Singaporeans, look out for your upcoming 2017 GST Vouchers (GSTV) and Medisave top-ups.
A total of 1.57 million eligible citizens will receive notifications on their 2017 GSTV – Cash and Medisave top-ups where they can view their benefits online by logging in with SingPass at www.gstvoucher.gov.sg, said a statement by the Ministry of Finance today (Jun 27).
Younger recipients with mobile numbers updated with SingPass will be notified via mobile SMS notifications, and other recipients will receive letter notifications.
The vouchers and top-ups will cost the Government $1.2 billion.
About 1.37 million eligible Singaporeans will receive up to $500 in GSTV – Cash in 2017, comprising a payment of up to $300 in August 2017 and a one-off Special Payment in November 2017.
Eligible citizens are encouraged to log in and update their payment mode to direct bank crediting at www.gstvoucher.gov.sg if they have not already done so, as cheque payments will take two weeks longer to process.
About 450,000 Singaporeans aged 65 years and above will receive the GSTV – Medisave top-ups of up to $450 in August 2017.
In addition, Singaporeans who are born on or before Dec 31, 1959 (58 years and above in 2017) and do not receive Pioneer Generation (PG) benefits will receive a Medisave top-up of up to $200 in 2017 and 2018.
It will be credited into eligible citizens’ Medisave accounts in August 2017.
In total, a non-Pioneer aged 65 in 2017 and who is living in an HDB flat (and does not own a second property) can receive $450 of Medisave top-ups this year.
Pioneers will also receive their PG Medisave top-ups of $200 to $800 in July 2017.
Taking both the PG Medisave and GSTV – Medisave together, a Pioneer aged 70 in 2017 who is living in an HDB flat (and does not own a second property) will receive $450 of Medisave top-ups, while a Pioneer aged 85 in 2017 who is living in an HDB flat (and does not own a second property) will receive $1,250 of Medisave top-ups.
The GSTV – U-Save is given every three months to help offset utilities bills directly.
As announced at Budget 2017, there will be a permanent increase of between $40 to $120 to the annual U-Save rebate from July 2017.
Following the increase, the GSTV – U-Save will cost about $265 million, and benefit about 880,000 eligible Singaporean HDB households.
The one-off Service & Conservancy Charges (S&CC) rebate was announced at Budget 2017 to provide additional support to households.
Around 880,000 eligible Singaporean HDB households will receive 1.5 to 3.5 months of S&CC rebate in FY2017, depending on their HDB flat type.