One Surin

Around 1.37 million Singapore nationals will be a recipient to one GST Voucher which has an amount of $200 for this month, The Ministry of Finance or MOF revealed on November 1, Wednesday.

A cash special payment via GST Voucher, which was disseminated during 2017 budgeting. This program will help those households who have less income but with expenses.

Around $280 million is ready to be released for the payout of the government and this is on top to the so-called, regular GST Voucher disposed of August which amounted to $300.

No requirement is needed for those legitimate recipients who already got a record for GST’s Voucher if not those previous government payout program will do.

GST Voucher – Cash Special Payment in November 2017

GSTV

Regular – Cash

Assessable Income for YA 2016 $28, 000
21 year old or above

Yearly value of home, up to $300
$300

Yearly value of home, $13, 001 to $21, 000
$150

One -off-Cash Special Payment

Assessable Income for YA 2016 $28, 000

21 years or above

Yearly value of home, up to $300

$200

Yearly value of home, $13, 001 to $21, 000

$100

NOTE: Payout month
Regular GSTV -August 2017 -Cash
For One-off GSTV- November 2017- Cash Special Payment

SUM TOTAL MEDISAVE TOP-UPS

Age in 2017 –Sum of Medisave Top-UP

58 – 64 years – Up to $200
65 -72 years -Up to $450
73- 74 years – Up to $650
75 -77 years – Up to $750
78 – 82 years – Up to $950
83 -84 years – Up to $1,150
85 years and Up – Up to $1, 250

NOTE: Inclusions – Pioneer Generation Medisave, Medisave, Top- Up or 5 years Medisave and Non- Pioneers Top Up

GSTV -U -SAVE

Flat type –   To be distributed in Jan 2018 –    To be distributed in April 2018 –    Total rebate yearly

1 – 2 room          $95                                      $95                                         $380

3 rooms –           $ 85                                     $85                                         $340

4 rooms –           $75                                      $75                                            $300

5 rooms –             $65                                   $65                                              $260

Executive Multi-generation –  $55               $55                                               $220

NOTE: Those household whose members acquires two or more properties are not qualified to avail GSTV-U-Save

The Ministry of Finance advised the Singaporean Legitimate for GST Voucher -Cash -Medisave and five-year Medisave top-up that haven’t sign yet for the grant to comply and sign up on or before December 31.

The Ministry of Finance will notify each qualified member through SMS of a letter by month of July, stating the benefits.

By November, the Ministry of Finance will send a second round of reminders, SME’s or letters.

For details on the GST Voucher program, check www.gstvoucher.gov.sg

 

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