1.54 million Singaporeans to get $890 million of GST vouchers and Medisave top-ups
PUBLISHED ONJune 20, 2016 4:52 AM
SINGAPORE - 1.54 million Singaporeans will receive GST Vouchers (GSTV), Medisave top-ups among other benefits as part of the Budget announced by the Ministry of Finance (MOF) today (June 20).
About 1.3 million Singaporeans will receive up to $300 of GSTV in cash, while an additional $200 will be given to households as a one-off GSTV cash payment - a total of $500, which will disbursed in two payments in August and November this year.
425,000 Singaporeans aged 65 and above will also receive a GSTV payment of up to $450 in their Medisave accounts. Additionally, Singaporeans born on or before December 31, 1959, who do not receive Pioneer Generation (PG) benefits, will receive a Medisave top-up of up to $200 each year till 2018.
The Pioneer Generation (PG) will also receive their Medisave top-ups of $200 to $800 this year.
Eligible Singaporeans will receive a letter informing them of their benefits by July 1. Citizens are encouraged to sign for SMS notifications at the GSTV website.
For more information, visit the Singapore Budget website.
prabukm@sph.com.sg