The Singapore Government provides GST Voucher 2024 to help low and fixed Income people. This voucher program was started in 2012 when the Singapore Government notified the Budget in 2012. The Government of Singapore charges GST on every basic item and then they provide the GST voucher scheme for the low income people on a permanent basis. In GST Vouchers the four elements are included. These elements are Cash, Medisave, U-save and service and conservancy charges. Each GST Voucher Payout Date 2024 component has a different payment date, amount and the eligibility. Let’s check the Singapore GST Voucher Eligibility 2024, payout and amount for the year 2024.
GST Voucher Payout Date 2024
GST Voucher scheme is more effective as GST collects from each household whether rich or poor. GST Cash Voucher provides the immediate or emergency cash to the low and fixed income people. This cash assistance is provided in the month of August each year. The citizens who are 65 years or more are provided with the Medisave and GST Voucher Payout Date 2024 is also made in the month of august. If we talk about the U-save and S&CC GST Voucher, it provides rebates to qualified Housing and Development households for the payment of utility Bills and payment for service and conservancy charges respectively. These payments are made quarterly which means January, April, July, and October.
SIngapore GST Voucher Payment 2024- Overview
| Title | GST Voucher Payout Date 2024 |
| Year | 2024 |
| Country | Singapore |
| Name of the Scheme | GST Voucher |
| Component of Scheme | CashMedisaveU-saveS&CC Rebate |
| Payment for Cash GST Voucher | In Month of August |
| Payment for Medisave | In Month of August |
| Payment for U-save | January, April, July, October. |
| Payment for S&CC Rebate | January, April, July, October. |
| Category | Financial Aid |
| Official Webpage | www.govbenefits.gov.sg |
GST Voucher Payout Date 2024
Each component has different GST Voucher Payout Date 2024. These dates are as follows:
Cash and Medisave :
- For the cash and Medisave payment, if the candidate is eligible and already signed up the last Payout then the payment will be received in the month of August.
- Particular date for the Cash and Medisave is not notified but the month for the payment is confirmed as per the official records.
- If the candidate is eligible and has not signed up the last payout then the candidate needs to be logged in to e-services to sign up and 30 April 2024 is the due date for sign up for the GST voucher 2023.
- The payment will be received via Paynow-NRIC linked Bank Account. The participating Banks for the payments are Bank of China, Citibank, Maybank, Standard Chartered Bank.
- If the National Registered Identity Card is not linked with the participating bank then the payment will be made to the last bank account you provided to the Government.
- If you have no Bank account linked with the government then the payment will be directly paid to you via GovCash.
U-Save:
The payment will be received in January, April, July, and October. It is automatically paid in the household’s utility account. These accounts are managed by SP services limited and there is no need for any action required by the eligible candidates.
S&CC Rebate:
The payment will be received in January, April, July, and October for the citizens who live in Housing and Development households.
Singapore GST Voucher Eligibility 2024
Each component of GST Voucher has different Qualification criteria. Let’s see who will qualify?
| Component of GSTV | Singapore GST Voucher Eligibility 2024 |
| Cash GSTV | It’s important for the applicant to have citizenship of Singapore.The applicant must be of age 21 or more.The assessable Income should be up to $34000 for the Assessment Year 2023.As on 31st December 2023, $21000 and $25000 is the limit for the Annual value of home.The property must not be greater than 1. |
| Medisave GSTV | It’s important for the applicant to have citizenship of Singapore.As on 31st December 2023, $21000 and $25000 is the limit for the Annual value of home.The property must not be greater than 1.The applicant must be of age 65 years or more. |
| U-Save | If part of an HDB flat is rented out or unoccupied, there needs to be at least one Singaporean owner or resident present or when leasing a whole flat, there needs to be a minimum of one tenant who is a Singapore citizen.All owners and essential occupants of a partially rented or unrented flat must not have interest or ownership in more than 1 property or If the entire HDB flat is leased, each tenant is not allowed to own or be interested in greater than 1 property. |
| S&CC Rebate | In the flat there should be a flat owner or occupier who is a citizen of Singapore.The individuals who own the flat and live there do not possess or have a stake in private property. |
GST Voucher Amount 2024
Each component of GST Voucher has different amounts. Let’s see the amount for GSTV 2024.
Cash GSTV Amount 2024
| Yearly Value of home | Cash GSTV Amount 2024 |
| Up to $21000 | $850 |
| Up to $25000 | $450 |
Medisave GSTV Amount 2024
| Age in year 2024 | Yearly Value of home up to $21000 | Yearly Value of home up to $25000 |
| 65-74 years | $250 | $150 |
| 75-84 years | $350 | $250 |
| 85 years and above | $450 | $350 |
U-Save GSTV Amount 2024
| Month and Type of HDB Flat | With 1 and 2 Room | With 3 Room | With 4 Room | With 5 Room | More than 5 |
| April 2024 U-Save GSTV | $95 | $85 | $75 | $65 | $55 |
| April 2024B2024 COL-U-Save | $95 | $85 | $75 | $65 | $55 |
| July 2024 U-Save GSTV | $95 | $85 | $75 | $65 | $55 |
| July 2024 AP U-Save | $95 | $85 | $75 | $65 | $55 |
| July 2024 B2024 COL-U-Save | $95 | $85 | $75 | $65 | $55 |
| October 2024 U-Save GSTV | $95 | $85 | $75 | $65 | $55 |
| October 2024 B2024 COL-U-Save | $95 | $85 | $75 | $65 | $55 |
| January 2025U-Save GSTV | $95 | $85 | $75 | $65 | $55 |
| January 2025AP U-Save | $95 | $85 | $75 | $65 | $55 |
| January 2025B2024 COL-U-Save | $95 | $85 | $75 | $65 | $55 |
| Total | $950 | $850 | $750 | $650 | $550 |
Giorgio Smith, a Texan native, is a seasoned senior editor at tnpscexams.net. He has done Master of Business Administration in Finance. he boasts over 9 years of experience in finance. Giorgio expertise is in finance, insurance, and money-related content.