gstvoucher.gov.sg GST Voucher Scheme Singapore : Ministry Of Finance
Organization : Ministry Of Finance
Scheme Name : GST Voucher Scheme
Country : Singapore
Website : http://www.mof.gov.sg/
Check Here : https://www.gstvoucher.gov.sg/
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MOF GST Voucher Scheme
The permanent GST Voucher scheme was introduced by the Government in Budget 2012 to help lower-income Singaporeans. The GST Voucher is given in three components – Cash, Medisave and U-Save.
Related : MOF BIPS Business & IPC Partnership Scheme Singapore : www.statusin.org/41309.html
GST Voucher Components
Cash :
Provides lower-income Singaporeans with some cash for immediate needs. Paid in August each year.
Medisave :
Provides elderly Singaporeans aged 65 and above with a top-up to their CPF Medisave account, to support their medical needs. Paid in August each year.
U-Save :
Provides lower- and middle-income Singaporean HDB households with quarterly rebates to offset their utilities bills. Paid in January, April, July and October each year.
GST Voucher – Cash
Eligibility
1. How will I know if I qualify for the 2017 GST Voucher – Cash?
To check your 2017 GST Voucher eligibility, you may log in to My 2017 GST Voucher from 1 July 2017. Eligible Singaporeans will be notified in July each year.
2. Who can get the 2017 GST Voucher – Cash, and how much will I get if I meet the eligibility criteria?
To receive the GST Voucher – Cash in 2017, you must fulfil the following criteria :
i) You must be a Singapore citizen, residing in Singapore;
ii) You must be aged 21 or above in 2017;
iii) Your Income Earned in 2015 as assessed by IRAS (Assessable Income (AI) for the Year of Assessment (YA) 2016) must not exceed $28,000;
iv) The Annual Value (AV) of your home (as indicated on your NRIC) as at 31 December 2016 must not exceed $21,000; and
v) You must not own more than one property.
Payment
1. What are the various ways that I can receive my GST Voucher – Cash?
You can choose to receive your GST Voucher – Cash in one of the following ways :
(i) Direct crediting to your DBS, POSB, OCBC or UOB savings/current bank account, or
(ii) Via cheque*.
Please note that your GST Voucher − Cash can only be credited to a local DBS, POSB, OCBC or UOB bank account. The majority of Singaporeans have bank accounts with the three local banking groups.
*Payment by cheque takes up to 15 working days longer than direct crediting to a bank account. If you maintain a local bank account with DBS, POSB, OCBC or UOB, we strongly encourage you to provide your bank account details for crediting.
2. What if I forget to bank in or encash my cheque for the GST Voucher – Cash?
Your cheque for your GST Voucher – Cash is valid for 6 months. If you forget to bank in or encash your cheque, the money will be credited to your CPF Ordinary Account when the cheque expires and will be subjected to CPF withdrawal rules.
3. What are the accepted forms of identification for GST Voucher – Cash cheque encashment or replacement request?
Only NRIC or valid passport will be accepted for any GST Voucher – Cash cheque encashment or replacement request.
4. The beneficiary is bedridden/physically immobile or of unsound mind, and does not have a bank account. How can I help the beneficiary encash his cheque for his GST Voucher − Cash?
If you are aged 21 and above, please proceed to the bank issuing the cheque, with the following documents :
(a) Original documentary evidence stating the beneficiary’s medical condition (e.g. doctor’s memorandum, medical report or court order).
The date of the document(s) should not be more than 1 year before the cheque encashment, unless it specifically states that the patient’s condition is permanent;
(b) Your original NRIC and a photocopy of the beneficiary’s NRIC; and
(c) Beneficiary’s cheque for his/her GST Voucher − Cash.
You will be required to sign a Letter of Indemnity at the bank. If you are unable to fulfil any of the above conditions, please contact the GST Voucher hotline at 1800 2222 888 for further assistance