SINGAPORE — About 950,000 Singaporean households living in HDB flats will receive their GST Voucher (GSTV) – U-Save rebates in April, said the Ministry of Finance (MOF) in a news release on Thursday (1 April).
These households will receive an additional 50 per cent of their GSTV – U-Save in the 2021 financial year, which will be credited in April and July.
Taken together, the regular U-Save and U-Save Special Payment schemes will amount to $460 million in support for families' household expenses over this financial year. The U-Save Special Payment is part of the $900 million Household Support Package announced during Budget 2021, and provides more support to lower- and middle-income families.
Families living in one- and two-room flats typically receive GSTV – U-Save rebates amounting to an average of three to fourth months' worth of utility bills. Together with the GSTV – U-Save Special Payment, these households will receive rebates amounting to about 4.5 to six months of their utility bills for this year.
Those living in three- and four-room HDB flats will typically get GSTV – U-Save rebates amounting to an average of one or two months' worth of their utility bills. For this yeah, they will receive support amounting to about 1.5 to three months of their utility bills.
The value of the GSTV – U-Save rebates for this financial year are as follows:
MOF noted that households whose members own more than one property are ineligible for the GSTV – U-Save scheme.
The regular GSTV – U-Save rebates in April, July and October will include an additional $5 per quarter from January 2019 to December 2021 – stated in Budget 2018 – as a means to mitigate the introduction of a carbon tax. This additional sum will no longer be included from January next year.
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