GST Voucher: “Give You Chicken Wing, Take Back The Whole Chicken.”
If you conducted a general search for ‘GST Voucher’, you’ll find tonnes of sceptical comments left by Singaporeans on social media.
Some of the more interesting comments we came across are:
- “The more they give you, the more they take back”
- “Candies for everyone… this means that the General Election is near.”
- “Give you chicken wing, take back the whole chicken.”
While some of these comments may certainly have some truth to them.
I decided to look at the GST Vouchers and all of the other benefits given by the government as something positive.
You know the expression about a glass being half empty or half full?
The way I see it, with all of these GST Vouchers and government support, my cup is half full.
I mean… it’s better than getting nothing right…
TL;DR: How Much GST Voucher Will I Be Getting in 2021?
|GST Voucher Component||How Much Will I Get?||Who Is Eligible?||When Is The Payout?|
|CDC Vouchers||$100||One per household||Feb 2021|
|CDA, EduSave, PSEA Top-up||$200||Singaporeans aged 0 to 20 in 2021||May & mid-Sep 2021|
|Cash Special Payment||$200||Singaporeans aged 21 and above in 2021 with annual income up to $28,000||Jun 2021|
|Medisave||$150 to $450||Singaporeans aged 65 and above in 2021 with Annual Value of home ≤ $21,000, and do not own more than one property||Jul 2021|
|Cash (Regular Payment)||$150 to $300||Singaporeans aged 21 and above in 2021 with annual income up to $28,000 and Annual Value of home ≤ $21,000||Aug 2021|
|U-Save Special Payment||$120 to $200||HDB households with at least 1 Singaporean||Apr, Jul 2021|
|U-Save||$235 to $395||HDB households with at least 1 Singaporean||Apr, Jul, Oct 2021, Jan 2022|
|Off set 1.5 to 3.5|
months of S&CC
|Eligible Singaporean households|
living in HDB flats
|Apr, Jul, Oct 2021, Jan 2022|
|Grocery Vouchers||$100||Singaporeans aged 21 and above in 2021, live in 1-room or 2-room HDB flats, and do not own more than one property||Oct 2021|
In October 2021, you can expect to collect your:
- regular U-Save payment ($235 to $395)
- 1.5 to 3 months of (S&CC) Rebate, as well as
- $100 worth of grocery vouchers
if you’re eligible.
Psst… if you’re super kiasu about collecting money from the government…
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What Is The GST Voucher Scheme?
The permanent GST Voucher scheme was first introduced back in Budget 2012 as a way to help lower-income Singaporeans cope with GST hikes.
As well as the rising costs of living.