Eligible S’poreans To Receive $300 GST Vouchers In Aug 2020, Will Know By 3 July

Are you stressed out at the cost of living in Singapore?

Are you suffering from a lack of savings as you endure your 4th month of paycut?

Did you earn less than $28,000 last year?

If you answer yes to the first two questions but no to the last one, then you can swipe the back button, because there’s nothing for you here.

But if you happen to say a resounding yes to all three (actually, just a “yes” to question 3 will do), I’ve got great news for you.

Eligible S’poreans To Receive $300 GST Vouchers In Aug 2020, Will Know By 3 July

According to The Straits Times, 1.4 million Singaporeans, aged 21 and above, will be eligible for a GST payout of $300 in Aug 2020.

Eligible Singaporeans will be notified either via text messages or letters by 3 Jul 2020, the Ministry of Finance says.

The money will be credited directly into their bank accounts (if they’ve provided the government with their details) on 1 Aug 2020.

For those who did not highlight any bank accounts for government payouts, you’ll get a cheque by 17 Aug 2020.

Eligibility

In order to qualify for the payout, you must:

• have an assessable income not exceeding $28,000 for FY2019
• not own more than one property

You’ll receive either $150 or $300 based on your home’s annual value as at 31 Dec 2019.

For those who want to link their bank accounts (because it’s a difference of 2 weeks, people), you can do so at their website by 22 Jul 2020.

For those who want to check if they are eligible, you can log in with your SingPass at the GST Voucher website.

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Medisave Top-Ups

Another 545,000 Singaporeans, aged 65 and above, will get GST vouchers in the form of Medisave top-ups on 1 Aug 2020.

The Medi-save top-ups will range between $150 to $450, depending on the recipients’ age and the annual value of their home.

What If I Lost My Job Or Have An Income Loss This Year?

Now, if you notice the criteria, it says for FY2019.

That means if you were working at a job with a monthly salary of S$2,400 until early this year and Covid-19 strikes like PAP’s lightning bolt, you don’t qualify.

Don’t worry, though, because there is plenty of help out there for you to apply from: whether it be the Covid-19 Support Grant, the SG United Jobs and Skills package or the SIRS scheme.

Just make sure you’re really in need or you might just end up like these two dudes.

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