GST Voucher 2024: Overview, Eligibility Requirements, Benefit Amount, Application Procedure, And Check Status

The GST Voucher 2024 will be given to people to help them improve their abilities and help lower-class Singaporeans pay for their everyday needs. The citizens will receive the money so they can live in better conditions. Residents might receive the GST Voucher 2024 in April . The citizens will get $450 or $850 in cash, depending on their eligibility.

GST Voucher 2024
GST Voucher 2024; Source- ET Auto

GST Voucher 2024: Overview

Low-income Singaporeans will receive $850 in cash support from the federal government in 2024 to help with everyday living expenses. In line with the rising cost of living, these cash transfers are the federal GST voucher, which is scheduled to increase from 8% to 9%.

The government has increased these benefits by including U-Save, Cash, MediSave, and S&CC rebates.The financial help provided by the cash component has increased the payout to a maximum of $850 for each qualified taxpayer.

The purpose of this financial aid is to encourage low- and moderate-income residents. These payments serve as the assurance package for the government’s financial difficulties and provide short-term, and long-term assistance.

GST Voucher 2024: Eligibility Requirements

To be eligible for the benefit amount, Singaporeans have to meet several requirements. The qualifying requirements are:

  1. Age Limit: The person must be between the ages of 21 and pension age.
  2. Citizenship: The candidates must possess a Singaporean permanent citizenship certificate. To work and remain in Singapore, individuals must maintain a valid visa for a minimum of three years.
  3. Annual Value of Home and Income: The home properties’ AVs shouldn’t go above $21,000. The applicant’s assessable income should be $34,000.

Property taxes for more than one residence should not be imposed on an individual. The voucher will not be available to the citizens receiving the other pension payments.

GST Voucher 2024: Benefit Amount

Annual Income Up to $S 2100 Above $S 2100
Disbursement Period Age between 55 and 64 Age between 65 and above 64 Age between 55 and 64 Age between 65 and above
February 2024 S$250 S$300 S$200 S$200
February 2025 S$250 S$300 S$200 S$200

Homeowners who meet the eligibility requirements and have no outstanding property taxes can apply for the Assurance Package’s U-Save Rebate.

HBD Flat type 1 and 2 bedroom 3 and 4 bedroom 5 bedroom Executive room
Additional GST-Voucher S$95 S$85 S$65 S$55
Existing Voucher S$95 S$85 S$65 S$55
Total Voucher S$190 S$170 S$130 S$110

GST Voucher 2024: Application Procedure

  • You don’t need to apply for the same if you have already signed for the previous payouts.
  • You can apply on the GST voucher website if you haven’t already signed up for the Past Government Payouts.

GST Voucher 2024: Check Status

  • On your device, download the Singpass app.
  • Enter your Singpass login information.
  • Select the ‘View All’ option from the My Profile app.
  • Select ‘NS benefits’ View your payout and remaining balance now.

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