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This year, 1.4 million Singaporeans will be receiving their GSTV – Cash Special Payment and GSTV – Cash and MediSave from June and July respectively.

Of these 1.4million, nine in 10 eligible citizens will also receive their GSTV payouts automatically.

Details on the payouts

A Ministry of Finance press release stated that the GSTV – Cash Special Payment and GSTV – U-Save Special Payment are part of the S$900 million Household Support Package announced at Budget 2021, to provide additional support to families during this period of uncertainty. Lower- to middle-income families will receive more.

More details here:

GST Voucher cash payment

The GSTV – Cash Special Payment of S$200 will be credited directly into citizens’ bank accounts from June 23.

Those who do not have a PayNow-NRIC-linked bank account but have provided their bank account number to the Government previously, will receive their payouts via bank transfer on June 30.

The rest will receive cheques sent to their address registered on their NRICs, from July 15.

From July to August, cash of up to S$300 will be credited directly into citizens’ bank accounts from 30 July (Fri).

U-Save

Households living in 1- and 2-room HDB flats typically receive GST Voucher (GSTV) – U-Save rebates amounting to an average of about three to four months of their utility bills. Households living in 3- and 4-room HDB flats typically receive benefits amounting to one to two months of their utility bills.

About 950,000 Singaporean households living in HDB flats will be receiving their quarterly GSTV – U-Save rebates, as well as the GSTV – U-Save Special Payment this July.

They will receive an additional 50 percent of their regular GSTV – U-Save in FY2021, through a one-off GSTV – U-Save Special Payment in April and July 2021. The total amount of rebates to be received in FY2021 ranges from S$355 to S$595, depending on the HDB flat type.

MediSave

Additionally, about 575,000 Singaporeans aged 65 and above in 2021 will also receive a top-up to their CPF MediSave Accounts of up to S$450 each from July 30.

You can get more info here.

Top photo via Getty Images, Wikipedia.