SINGAPORE — About 940,000 Singaporean households will receive double their regular GST Voucher – Utilities-Save (U-Save) rebate for this financial year.
Households with five or more family members will receive two-and-a-half times the regular rebate to offset their utilities bills.
These are part of the government’s Care and Support Package announced at the Budget this year.
Previously, households in one- and two-room Housing Board flats received annual U-Save rebates equivalent to about three to four months of their utilities bills on average, said the Ministry of Finance (MOF) in a press statement on Thursday (2 April).
With the one-off doubling, these households will get rebates equivalent to at least six to eight months of their utilities bills on average, the MOF added.
Households in three- and four-room Housing Board flats previously receive support equivalent to about one to two months of their utilities bills.
They will now receive support equivalent to at least two to four months of their utilities bills.
In all, the rebate amounts to a total of $630 million in benefits for households, said the MOF.
The permanent GST Voucher scheme was introduced in Budget 2012 to help lower- and middle-income Singaporeans offset some of their GST expenses.
The GST Voucher comprises three components: Cash, MediSave – both paid in August every year – and U-Save.
The U-Save rebate is paid in January, April, July, and October each year.
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