About 900,000 Singaporean HDB households will receive the next instalment of the GST Voucher – Utilities-Save (U-Save) rebate in July 2018.
In a press release on Monday (2 July), the Ministry of Finance (MOF) stated that the U-Save rebate is one of three components under the permanent GST Voucher scheme. The U-Save rebate helps HDB households to offset part of their utilities bills, and serves to lower overall household expensesn which is distributed every three months.
The ministry noted that the U-Save rebate is expected to amount to $280 million over four quarters, starting from July 2018.
According to MOF, the permanent GST Voucher – U-Save rebate has enabled households in 1- and 2-room HDB flats to receive support which is equivalent to about 3 to 4 months of their utilities bills on average annually. Those living in 3- and 4-room HDB flats have received support equivalent to about 1 to 2 months of their utilities bills.
In July 2018, the ministry stated that eligible Singaporean households will each receive a GST Voucher – U-Save of up to $95, depending on their HDB flat type.
As announced in Budget 2018, the ministry noted that eligible households will receive an additional $20 per year ($5 per quarter) for 3 years, from 2019 to 2021, which will help households adjust to the carbon tax when it is implemented from 2019.
“The increase in U-Save will cover the expected average increase in electricity and gas expenses for HDB households arising from the introduction of the carbon tax,” it added.
For more information on the GST Voucher – U-Save, members of the public can call SP Group at 6671-7117, or email [email protected]. More information on the GST Voucher can also be found here.
