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SINGAPORE – A total of 1.4 million Singaporeans will receive up to three of the Bicentennial Bonus benefits this November.
These are the Goods and Services Tax Voucher (GSTV) – Cash (Bicentennial Payment), Central Provident Fund (CPF) Top-up, and Workfare Bicentennial Bonus, said the Finance Ministry in a statement on Thursday (Oct 24).
During Budget 2019, the Government had announced a $1.1 billion Bicentennial Bonus to commemorate Singapore’s Bicentennial and to support individuals who need more help.
SMS notifications for GSTV – Cash (Bicentennial Payment) and Workfare Bicentennial Bonus will go out by the end of this month.
The letters for the Workfare Bicentennial Bonus and CPF Top-Up will be issued in November.
Eligible Singaporeans will receive their Workfare Bicentennial Bonus this month, and the CPF Top-Up and GSTV in November.
AMOUNT OF BONUSES
Those aged 21 and above, who earned an income of up to $28,000 in 2017, are eligible for the GSTV.
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