1.7 million Singaporeans to get GST, Medisave benefits

The Ministry of Finance said that eligible Singaporeans will receive text messages or letters informing them of their benefits by July 5, 2019.
The Ministry of Finance said that eligible Singaporeans will receive text messages or letters informing them of their benefits by July 5, 2019.ST PHOTO: JASMINE CHOONG

About 1.7 million Singaporeans will benefit from $1 billion in goods and services tax (GST) vouchers and Medisave top-ups in the coming months.

In a statement yesterday, 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 next month and November.

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

About 520,000 Singaporeans aged 65 and above this year will receive up to $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 $100 top-up to their Medisave accounts from this year to 2023.

This will be credited into their Medisave accounts in August, and is part of the five-year Medisave top-up scheme announced at this year's Budget.

 

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

The package includes top-ups to Edusave or post-secondary education accounts of Singaporeans aged seven to 20 that will be made by the end of this month, and a personal income tax rebate.

It also includes a Workfare cash bonus for lower-wage workers who received Workfare Income Supplement payouts for the 2018 work year, and a Central Provident Fund top-up for lower-income Singaporeans with low balances, both to be paid to citizens by the end of this year.

Singaporeans can check their GST voucher benefits online at www.gstvoucher.gov.sg through SingPass.

A version of this article appeared in the print edition of The Straits Times on June 27, 2019, with the headline '1.7 million S'poreans to get GST, Medisave benefits'. Print Edition | Subscribe