This article provides details about Singapore’s Goods and Services Tax (GST) Voucher scheme for July 2024. Here are the key points:
1. The GST Voucher consists of three components:
– Cash: Up to SGD 400 for daily expenses
– MediSave: Up to SGD 450 for healthcare costs (for those 65 and above)
– U-Save: Between SGD 95 and SGD 380 for utility bills (for HDB households)
2. Eligibility criteria:
– Cash: Income up to SGD 34,000, own no more than one property, at least 21 years old
– MediSave: At least 65 years old, home value not exceeding SGD 21,000
– U-Save: All HDB households are eligible, with amounts varying by flat type
3. Claiming process:
– Eligible recipients will receive a letter by end of June 2024
– Cash is deposited directly into linked bank accounts
– MediSave is credited to CPF MediSave accounts
– U-Save is credited to SP Group utility accounts
4. The scheme aims to help lower and middle-income Singaporeans manage living costs and offset the impact of GST.
5. Recipients can update information or get help through the official GST Voucher website or government service centers.
6. The government plans to distribute the funds on July 1, 2024, demonstrating its commitment to supporting citizens and maintaining social cohesion.
Source: aajkalalert.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
