MOF: 1.39 million eligible citizens to receive up to S$300 in GSTV – Cash in August 2018

A total of 1.6 million Singaporeans will receive notifications by 6 July on their 2018 GST Voucher (GSTV) benefits and MediSave top-ups.

In a press release on Thursday (28 June), the Ministry of Finance (MOF) said that about 1.39 million eligible citizens will receive up to S$300 in GSTV – Cash in August 2018, which will amount to S$410 million in total.

The ministry added that citizens may also use their SingPass to view their GSTV – Cash and MediSave benefits online.

Citizens with mobile numbers updated with SingPass will receive SMS notifications, while other recipients will receive letter notifications, similar to the notification exercise last year.

About 485,000 Singaporeans aged 65 years and above in 2018 will receive up to S$450 in August 2018 for GSTV – MediSave top ups, which will amount to about S$144 million in total.

MOF also stated that Singaporeans who are born on or before 31 December 1959 (59 years and above in 2018) and do not receive Pioneer Generation (PG) benefits will receive a MediSave top-up of up to S$200 this year.

The top-up will benefit about 520,000 citizens and cost S$95 million and will be credited into eligible citizens’ MediSave accounts in August 2018.

The ministry noted that pioneers will also receive their PG MediSave top-ups of between S$200 to S$800 in July 2018.

A non-Pioneer aged 65 and living in a Housing and Development Board (HDB) flat can receive S$450 of MediSave top-ups this year in total.

While a pioneer aged 75 in 2018 and living in an HDB flat will receive S$750 of MediSave top-ups with both the PG MediSave and GSTV – MediSave. Meanwhile, a Pioneer aged 85 in 2018 and living in an HDB flat will receive S$1,250 of MediSave top-ups.

In addition to the GSTV scheme, as announced at Budget 2018, Singaporeans aged 21 and above in 2018 can receive an SG Bonus of up to S$300 at the end of the year. Eligible citizens will receive a notification letter on their SG Bonus benefits by October 2018.

According to MOF, most citizens will automatically receive their GSTV payouts if they have signed up for the GSTV or any other government payout scheme in the past.

Those who have not signed up for the GSTV or past government payouts have until 31 December to sign up online or through a hard copy form available at community centres.​​​​​​​