Top-ups, rebates for 1.6m S'poreans

Some 1.6 million Singaporeans will receive letters in the first week of this month informing them of the various Budget 2014 benefits they are eligible for, the Ministry of Finance (MOF) said yesterday.

These include the 2014 GST Voucher (GSTV), the 2014 GSTV Special Payments, the five-Year Medisave top-up and Service and Conservancy Charges rebates.

MOF said about 1.3 million Singaporeans will receive the GSTV cash on Aug 1.

In addition, within this group, about 660,000 Singaporeans aged 55 and above will receive the GSTV-Cash: Seniors' Bonus. The GSTV cash and GSTV-Cash: Seniors' Bonus will cost the Government $505 million.

About 380,000 Singaporeans aged 65 and above will also receive the GSTV-Medisave top-up on Aug 1.

This will cost the Government $115 million.

SPECIAL PAYMENT

The regular GSTV-U-Save, which is given out quarterly, will also see a special payment that will be disbursed this month and in January 2015.

The GSTV-U-Save and Special Payment will offset utilities directly and cost $290 million in total.

This month, 800,000 households will receive $90 to $195 each in rebates, depending on their flat type.

Singaporeans born on or before Dec 31, 1959 (aged 55 and above in 2014), and who do not enjoy Pioneer Generation benefits will receive Medisave top-ups of $100 or $200 annually over the next five years.

About 530,000 Singaporeans will benefit from it.

This article was first published on July 01, 2014.
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