Singapore GST Vouchers 2024-2025 Amount, Eligibility, Dates and Status

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The Goods and Services Voucher (GST) program in Singapore helps lower-income households manage the impact of the GST on their daily expenses. To help alleviate this financial burden, the Singapore Government has introduced the GST Voucher Scheme. The main aim of the Singapore GST Voucher Scheme is to provide financial support to those most affected by inflation and the increasing cost of living.

Singapore GST Vouchers 2024-2025

Here are some applying points for the Singapore GST voucher 2024-2025-

  • To register for the GST voucher through the GSTV e-services portal by 30th April 2024 if you are Singaporean Citizen by birth or permanent resident aged 21 or older, with an annual income of 2022 should not be exceeding $34000 and the AV of you home not exceeding $21000 and you have done so before . You can go to the portal through www.gstvoucher.gov.sg
  • Make sure you update your bank information and bank account data or property ownership status using the same GST e-services sites by 30th April 2024 if there have been any changes since your previous registration and this will guarantee that you will get your payment correctly.
  • Make sure you submit your income tax YA 2023 before the deadline to prevent any delays in obtaining your GSTV Cash.

What are the amount of Singapore GST Voucher 2024-2025?

The Singapore GST Voucher 2024 provides financial assistance to eligible citizens to help them cope with the rising cost of living, particularly the increase in Goods and Services Tax (GST).

Types of Payouts:

The GST Voucher scheme offers two forms of assistance depending on your age:

  • GST Voucher – Cash: This benefit is a direct cash payout to help offset daily expenses.
  • GST Voucher – MediSave: This benefit applies to seniors aged 65 and above in 2024. It provides a top-up to their MediSave accounts to support healthcare needs.

Cash Payout Amounts:

The cash payout amount you receive under the GST Voucher scheme depends on your income level and the Annual (AV) of your home

Higher Cash Payout ($850):

  • You must have an assessable income of up to $34,000 for YA 2023.
  • The Annual Value (AV) of your home must not exceed $21,000.

Lower Cash Payout ($450):

  • You must have an assessable income of up to $34,000 for YA 2023.
  • The Annual Value (AV) of your home must be between $21,000 and $25,000.
  • The cash payout amounts for 2024 have been enhanced compared to previous years to better address the rising cost of living.
  • The MediSave top-up amount for seniors is not publicly disclosed but is designed to complement their healthcare expenses.
  • If you qualify for the cash payout, verify the Annual Value (AV) of your home as indicated on your NRIC.
  • New applicants or those unsure about their eligibility can apply through the GST Voucher e-services by June 20,2025.

What are the eligibility requirements for the Singapore GST Voucher 2024-2025 ?

Here we outlined all the requirements for the eligibility to the Singapore GST Voucher 2024-2025 –

  • The minimum age to apply for the Singapore GST Voucher is 21 years or the maximum is pension age.
  • Annual value of home and income and the AV of the residential properties cannot surpass $21000. The Candidate had to have an assessable income of $34000.
  • To work and reside in Singapore, must have a valid visa for at least three years.

What are the Payments dates for the Singapore GST Voucher 2024-2025 ? 

The Singapore Government has announced an enhanced GST Voucher (GSTV) scheme for 2024 to help lower income Singaporeans cope with the rising cost of living. The GST in Singapore is set to increase from 8% to 9% in 2024 and the GSTV schemes aims off to set the impact of this increase on regular basis. If you were previously eligible for the GST Voucher and meet the revised criteria for the 2024, you will automatically receive the enhanced cash payouts in August 2024.

How to check the status for the Singapore GST Voucher 2024-2025 ?

Here is some information below of the Singapore GST Voucher –

  • Download the Singpass app on your mobile device.
  • Login your Singpass with Credentials.
  • Select View all under my profile.
  • Look for the options related to NS Benefits or GST Voucher.
  • The status will be display of your payout and remaining balance for the Medisave component.

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