The Singapore Goods and Services Tax (GST) Voucher scheme, introduced in Budget 2012, continues to play a pivotal role in supporting lower- and middle-income households by offsetting GST-related expenses. This initiative ensures a fairer tax system by redistributing resources to those who need them the most.
With the GST rate currently at 8%, the government recognizes the financial burden it places on citizens, particularly those in vulnerable income brackets. The GST Voucher scheme aims to mitigate these impacts through targeted assistance based on income levels, age, and housing types. By addressing essential needs such as healthcare, utilities, and daily expenses, this scheme reinforces the government’s commitment to a broad-based yet equitable tax system.
The GST Voucher is divided into four components: Cash, MediSave, U-Save, and Service and Conservancy Charges (S&CC) Rebate. Each component is tailored to meet specific needs, ensuring holistic support for eligible Singaporeans. Below, we explore the eligibility criteria, payout amounts, and important dates associated with the 2024 GST Vouchers.
Singapore GST Voucher Details
The GST Voucher scheme is structured into four key components:
| Component | Purpose |
|---|---|
| Cash | Provides immediate financial support. |
| MediSave | Supports healthcare needs for seniors. |
| U-Save | Offsets utility bills for HDB households. |
| S&CC Rebate | Reduces maintenance charges for HDB estates. |
These components cater to different aspects of financial assistance, ensuring that the scheme remains inclusive and impactful.
GST Voucher – Cash
The GST Voucher – Cash provides direct financial assistance to lower-income Singaporeans. Payments are disbursed in August each year.
Eligibility Criteria
To qualify for the GST Voucher – Cash in 2024, individuals must meet the following criteria:
- Be a Singapore citizen residing in Singapore.
- Be 21 years or older in 2024.
- Have an Assessable Income (AI) for 2022 not exceeding $34,000.
- The Annual Value (AV) of their home as of 31 December 2023 must not exceed $25,000.
- Own no more than one property.
Payout Amounts
Eligible recipients will receive between $450 and $850, depending on their income and housing AV.
| AV of Home (as of 31 Dec 2023) | AI ≤ $34,000 | Cash Amount |
| Up to $21,000 | Yes | $850 |
| More than $21,000 – $25,000 | Yes | $450 |
GST Voucher – MediSave
This component helps Singaporeans aged 65 and above manage their healthcare expenses. The payout is credited to their CPF MediSave accounts.
| Age in 2024 | AV of Home (≤ $21,000) | AV of Home ($21,001 – $25,000) | MediSave Amount ($) |
| 65-74 | $250 | $150 | $250 |
| 75-84 | $350 | $250 | $350 |
| 85+ | $450 | $350 | $450 |
GST Voucher – U-Save
The U-Save rebates assist HDB households by reducing utility expenses. These rebates are disbursed quarterly in January, April, July, and October.
| HDB Flat Type | Jan 2025 | Apr 2024 | Jul 2024 | Oct 2024 | Total Amount ($) |
| 1- and 2-room | $95 | $95 | $95 | $95 | $950 |
| 3-room | $85 | $85 | $85 | $85 | $850 |
| 4-room | $75 | $75 | $75 | $75 | $750 |
| 5-room | $65 | $65 | $65 | $65 | $650 |
| Executive | $55 | $55 | $55 | $55 | $550 |
GST Voucher Service and Conservancy Charges (S&CC) Rebate
This rebate helps HDB households offset estate maintenance charges. Rebates are distributed quarterly in 2024.
| HDB Flat Type | Apr 2024 | Jul 2024 | Oct 2024 | Jan 2025 | Total Rebate (Months) |
| 1- and 2-room | 1.0 | 1.0 | 1.0 | 0.5+0.5 | 4.0 |
| 3-room | 1.0 | 0.5 | 0.5 | 0.5+0.5 | 3.0 |
| 4-room | 0.5 | 0.5 | 0.5 | 0.5 | 2.5 |
| Executive/Multi-gen | 0.5 | 0.5 | 0.5 | 0.5 | 2.0 |
How to Receive GST Vouchers
Eligible recipients who registered for previous government payouts will automatically receive their payments in August 2024 via:
- PayNow (NRIC-linked)
- Bank Transfer (for those who provided bank details)
- GovCash (for those without a bank account)
These rebates are automatically credited to utilities and S&CC accounts, ensuring seamless disbursement without requiring registration.
Important Dates for GST Voucher Payments 2024
| Component | Payment Month |
| GST Voucher – Cash | August 2024 |
| GST Voucher – MediSave | August 2024 |
| GST Voucher – U-Save | Jan, Apr, Jul, Oct |
| S&CC Rebate | Apr, Jul, Oct, Jan |
The GST Voucher scheme exemplifies Singapore’s commitment to reducing financial burdens on lower- and middle-income households. By addressing cash needs, healthcare, utilities, and maintenance costs, the scheme ensures comprehensive support for eligible citizens. Staying informed about eligibility and important dates ensures that those entitled to these benefits can make the most of this vital initiative.