Kiasu Singaporean’s Guide To How Much GST Voucher Will I Be Getting In 2019?
GST Vouchers: “Give you chicken wing, take back the whole chicken.”
A little search on GST Voucher on Social Media lands you on tonnes of sceptical comments from average Singaporeans.
A few of the interesting comments we came across are:
- ” The more they give you, the more they take back”
- ” Candies for every. This means that the General Election is near.”
- ” Give you chicken wing, take back the whole chicken.”
While some of these comments may hold certain truth to it, we decide to adopt a more positive way of looking at it.
Very much like the expression of whether a glass is half empty or half full, as long as I am getting some money I will not turn it down.
From the way I see it, my cup is half full (better than nothing).
TL;DR – GST Vouchers: How Much Cash Will I Be Receiving?
The GST Voucher can be broken down into 3 different types of benefits:
- Cash payout to eligible Singaporeans
- MediSave Top-up for those age 65 and above
- U-Save to offset HDB flat’s utility bills
GST Voucher – How Much Cash Will I Receive?
To have a better understanding of the payout date, factors and cash amount of GST Voucher,
|Income Earned In 2017 Is $28,000 And Below||Annual Value Of Home|
(As at 31 December 2018)
|Up To $13,000||$13,001 to $21,000|
|GST Voucher Cash Payout||$300||$150||August 2019|
|GST Voucher Cash |
To be qualified to receive GST Voucher – Cash, one must be:
- You must be a Singaporean living in Singapore
- 21 Years old and above (in 2019)
- You must not own more than 1 property
The other factors that will affect the amount of cash you receive are:
- Income Earned in 2017 as assessed by IRAS
- Annual Value as at 31 December 2018
Should you be eligible for both regular payment of GST Voucher and Bicentennial Payment, you will be able to receive up to $600!
GST Voucher – How Much MediSave Top-up Will I Receive?
For Singaporeans, aged 65 and above in the year 2019 you might be in luck for a MediSave Top-up!
Depending on the Annual Value of your home as of 31 December 2018, here’s the amount of MediSave you will receive.
|Age||Annual Value of Home as at 31 Dec 2018|
|Up to $13,000||From $13,001 to $21,000|
|65 to 74||$250||$150|
|75 to 84||$350||$250|
|85 and above||$450||$350|
GST Voucher – How Much U-Save Credit Will I Receive?
One of the perks of staying in a HDB is the U-Save credit you will receive. The amount is pegged to the flat type you stay in.
U-Save credits can be used to offset your utility bills, allowing you to save more.
|Type Of Flat||January 2019||April 2019||July 2019||October 2019||Total Amount Per Year|
|1 and 2-room||$100||$100||$100||$100||$400|
On top of that eligible households will receive Service and Conservancy Charges (S&CC) rebates. S&CC are charges that are incurred on HDB owners for the up keeping of their common property.
Check out how many months of S&CC rebates you are eligible for:
|Types Of Flat You Stay In||Amount of S&CC Rebate in number of months||Total S&CC Rebate|
|January 2019||April 2019||July 2019||October 2019|
|1-room flat||1||1||1||0.5||3.5 months|
|2-room flat||1||1||1||0.5||3.5 months|
|3-room flat||1||0.5||0.5||0.5||2.5 months|
|4-room flat||1||0.5||0.5||0.5||2.5 months|
|5-room flat||0.5||0.5||0.5||0.5||2 months|
|Executive/ Multi-Generation||0.5||0.5||0.5||-||1.5 months|
Further Reading: Service and Conservancy Charges (S&CC)
S&CC charges can go from $54.70 for 1-room flat to $101 for Executive every month.
Here’s a full list of the Service and Conservancy Charges (S&CC) that various HDB owners are paying:
|Types Of Flat You Stay In||Normal Rate||Reduced Rate|
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