You are here

1.7m Singaporeans to benefit from S$1 billion in GST vouchers, Medisave top-ups

[SINGAPORE] About 1.7 million Singaporeans will benefit from S$1 billion in GST vouchers and Medisave top-ups in the coming months.

In a statement on Wednesday, the Ministry of Finance said eligible Singaporeans will receive text messages or letters to inform them of their benefits by July 5.

They will receive the benefits between July and November.

Those belonging to the Pioneer Generation and Merdeka Generation will receive their benefits in July, while about 1.4 million Singaporeans will receive GST vouchers, in cash, of up to S$300 each in August.

sentifi.com

Market voices on:

About 520,000 Singaporeans aged 65 and above in 2019 will receive up to S$450 each in GST vouchers, for their Medisave accounts, in August as well.

Those born on or before Dec 31, 1969 - or those aged 50 and above this year - and who do not receive benefits for the Pioneer or Merdeka Generations - will each get an annual S$100 top-up to their Medisave from 2019 to 2023, credited into their Medisave accounts in August this year.

From November, 1.4 million people will also get an additional cash payment of up to S$300 each as a Bicentennial Payment GST voucher, under the Bicentennial Bonus package announced in this year's Budget.

THE STRAITS TIMES