Eligible S’poreans to get up to $850 in GSTV cash, up to $450 in MediSave top-ups in August

More than 1.5 million eligible Singaporean adults will receive up to $850 cash via the GST Voucher scheme, and about 690,000 seniors will receive up to $450 in MediSave top-ups in August.

They will receive $850 in cash if they are 21 or older in 2025, have an assessable income of up to $39,000 in the latest assessment year, and own at most one property whose annual value is up to $21,000 in 2024.

Those who meet this same age and income criteria but whose property’s annual value is over $21,000 but no more than $31,000 will get $450 instead.

Singaporeans who own more than one property are not eligible for the payout.

Eligible recipients will automatically receive their payments via PayNow from Aug 6 if they have previously linked their NRIC to PayNow via their bank, the Ministry of Finance (MOF) said in a press release on July 7.

Those who opted for Giro will receive their payments from Aug 15, while those who chose GovCash will get theirs from Aug 22.

They will also be notified via SMS after the benefits have been credited.

Those who do not have a Singpass-registered mobile number will be informed through a letter sent to the address on their identity card.

The permanent GST Voucher scheme was introduced by the Government in 2012 to help lower- and middle-income Singaporeans offset some of their GST expenses.

The ministry said the assessable income threshold for this round of cash payouts was raised from $34,000 to $39,000 from August to maintain the coverage of the scheme, given that the incomes of these Singaporeans have improved.

For the MediSave top-ups, the amount to be credited depends on the age of the person and the annual value of their property.

The highest amount of $450 will be credited to those aged 85 or older in 2025 who own at most one property with an annual value of up to $21,000 in 2024.

The top-ups will be automatically credited into their Central Provident Fund MediSave accounts from Aug 11.

MOF said: “A total of $1.5 billion will be disbursed under the GSTV – Cash and GSTV – MediSave schemes, as part of the permanent GST Voucher scheme this year. This is on top of the other support that Singaporeans will receive in financial year 2025.”

Eligibility Details:

Age: You must be 21 years old or older in 2025.

Citizenship: You must be a Singapore citizen.

Income: Your assessable income for the Year of Assessment (YA) 2023 must not exceed $39,000, according to Govbenefits.

Property: You must not own more than one property.

Payment Method: An active PayNow account linked to your NRIC is required for cash payouts.

Ref: Eligible S’poreans to get up to $850 in GSTV cash, up to $450 in MediSave top-ups in August