The_King Posted November 20, 2022 Share Posted November 20, 2022 Eligible Singaporeans will receive up to S$700 worth of vouchers this December from the Singapore government to offset the upcoming GST hike and rising costs of living. The vouchers payable in December would come in two parts – the Assurance Package Vouchers and the Cost of Living (COL) vouchers. This would be the first round of GST vouchers that Singaporeans will receive in the coming months. Here's everything you need to know, simplified for you. Vouchers To Be Paid Out In December 2022 Assurance Package Vouchers In Budget 2020, the Singapore government announced a S$6 billion Assurance Package (AP) to cushion the effects of the upcoming increase in GST. They have since enhanced the package with an additional S$640 million worth of vouchers, which would be distributed to about 2.8 million adult Singaporeans. The payouts will be distributed over 5 years, with the first payment being dispersed in December 2022. Cost of Living Special Payment In October 2022, Deputy Prime Minister and Minister for Finance Lawrence Wong announced a S$1.5 billion support package to provide aid to Singaporeans for rising inflation. This package is specifically targeted at helping lower- to middle-income groups. About 2.5 million Singaporeans will benefit from the Cost-of-Living (COL) Vouchers and it will be paided out together with the AP Vouchers. Property Ownership Owns 0 to 1 Property Owns more than 1 Property Assessable Income (AI) AI ≤ S$22,000 S$22,000 < AI ≤ S$34,000 S$34,000 < AI ≤ S$100,000 AI > S$100,000 All Assurance Package S$200 S$150 S$100 S100 COL Vouchers S$500 S$400 S$300 - - How much will i get in total? S$700 S$600 S$400 S$100 S$100 Vouchers To Be Paid Out In January 2023 Community Development Council (CDC) Vouchers Another round of CDC vouchers will be paid out to Singaporean households in January 2023. CDC vouchers totalling S$300, S$200 under the Assurance Package and an additional S$100 under the Cost-of-Living special payment, will be issued to each household and can be used at participating heartland shops, hawker centers and major supermarkets. Additional GST Voucher – U-Save Eligible HDB households also will receive an additional GST voucher (GSTV) – U-Save rebate under the Assurance Package. This additional voucher will be on top of, and credited together with, the existing GSTV – U-Save. Eligible HDB Households whose members do not own more than one property will receive: HDB Flat Type 1 & 2 Room 3 Room 4 Room 5 Room Executive/ Multi Generational Additional GSTV – U-Save S$95 S$85 S$75 S$65 S$55 Exisitng GSTV - U-save S$95 S$85 S$75 S$65 S$55 Total Vouchers received S$190 S$170 S$150 S$130 S$110 GSTV – Service and Conservancy Charges (S&CC) Rebate The government has also announced a GSTV - S&CC Rebate that will be included under the permanent GST Voucher scheme. Eligible Singaporean households living in HDB flats with no private property ownership will be eligible for the following rebate: HDB Flat Type 1 & 2 Room 3 Room 4 Room 5 Room Executive/ Multi Generational Number of Months of S&CC Rebate 1 0.5 0.5 0.5 - How Do I Receive The Vouchers? There is no sign up necessary to receive the vouchers. The vouchers will directly be paid into your bank account via the your PayNow-NRIC. Singaporeans are encouraged to link your NRIC to your PayNow account by 20 November 2022 in order to receive your AP and COL vouchers from as early as 5 December 2022. If you have opted for bank crediting, the AP and COL vouchers will be dispersed to your bank account on 12 December 2022. More information about the vouchers to be paid out in January 2023 will be available at a later date. If you would like to find out exactly how much you are eligible for, you may visit the govpayouts website for more information. https://sg.finance.yahoo.com/news/gst-voucher-2022-everything-know-230018032.html 1 3 Link to comment Share on other sites More sharing options...
chamfer Posted November 20, 2022 Share Posted November 20, 2022 Lai ah lai ah..... our master is giving out chicken wing. Better be thankful ok..... 6 Link to comment Share on other sites More sharing options...
ManOfTheHour Posted November 20, 2022 Share Posted November 20, 2022 38 minutes ago, chamfer said: Lai ah lai ah..... our master is giving out chicken wing. Better be thankful ok..... The chicken is from our own farm 1 3 Link to comment Share on other sites More sharing options...
classyNfabulous Posted November 20, 2022 Share Posted November 20, 2022 tan ah tan laaaa waiting for my chicken chop to be served for dinner 2 Link to comment Share on other sites More sharing options...
classyNfabulous Posted November 20, 2022 Share Posted November 20, 2022 55 minutes ago, chamfer said: Lai ah lai ah..... our master is giving out chicken wing. Better be thankful ok..... moi look forward to thigh n drumstick 😈 2 Link to comment Share on other sites More sharing options...
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