Eligible Singaporean will start to receive GST Voucher in June 2021
S$1.3 billion worth of GST voucher payments will be disbursed from June, benefiting about 1.4 million Singaporeans and 950,000 households. The vouchers combine regular payments as well as one-off payments that are part of the S$900 million Household Support Package introduced to help families during this period of uncertainty amid COVID-19. In addition, some 950,000 Singaporean households in Housing Board flats will receive their quarterly GST Voucher – U-Save rebates and special payment in July.
The GST Voucher scheme was introduced in 2012 to help lower- and middle-income Singaporeans offset some of their GST expenses. The annual scheme comprises three components: cash, MediSave and U-Save.
About 575,000 Singaporeans aged 65 and above this year will receive a top-up to their CPF MediSave accounts of up to $450 each from July 30, said MOF. In total, the top-ups will amount to about $170 million.
Who is eligible to get GST Voucher?
To receive the GST Voucher – Cash in 2021, you must fulfil the following criteria:
- You must be a Singapore citizen, residing in Singapore*;
- You must be aged 21 or above in 2021;
- Your Income Earned in 2019 as assessed by IRAS (Assessable Income (AI) for the Year of Assessment (YA) 2020) must not exceed $28,000;
- The Annual Value (AV) of your home (as indicated on your NRIC) as at 31 December 2020 must not exceed $21,000; and
- You must not own more than one property
* Dual citizenship is not allowed under Singapore law. Those who hold foreign citizenship will not be eligible for the GST Voucher scheme, regardless of whether they simultaneously hold Singapore citizenship.
Income Earned in 2019: $28,000 and below (Assessable Income for YA2020) | Annual Value of Home as at 31 Dec 2020 | |
---|---|---|
Up to $13,000 | $13,001 to $21,000 | |
GST Voucher – Cash Special Payment [To be paid from June 2021] | $200 | |
GST Voucher – Cash (regular payment) [To be paid from July 2021] | $300 | $150 |
Total in FY2021 | $500 | $350 |
How to sign up to get gst voucher?
If you have signed up for a previous Government payout (e.g. the 2020 GST Voucher), you do not need to sign up again. You will automatically receive your GST Voucher – Cash if you are eligible. No action is required on your part.
If you have not signed up previously, you may Sign Up online. You may also use the link to check if you have signed up previously.
Sign-up for the 2021 GST Voucher begins on 1 June 2021. The deadline to sign up is 30 April 2022.
When can get the gst voucher?
If you are eligible and have signed up for a previous Government payout (e.g. the 2020 GST Voucher), you will receive your GST Voucher – Cash Special Payment between June and July 2021 and GST Voucher – Cash between July and August 2021, depending on your payment mode. The payment dates can be found in the table below.
Payment Mode | Payment Date | |
---|---|---|
GST Voucher – Cash Special Payment | GST Voucher – Cash | |
To be credited to your PayNow-NRIC-linked bank account | By 23 June 2021 | By 30 July 2021 |
To be credited to your bank account | By 30 June 2021 | By 5 August 2021 |
Cheque | From 15 July 2021 | From 18 August 2021 |