1.4M Singaporeans to receive Bicentennial Bonus

Staff Writer, Singapore
·Editorial Team
INFOGRAPHIC: MOF
INFOGRAPHIC: MOF

SINGAPORE — 1.4 million Singaporeans will receive up to three of the Bicentennial Bonus benefits in November, said the Ministry of Finance (MOF) on Thursday (24 October).

These are the GST Voucher – Cash (Bicentennial Payment), CPF Top-up, and Workfare Bicentennial Bonus. For instance, if the Singaporeans are aged 21 and above and had an assessable income in 2018 of up to S$28,000, they will receive a GST Voucher payout of either $300 or $150 in November, depending on the value of their homes.

In Budget 2019, the government announced a $1.1 billion Bicentennial Bonus to commemorate Singapore’s Bicentennial and to support individuals who need more help. Some of the Bicentennial Bonus benefits were distributed over the past few months.

The government introduced the permanent GST Voucher scheme in Budget 2012 to help eligible Singaporeans offset some of their GST expenses. The GST Voucher comprises three components – Cash, MediSave and U-Save.

The Workfare Income Supplement (WIS) is paid to eligible Singaporean workers to top up their salaries and help them save for retirement. WIS payouts are targeted at lower-income workers with poor household support, with more going to older workers.

Those eligible will be notified via SMS. To verify the authenticity of a SMS notification, they can check that the SMS is sent by “SG-Workfare” for the Workfare Bicentennial Bonus, or “GSTV” for GSTV – Cash (Bicentennial Payment).

These SMS notifications only inform citizens of their respective benefits. Citizens will not be asked to reply to their SMS or to provide any information to “SGWorkfare” or “GSTV”.

More information can be found below:

INFOGRAPHIC: MOF
INFOGRAPHIC: MOF

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