Reminder for eligible Singaporeans to sign up for GST Voucher benefits by Dec 31

Singaporeans queueing at the UOB branch in Ang Mo Kio to encash their GST Voucher cheques on July 31, 2012.
Singaporeans queueing at the UOB branch in Ang Mo Kio to encash their GST Voucher cheques on July 31, 2012. PHOTO: ST FILE

SINGAPORE - The Ministry of Finance (MOF) has reminded Singaporeans eligible for the GST Voucher benefits and five-year Medisave top-up to sign up for the scheme if they have not already done so.

They will have until Dec 31 this year to sign up - either on the GST Voucher website or by completing the form enclosed in their reminder letters, which will be sent out by mid-November.

Introduced in 2012 to help lower and middle-income families with their living expenses, the GST Voucher scheme has three components - cash (including a Seniors' Bonus this year), Medisave and Utilities-Save (U-Save).

About 1.6 million Singaporeans were informed of their 2015 benefits starting in July. In October, more than 800,000 Housing Board households received their quarterly U-Save rebates ranging from $50-$65.

Eligible Singaporeans who had previously received their GST Voucher payouts need not sign up again, while the U-Save is granted to eligible households automatically.

As of last month, MOF revealed that the Government had handed out $694 million in GST cash vouchers, $117 million in GST Medisave and $90 million in U-Save rebates. It also disbursed $93 million in five-year Medisave top-ups.

More information on the scheme can be found at www.gstvoucher.gov.sg.

The eligibility criteria for the different components can be found below.