GST Voucher and Care and Support Package 2020: How Much Will You Be Getting?
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GST Voucher and Care and Support Package 2020: How Much Will You Be Getting?

Ming Feng
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Goods and Services Tax (GST) Announcements from Budget 2020

Before we get into anything, here’s some good news about GST.

The GST hike will NOT happen in 2021.

Lim pei like your idea

GST Voucher: “Give You Chicken Wing, Take Back The Whole Chicken.”

If you search ‘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 hold certain truth to it.

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?

On Resilience Budget 2020
Source: SGAG

From 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 & Care and Support Package Will I Be Getting?

Note: this article has been updated with information from the Unity Budget 2020, Resilience Budget 2020, Solidarity Budget 2020, and Fortitude Budget 2020

Seedly GST Voucher & Care and Support Package October 2020

In October 2020, we can expect quite a few GST Vouchers and government support packages:

All eligible households will be getting their GST Voucher – U-Save, which includes the GST Voucher – U-Save Special Payment ($480 to $800).

Eligible larger households will also be getting their Further GST Voucher – U-Save ($120 to $200).

Those living in HDB flats will be getting their S&CC Rebate (1.5 to 3.5 months).

For those eligible, the remaining half of the Workfare Special Payment ($1,500) will be credited directly to your government-registered bank account on 28 Oct 2020.

FYI:  if you received Workfare Income Supplement (WIS) for WY2020, but not WY2019, you will receive the full $3,000 instead

The first disbursement of Grocery Vouchers ($300) will be mailed out to eligible Singaporeans in October and December 2020.

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Overall, all of these budget measures are part of the Care and Support Package, which is meant to help Singaporeans cope with their household expenses.

The Care and Support Package consists of different benefits:

  • Solidarity Payment (paid in cash) to Singaporeans aged 21 and above in 2020
  • Care and Support – Cash given to eligible Singaporeans
  • PAssion Card Top-up (paid in cash) to Singaporeans aged 50 and above
  • GST Voucher – U-Save to offset HDB flat’s utility bills
  • Service and Conservancy Charges (S&CC) Rebate
  • Solidarity Utilities Credit (one-off) given to all residential households with at least one Singaporean
  • Workfare Special Payment for low-wage workers aged 35 and above in 2019
  • GST Voucher – Cash (paid in cash) to eligible Singaporeans aged 21 and above in 2020
  • GST Voucher – Medisave given to Singaporeans aged 65 and above in 2020
  • Grocery Vouchers for needy Singaporeans
In form ofHow much?Who is eligible?When?
Solidarity Payment

($300 + $300 from August's Care & Support brought forward)
$600Singaporeans aged 21 and above in 2020April 2020
Care and Support – Cash$300 or $600

($300 of August's payout is brought forward to April)
Singaporeans aged 21 and above in 2020June 2020
Care and Support – Cash (Parents)$300Every adult Singaporean with at least 1 Singaporean child aged 20 and below in 2020June 2020
PAssion Card Top-up
(will be paid in cash)
$100Singaporeans aged 50 and above in 2020June 2020
GST Voucher – U-Save
(includes the one-off GST Voucher – U-Save Special Payment)
$480 to $800HDB households with at least 1 SingaporeanApril, July, October 2020 and January 2021
Further GST Voucher – U-Save$120 to $200Households with 5 or more membersOctober 2020 and January 2021
Service and
Conservancy
Charges
(S&CC) Rebate
Off set 1.5 to 3.5
months of S&CC
Eligible Singaporean households
living in HDB flats
April, July, October 2020 and January
2021
Solidarity Utilities Credit
(credited in household's utilities bills with SP Group)
$100Households with at least 1 SingaporeanJuly or August 2020
Workfare Special Payment$3,000Low-wage workers aged 35 and above in 2019July and October 2020

($1,500 each time)
GST Voucher – Cash$150 or $300Singaporeans aged 21 and above in 2020 with annual income below $28,000 and annual value of property below $21,000August 2020
GST Voucher – MediSave$150 to $450Singaporeans aged 65 and above in 2020 with Annual Value of home ≤ $21,000, and do not own more than one propertyAugust 2020
Grocery Vouchers$300
(in 2020)

$100
(in 2021)
Singaporeans aged 21 and above in 2020, live in 1-room and 2-room HDB flatsOctober and December 2020

2021

How Much Solidarity Payment, Care and Support – Cash, and PAssion Card Top-up Will I Get?

Cash is always king!

There are different types of cash payouts, which Singaporeans will receive.

Here’s an overview of how much cash payout you can potentially receive:

Assessable Income for YA 2019$28,000 and belowAbove $28,000 to $100,000More than $100,000

(or own more than 1 property)
Paid When?
For Singaporean adults, 21 years and older in 2020Solidarity Payment
(additional $300 top-up by Government)
$600April 2020
Care and Support – Cash$600
(originally $900 but $300 brought forward to Solidarity Payment)
$300
(originally $600 but $300 brought forward to Solidarity Payment)
$0
(originally $300 but $300 brought forward to Solidarity Payment)
June 2020
For Singaporean parents with at least 1 Singaporean child, 20 years and below in 2020Care and Support – Cash (Parents)$300
For Singaporeans, 50 years and older in 2020PAssion Card Top-up
(in cash)
$100

Solidarity Payment

All adult Singaporeans (aged 21 and above in 2020) will receive $600 in cash.

This comprises $300 of the Care and Support – Cash which is now being paid earlier in view of the heightened measures.

And an additional $300 top-up by the government.

This was paid out in April 2020.

Care and Support – Cash

To help Singaporeans defray the cost of household expenses during this period of uncertainty.

It was announced that the Care and Support – Cash would be tripled.

All eligible Singaporeans will now receive a payout of $900, $600 or $300, depending on their income.

Update: $300 will be brought forward to the Solidarity Payment in April 2020

The remainder was paid out in June 2020.

Care and Support – Cash (Parents)

Singaporean parents with at least one Singaporean child, 20 years and below in 2020, will each receive an additional $300.

This was paid out in June 2020.

PAssion Card Top-Up for Seniors

For Singaporeans aged 50 and above — mainly the Pioneer and Merdeka Generation seniors.

The $100 PAssion Card top-up will be given out in cash instead.

This is for them to use on groceries, activities, community club facilities and more.

This was also paid out in June 2020.


How Much GST Voucher – U-Save Will I Get?

One of the perks of staying in an HDB flat is that you’ll receive the GST Voucher – U-Save.

FYI: the amount is pegged to the type of HDB flat you live in.

If you’re wondering what U-Save credits can be used for, well, you can use them to offset your ridiculously expensive utility bills (looks at SP group).

Type of HDB FlatGST Voucher – U-SaveGST Voucher – U-Save Special Payment
(one-off)
Further GST Voucher – U-Save
(for households with five or more members)
Total GST Vouchers – U-Save
(for 2020)
1-room and 2-room$400$400$200$800 or $1,000
3-room$360$460$180$720 or $900
4-room$320$320$160$640 or $800
5-room$280$280$140$560 or $700
Executive/ Multi-Generation$240$240$120$480 or $600

What are the Requirements to be Eligible For GST Voucher – U-Save?

Only households living in HDB flats will be eligible for GST Voucher U-Save.

Also, you need to:

  • Own and live in your HDB flat, there must be at least one Singapore citizen owner or occupier in the flat; or
  • Partially rent out the HDB flat that you own and live in, there must be at least one Singapore citizen owner or occupier in the flat; or
  • Rent an entire flat, there must be at least one Singapore citizen tenant

If you own more than one property, you are not eligible for the GST Voucher – U-Save.

The GST Voucher – U-Save will be paid out in April 2020, July 2020, October 2020, and January 2021.

GST Voucher – U-Save Special Payment and Further GST Voucher – U-Save

Households which receive the GST Voucher – U-Save will also receive a one-off GST Voucher – U-Save Special Payment.

This was paid out in April 2020 and July 2020.

For larger households with five or more members, they will also receive a one-off Further GST Voucher – U-Save.

This will be paid out in October 2020 and January 2021.


How Much S&CC Rebates Will I Get?

On top of that, eligible households will also receive Service and Conservancy Charges (S&CC) rebates.

HDB owners pay a monthly S&CC charge for the upkeep of the common property.

Here’s a look at how many months of S&CC rebates you’re potentially eligible for:

Types Of Flat You Stay InAmount of S&CC Rebate in number of monthsTotal S&CC Rebate
January 2019April 2019July 2019October 2019
1-room flat1110.53.5 months
2-room flat1110.53.5 months
3-room flat10.50.50.52.5 months
4-room flat10.50.50.52.5 months
5-room flat0.50.50.50.52 months
Executive/ Multi-Generation0.50.50.5-1.5 months

Understanding Service and Conservancy Charges (S&CC)

If you’re looking at the number of months of S&CC rebates your household is eligible for.

And are going, “Chey… 3.5 months only. Like nothing really much leh…”

WRONG.

S&CC charges can range from $54.70 for a 1-room HDB flat to $101 for an Executive.

And that’s EVERY MONTH.

Here’s a full list of the Service and Conservancy Charges (S&CC) that HDB owners are paying for:

Types Of Flat You Stay InNormal RateReduced Rate
1-room flat$54.20$20.50
2-room flat$56.70$30.50
3-room flat$63.00

$79.50
(Design-Build-and-Sell Scheme)
$46.00

$62.50
(Design-Build-and-Sell Scheme)
4-room flat$72.50

$88.00
(Design-Build-and-Sell Scheme)
$63.50

$79.00
(Design-Build-and-Sell Scheme)
5-room flat$99.50-
Executive/ Multi-Generation$101.00-

The rebates will be given in April 2020, July 2020, October 2020, and January 2021.


How Much Solidarity Utilities Credit Will I Get?

As announced during the Fortitude Budget 2020, there will be a one-off $100 Solidarity Utilities Credit to help Singaporeans offset a portion of the utility bills.

This is due to the current work from home situation where many households have seen an increase in their utility bills.

Best of all?

All property types are covered!

Any households with at least one Singapore Citizen will automatically be included.

The Solidarity Utilities Credit was credited into all households’ July or August 2020 utility bills with SP Group.


How Much Workfare Special Payment Will I Get?

This is mainly targeted at lower-income households.

All Singaporean employees and self-employed persons who received Workfare Income Supplement (WIS) payments for work done in 2019 will receive a Workfare Special Payment (WSP) in 2020.

The WSP is a one-off $3,000 cash payout that will be paid out in two equal payments of $1,500 each in July 2020 and October 2020.

Extension of Workfare Special Payment

The WSP was extended to include lower-wage workers aged 35 and above in 2020, who received WIS payment for WY 2020 and have not qualified for WSP previously.

These eligible recipients will receive the full one-off WSP ($3,000) from October 2020.


How Much GST Voucher – Cash Will I Get?

The GST Voucher – Cash will be given to eligible Singaporeans, 21 years or older in 2020.

Assessable income for the year 2019Up to $13,000

(Annual Value of Home as at 31 Dec 2019)
$13,001 to $21,000

(Annual Value of Home as at 31 Dec 2019)
Cash

(Enhanced Quantum)
$300$150

This was paid out in August 2020.

Requirements For GST Voucher – Cash

To be eligible for the GST Voucher – Cash, you must:

  • Be a Singaporean living in Singapore
  • Be 21 years old and above (in 2020)
  • Not own more than 1 property

The other factors that will affect the amount of cash you receive are:

  • Income Earned in 2018 as assessed by IRAS (assessable income for the year of assessment 2019)
  • Annual Value of home as of 31 December 2019

The Annual Value Of Home (AV) is the estimated yearly rental which your property can get you if you were to rent it out.

The calculation excludes furniture, furnishings and maintenance fees.

Where Can I Find The AV Of My Home?

For those of you going, “Simi AV of my home? Where to find ah?”

I gotchu fam.

You can find the AV of your home on your yearly property tax bill.

That is if you file your correspondences properly…

Alternatively, you can login to myTax Portal using your SingPass/IRAS PIN > Messages > Correspondence & Notices > Property Tax > Letters/Notices.

You’re welcome.


How Much GST Voucher – Medisave Will I Get?

To be eligible for the GST Voucher – MediSave, you must:

  • Be a Singaporean living in Singapore
  • Be 65 years old and above (in 2020)
  • Not own more than 1 property
Huat Ah Singapore
Source: memecrunch

Depending on the AV of your home (the address that is listed on your NRIC) as of 31 December 2019…

Here’s the amount of MediSave Top-up you will receive:

Age in 2020Annual Value of Home as at 31 Dec 2019
Up to $13,000From $13,001 to $21,000
65 to 74$250$150
​75 to 84$350$250
85 and above$450$350

This was paid out in August 2020.


How Much Grocery Vouchers Will I Get?

$400 worth of Grocery Vouchers will be given to needy Singaporeans over two years.

The Grocery Vouchers are for Singaporeans who:

  • Are aged 21 and older
  • Live in 1- or 2-room HDB flats
  • Do not own more than one property

and will be mailed to the NRIC-registered address of eligible citizens.

These Grocery Vouchers can be used at supermarkets like NTUC FairPrice, Giant, and Sheng Shiong.

And are meant to help this group of needy Singaporeans to cope with the cost of living amidst the pandemic.

The first $300 will be disbursed in October and December 2020.

While the remaining $100 will be disbursed in 2021.

About Ming Feng
A stint in Bloomberg gifted me with a beer belly, which only grew larger when I moved on to become a Professional Trader. Now I turn caffeine into digestible finance-related content.
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