News

Economy

Gerv Tacadena

, Singapore

Published:

9 years ago

Nearly 1.4m Singaporeans to receive GST Vouchers

Whilst 450,000 will get Medisave Top-ups.

A total of 1.57 million eligible citizens will receive notifications on their 2017 GST Vouchers (GSTV) and Medisave top-ups, the Ministry of Finance said in a statement.

About 1.37m Singaporeans will receive up to $500 in GSTV – Cash in 2017, comprising a payment of up to $300 in August 2017 and a one-off Special Payment in November 2017. The GSTV – Cash and Cash Special Payment will cost $680m.

Meanwhile, about 450,000 Singaporeans aged 65 years and above will receive the GSTV – Medisave of up to $450 in August 2017. This will cost about $130m.

In addition, Singaporeans who are born on or before 31 December 1959 (58 years and above in 2017) and do not receive Pioneer Generation (PG) benefits will receive a Medisave top-up of up to $200 in 2017 and 2018. The top-up for 2017 will benefit about 520,000 citizens, and cost about $95m. It will be credited into eligible citizens' Medisave accounts in August 2017.

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