Sunday, December 9, 2012

Unregistered Singaporeans are urged to sign up for GST Voucher by 31 December 2012


In a Press Release on December 7th 2012, Singapore's Ministry of Finance published a reminder for unregistered Singaporeans to sign up for GST voucher by 31 December 2012. According to the press release, as at end-November 2012, Singapore Government has disbursed about $335 million in GST Voucher – Cash to eligible Singaporeans, and about $100 million in GST Voucher – Medisave to older Singaporeans. 800,000 eligible HDB households would have also automatically received the GST Voucher – U-Save in July 2012.

According to the Government, the GST voucher, or GSTV, is a permanent scheme introduced in Budget 2012 to help lower- and middle-income households with their expenses, in particular, what they pay in GST:
"Retiree couples living in smaller flats can expect to receive a GSTV that will more than fully offset their yearly GST expenses. The GSTV for lower-income households (with no elderly persons) living in 3- or 4- room flats should cover about half of the GST they pay each year. Middle income families can also expect to receive a GSTV that will partially offset their GST expenses. 
The GSTV has 3 components: (i) GSTV  – Cash, to help defray some immediate expenses; (ii) GSTV  – Medisave, a Medisave top-up to help the elderly with medical expenses; and/or (ii) GSTV  – U-Save, a rebate  to help households offset utilities bills. Singaporeans will receive some or all of the three components depending on their age, income and the annual value of their home.
Source : 2.1 Million Singaporeans To Receive Their GST Voucher
Singaporeans aged 21 and above who are eligible for the GST Voucher and have yet to sign up should do so by 31 December 2012. They will be receiving reminder letters from the Government from 7 December 2012 onwards.


Only those who are eligible for GST Voucher – Cash and GST Voucher – Medisave need to sign up to receive the payments. There is no need to sign up for the GST Voucher – U-Save which is a benefit for the household.


Singaporeans may sign up either:

a) Online at the GST Voucher website (www.gstvoucher.gov.sg), or

b) By completing the GST Voucher sign-up form available at any Community Centre, Community Development Council or CPF Service Centre. All forms should reach CPF Board before 31 December 2012.

More information can be found at www.gstvoucher.gov.sg or Singaporeans can also call 1800-2222-888 for details on the GST Voucher – Cash and Medisave, and 6671-7117 for information on the GST Voucher – U-Save.

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