{"id":117506,"date":"2020-07-02T11:47:33","date_gmt":"2020-07-02T04:47:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/1-4-million-singaporeans-to-get-570mil-in-gst-vouchers-next-month\/"},"modified":"2020-07-02T12:03:40","modified_gmt":"2020-07-02T05:03:40","slug":"1-4-million-singaporeans-to-get-570mil-in-gst-vouchers-next-month","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/1-4-million-singaporeans-to-get-570mil-in-gst-vouchers-next-month\/","title":{"rendered":"1.4 million Singaporeans to get $570mil in GST Vouchers next month"},"content":{"rendered":"


\nEligible Singaporeans will receive up to $300 in GST voucher, which will be directly credited into their bank accounts from 1 August.
\nThe Ministry of Finance (MOF) on Wednesday (1 July) announced that up to 1.4 Singaporeans will benefit from $570 million in goods and services tax (GST) vouchers next month.
\nEligible Singaporeans will receive up to $300 in GST voucher, which will be directly credited into their bank accounts from 1 August.
\nThose who have not provided their bank account details can do so at the GST voucher website by 22 July for them to receive the payouts by bank transfer on 1 August. The rest will receive cheques that will be sent to their official address by 17 August.
\nMOF noted that a small number of citizens qualify for the GST vouchers, but have not signed up for government payouts in the past.
\n\u201cThey will be invited via SMS or letter to sign up at www.gstvoucher.gov.sg, before the deadline of 31 May 2021,\u201d said the ministry.
\nOverall, the cash payout will amount to around $410 million.
\nMeanwhile, around 545,000 Singaporeans aged 65 and above will also receive up to $450 in GST voucher \u2013 MediSave top ups from 1 August.
\nThe overall top-ups will amount to around $160 million.
\nMOF explained that eligible Singaporeans who have registered their mobile numbers with SingPass will get SMS notifications from 1 to 3 July, informing them of their GSTV benefits, while the rest will get letters.
\nRead also:\u00a0COVID-19 (Temporary Measures) Act: How Property Buyers Can Apply for ABSD, OTP and S&P Relief
\nCitizens can verify the authenticity of the SMS notification by checking that it is sent by GSTV. The ministry said the SMS notifications only inform citizens of their benefits and will not ask them to provide any information or reply to the sender.
\n\u201cThose who wish to view their GSTV \u2013 Cash and MediSave benefits online can do so at www.gstvoucher.gov.sg (using SingPass to log on),\u201d it said.
\nIntroduced in 2012, the GST voucher is a permanent scheme aimed at helping lower- and middle-income Singaporeans offset some of their GST expenses.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…1.4 million Singaporeans to get 0mil in GST Vouchers next month<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Eligible Singaporeans will receive up to $300 in GST voucher, which will be directly credited...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-117506","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uzg","jetpack-related-posts":[{"id":113373,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/930000-hdb-households-to-receive-gst-vouchers-in-jan\/","url_meta":{"origin":117506,"position":0},"title":"930,000 HDB households to receive GST vouchers in Jan","date":"January 3, 2020","format":false,"excerpt":"\r U-Save rebates are disbursed every three months to help households offset part of their utilities and lower their overall expenses. 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