1.4 M will be funded to obtain up to $ 500 in GST cash vouchers from June 2021


In the 2021 budget, the Government announced that the GST coupon (GSTV): cash recipients will receive a single GSTV: special cash payment of S $ 200 in addition to the normal cash payment.

In addition, all eligible HDB households will receive an additional 50% discount on regular GSTV – U-Save this year, through a special GSTV – U-Save special payment.

These are part of the 2021 budget home support package, which provides additional support to families during this period of uncertainty, with low- and middle-income families receiving more.

GST voucher: special cash payment

Low-income Singaporeans who meet the requirements to obtain the GSTV: Cash (paid each August) will receive an additional special cash payment of S $ 200 from 23 June.

Image credit: Ministry of Finance

In total, Singaporeans with lower incomes can receive up to S $ 500 in GSTV – cash and special cash payment this year to help them with their daily living expenses. This will benefit about 1.4 million Singaporeans and of these eligible citizens, nine out of ten will receive their payments automatically.

The GSTV: cash of up to 300 S $ will be paid directly to the bank accounts of citizens from July 30.

Those who do not have a bank account linked to PayNow-NRIC but have provided their bank account number to the Government previously, will receive their payments by bank transfer on June 30th. The rest will receive checks sent to their official address from July 15.

In addition, around 575,000 Singaporeans aged 65 and over in 2021 will also receive a top-up of their CPF MediSave accounts of up to $ 450 each starting July 30th.

For more information on the GST coupon and to check your eligibility, you can visit www.gstvoucher.gov.sg.

Featured Image Credit: Bernama

Source link