Singaporeans will have until the end of this month to sign up for their GST Credits 2009 and Senior Citizens’ Bonus.
Those who have not sign up for GST credit 2009 can do so through the internet at www.gstoffset.gov.sg, or fill up a form available at any Community Centre, Community Development Council or CPF Service Centre.
About GST Offset Package
n Budget 2007, it was announced that all adult Singaporean will get GST Credits of up to $1,000 over 4 years to help them with the impact of the GST increase.
Those who earn less or live in smaller homes will get more GST Credits. Nearly three-quarters of adult Singaporeans will get $800 each. NSFs and NSmen will also get a one-off $100 GST Credits to recognize their contributions to national security.
It was announced that lower-income elderly aged 55 and above, with an annual income of $100,000 or less, will also receive Senior Citizens’ Bonus of $200 to $1,000 over 4 years. This is to help them meet living expenses out of their savings. Two-thirds of the Senior Citizens’ Bonus will be given in cash and one-third credited to their Medisave Accounts.
As announced in Budget 2009, the Government will double the amount of GST Credits and Senior Citizens’ Bonus that Singaporeans will receive in 2009 to help them cope with living expenses during the current economic downturn. Singaporeans will receive the additional payout of GST Credits and Senior Citizens’ Bonus on 1 March 2009. The Services & Conservancy Charges (S&CC) and Rental Rebates will also be enhanced.
GST Offset Package