Coming in August: Cash payouts of up to $850 to help Singaporeans defray GST and other living expenses

  • 📰 asiaonecom
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Singaporeans can look forward to cash payouts and Medisave top-ups in August. About 1.5 million citizens will receive up to $850 in cash as part of the enhanced GST Voucher (GSTV) scheme, said the Ministry of Finance (MOF) in a press release on Thursday (July 4). Those living in homes with annual values of up to $21,000 will get $850,...

Coming in August: Cash payouts of up to $850 to help Singaporeans defray GST and other living expensesPHOTO: The Straits Times fileSingaporeans can look forward to cash payouts and Medisave top-ups in August.

The 2024 GSTV disbursements were first announced by Prime Minister Lawrence Wong during Budget 2023 and will amount to $1.4 billion - around $200 million more than the sum paid out to Singaporeans in 2023, said MOF. Eligible Singaporeans who sign up via the govbenefits website by July 9 will receive the payout in August, while those who register after this date but before June 20, 2025, will get the cash payout by the following month.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines