households will receive SGD 100 in CDC Vouchers, for use at participating heartland shops and hawker centres. 
Author
CtoI News Desk
CtoI News Desk – CtoI

Singapore-headquartered online media company targeting Indians Diaspora across Singapore, US, UK and UAE. Connected to India covers developments around NRIs. Cover arts, political, sports, finance, entrepreneurship, business, movies, dramas, entertainment and other stories for and about Indians living abroad.

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