1.54 million Singaporeans will receive letters on the 2016 GST Voucher and other Budget benefits in July. There will be 2 cash payments, an additional cash payment of up to $200 to provide assistance with living expenses, on top of the regular GST Voucher.
This means that eligible recipients will receive up to $500 in 2016. The regular payment will be made in August 2016 and special payment will be made in November 2016.
How do I know if I qualify for the 2016 GST Voucher and when will the Government notify me?
Depending on the Annual Value of your home, Assessable Income and your age, you may be eligible to receive a GST Voucher. Check the tables below for the criteria.
To check your 2016 GST Voucher eligibility, you may log in to My 2016 GST Voucher from 20 June 2016. Letters will also be sent out in July each year to eligible Singaporeans.
How and when can I receive my 2016 GST Voucher?
GST Voucher – Cash and/or Medisave
If you are eligible and have signed up by 14 July 2016, you will receive your GST Voucher – Cash and/or Medisave on 1 August 2016.
The GST Voucher – Cash will be credited to your bank account that was used for the last cash payout from the Government (e.g. Workfare Income Supplement or Growth Dividend) or issued to you as a cheque*. If your bank account is closed, a cheque will be mailed to you.
*Payment by cheque takes up to 11 working days longer than direct crediting to a bank account. If you maintain a local bank account with DBS/POSB, OCBC or UOB, we strongly encourage you to provide your bank account details for crediting.
The GST Voucher – Medisave will be credited to your CPF Medisave Account.
GST Voucher – U-Save
If your household qualifies, you will receive your GST Voucher – U-Save over 4 payments each year. For FY 2016, the U-Save rebates will be paid out in July 2016, October 2016, January 2017 and April 2017. The GST Voucher – U-Save will be used to offset your household’s utilities bills.
For more details, check here: https://www.gstvoucher.gov.sg/Pages/index.aspx
Remember to register for SingPass 2FA before 5 July to use any Singpass services online!