1.54m Singaporeans to get GST Vouchers and other Budget Benefits

About 1.54 mil­lion Singa­por­eans will receive let­ters from Min­istry of Fin­ance inform­ing them of their eli­gib­il­ity for GST vouch­ers and other budget bene­fits by 1 July 2016.

For indi­vidual Singa­por­ean aged 21 and above whose assess­able income for Year of Assess­ment 2015 is less than $26,000 and who does not own more than one prop­erty, you will get $500 on 1 August 2016 if the annual value if home is $13,000 and below; or $250 if the annual value of home is from $13,001 to $21,000.

For Pion­eer Singa­por­ean, they will also get up to $800 top-up per year to their medis­ave based on the cri­teria below.

Pion­eer Gen­er­a­tion Medis­ave Top-up
Born in Age in 2016 Amount of Medis­ave top-up per year
1945 — 1949 67 — 71 $200
1940 — 1944 72 — 76 $400
1935 – 1939 77 — 81 $600
1934 or earlier >= 82 $800

 

For Non-Pioneers, they will also get up to $200 top-up per year to their medis­ave till 2018 based on the cri­teria below.

5-Year Medis­ave Top-up (2014 – 2018)
Annual Value of Home as at 21 Dec 2015 Up to $13,000 Above $13,000 or owns more than property
Singa­pore Cit­izens born in 1959 and earlier who are not Pioneers $200/year $100/year
One-off addi­tional medis­ave top-up for those age 65 and above in 2016 and who does not own more than one property. For those age 65 to 74, to get addi­tional $250.

 

For those age 75 to 84, to get addi­tional $350.

 

For those age 85 and above, to get addi­tional $450.

 

For those age 65 to 74, to get addi­tional $150.

 

For those age 75 to 84, to get addi­tional $250.

 

For those age 85 and above, to get addi­tional $350.

 

 

For house­holds stay­ing in HDB flats, gov­ern­ment will give up to $260 deduc­tion in util­it­ies bills in equal instal­ments over 4 months in July 2016, Octo­ber 2016, Janu­ary 2017 and April 2017. Each house­hold will also get up to 3 months of S&CC rebate.

 

House­hold bene­fits for 2016
Flat Type 1 And 2-Room 3-Room 4-Room 5-Room Executive/Mulit-Generation
GSTV – U-Save $260 $240 $220 $200 $180
S&CC rebate (months) 3 2 2 1.5 1

Ref­er­ence : https://www.gstvoucher.gov.sg