Eligible Singaporeans will receive an additional S$150 or S$100 in GST Voucher cash payouts, as compared to last year.
SINGAPORE: About 1.5 million Singaporeans will receive S$850 or S$450 in cash in August from the enhanced GST Voucher cash payout scheme.by then-Deputy Prime Minister and Finance Minister Lawrence Wong.
In total, GSTV disbursement will amount to S$1.4 billion in cash payouts and Medisave top-ups - around S$200 million more than 2023, MOF said on Thursday.Around 650,000 eligible Singaporeans aged 65 and above will also have up to S$450 credited into the CPF MediSave Account in August, MOF said on Thursday.
Those who sign up after Jul 9 and by Jun 20, 2025 will receive their payments by the end of the following month. MOF said it encourages Singaporeans to link their NRIC to PayNow by Jul 22 if they have an account with one of the 12 participating banks in Singapore. By doing so, they can receive their 2024 GSTV in early August.
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