Two million Singaporeans will receive letters from the Government from Monday informing them of the benefits they will receive under Budget 2013, the Finance Ministry said yesterday.
These include GST Vouchers in the form of:
Cash payments of between $100 and $250 for citizens whose annual income is at most $24,000 and living in homes with an annual value of $21,000 and less.
Medisave payments of between $150 and $450 for citizens aged 65 and older living in homes with an annual value of $21,000 and less.
U-Save utility rebates of between $45 and $65 for HDB households.
A one-off extra payment of GST Vouchers for all three categories will also be given this year. For example, a Singaporean who receives $250 in GST Vouchers in cash payment will get another $250.
In addition, all Singaporeans aged 45 and older will get a $200 top-up to their Central Provident Fund Medisave accounts.
The vouchers and top-ups will help citizens and Singaporean households cope with the rise in the cost of living, the ministry said in its statement.
It also said that starting next month, the U-Save rebates will be given quarterly (July, October, January and April) instead of twice a year.
The amount given remains the same.
The vouchers and the one-off payment will cost the Government about $1.2 billion. People will automatically receive their GST Voucher payouts on Aug1.
Those who have not signed up for previous government payouts will need to do so by Dec31 in order to receive the latest payouts.