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.