Approved ! Singapore Vouchers 2024: CDC and GST Voucher Payment Dates, Amount

Explore the most recent updates on the Singapore Vouchers for July 2024: CDC and GST Voucher Dates, Amount, and Eligibility. The Singapore Vouchers program offers financial relief through rebates and top-ups aimed at easing financial strain, particularly for lower and middle-income individuals. Eligible recipients can receive up to $850 in 2024 to support their daily expenses.

Singapore Vouchers July 2024

The Goods and Services Tax was increased from 8 percent to 9 percent starting January 1, 2024. In response to the rising cost of living, the Government has bolstered the GST Voucher scheme for 2024. This scheme encompasses cash, MediSave, and U-Save components. Eligible individuals will now receive enhanced cash payouts of up to $850.

It is important to note that recipients who qualified for the GSTV last year do not need to reapply. If you meet the eligibility criteria for 2024, you will automatically receive an increased cash payout in the upcoming month. For more details on the Singapore Vouchers for July, continue reading below.

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Singapore Vouchers July Amount

The key update for this year focuses on increased cash payouts under the Vouchers Scheme. In 2023, eligible individuals received between $350 and $700. This year, the Government has raised the payment amount, now ranging from $450 to $850 in cash. Recipients can conveniently receive cash assistance through three methods: PayNow-NRIC linked bank account, GovCash, and Bank Crediting.
The tiered payment structure will remain consistent, prioritizing greater benefits for lower-income households. Please ensure timely filing of your income tax return for the Year of Assessment 2023 to prevent delays in receiving the GSTV payout. Take necessary actions if you have applied to ensure smooth receipt of the Cash Components Benefits.

Singapore Vouchers Eligibility

To qualify for the Cash Component in 2024, individuals must meet the following criteria:

  • The claimant must be a Singaporean or Permanent Resident residing in Singapore as of the end of 2023.
  • The applicant must be at least 21 years old in the current year.
  • The individual’s annual income assessed by IRAS for the previous year must not exceed $34,000.
  • The Annual Value of the home, as indicated by the NRIC, must not exceed $21,000 to qualify for the cash components.
  • Individuals owning a single property (not multiple) are eligible to enroll in the Scheme.

Note: Additional benefits will be prioritized for citizens with low incomes, followed by middle-income households.

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CDC and GST Voucher Dates

If you are new to the Voucher Scheme and are a Singaporean or Permanent Resident aged 21 or older, with an annual income below $34,000 in 2022, and a house with an Annual Value around $21,000, and have never previously registered for the GSTV, you need to register by 30 April 2024 using the GSTV e-services portal. Singaporeans have eagerly awaited the cash component for a considerable period. Eligible individuals will receive increased amounts on the following dates:

Payment ModePayment Date
PayNow-NRIC linked Bank Account1 August 2024
Bank Crediting11 August 2024
GovCash21 August 2024

It is crucial to note that payouts will commence in August, and eligible individuals have until 30 April 2024 to register for a GST voucher or update their bank details using the GSTV e-services portal.

All We Know

Please review the payment methods available for receiving your cash components:

PayNow-NRIC: This is the recommended and fastest method for receiving voucher payments. Individuals need to link their NRIC to a PayNow account with a participating local or foreign bank in Singapore. Once linked, GSTV-Cash will be deposited into the account by 1 August 2024.

Bank Crediting: If you have provided OCBC, DBS/POSB, or UOB bank account details during the claim process, the GSTV payment will be credited to your account by 11 August 2024.

GovCash: For claimants without a PayNow-linked NRIC bank account or who haven’t provided bank details, Cash will be credited to the GovCash account by 21 August 2024. This amount can be managed and withdrawn using any OCBC ATM nationwide

If your bank account details, contact information, or property ownership status have changed since your last registration, please update them before April 2024.

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