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.
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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.
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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