1.54m S'poreans to get $890m of GST vouchers, Medisave top-ups
SOME 1.54 million eligible Singaporeans will receive letters informing them of their 2016 GST Voucher (GSTV), Medi-save top-ups and other Budget benefits by July 1.
The GSTV and Medisave top-ups are worth about $890 million, the Ministry of Finance (MOF) announced in a press release yesterday.
An estimated 1.3 million Singaporeans will receive up to $300 - in cash - in GSTV.
In the 2016 Budget, the Government also announced a GSTV cash special payment of up to $200 to support households amid the current economic conditions.
This means that eligible GSTV recipients can get up to $500 in cash this year, which will be disbursed in two payments in August and November.
Meanwhile, about 425,000 Singaporeans aged 65 years and above will receive Medi-save top-ups of up to $450 in August.
Pioneers will also receive their Pioneer Generation (PG) Medisave top-ups of between $200 and $800 next month.
In addition, Singaporeans born on or before Dec 31, 1959 (57 years and above), who do not receive PG benefits, will get a top-up of up to $200 each year till 2018.
The top-up this year will be made in August.
MOF is encouraging Singaporeans to sign up for SMS notifications at www.gstvoucher.gov.sg, instead of waiting for their notification letters.
All GSTV recipients aged 21 to 35 will receive a letter asking them to log on to the same website with their SingPass to view their benefits and sign up for SMS notifications.