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AP Cash Special Payment. As part of the additional $1.1 billion Cost-of-Living Support Package announced in September 2023, eligible adult Singaporeans aged 21 years and above in 2024 will receive one-off special payment of up to $200, depending on his/her income and property ownership, in December 2023.
Assurance Package. The Assurance Package comprises cash, rebates, top-ups and CDC vouchers to help lower- and middle-income Singaporeans and households cushion the GST increase. Read More. GST Voucher.
The Assurance Package is on top of the permanent GST Voucher (GSTV) scheme introduced by the Government in Budget 2012 to help lower- and middle-income Singaporean households defray their GST expenses, i.e. what they pay in GST.
Jun 25, 2024 · Assurance Package (AP) Cash $700 to $2,250 cash payouts over 5 years from 2022 to 2026 for adult Singapore Citizens aged 21 and above, residing in Singapore, based on Assessable Income and number of properties owned.
• As part of the Assurance Package for GST, all Singaporean households will receive two tranches of CDC Vouchers worth $200 each in 2023 and 2024 to further cushion the impact of the GST rate increase for all Singaporeans.
$6 BILLION ASSURANCE PACKAGE FOR GST. Lower- and middle-income households buffered from increase for 10 and 5 years respectively, no matter when GST is raised. WHAT IS THE ASSURANCE PACKAGE FOR GST? • $6 billion set aside to cushion the impact when the GST rate is raised.
Aug 30, 2023 · Around 850,000 lower-income Singapore citizens aged 55 years and above will receive the Assurance Package Seniors’ Bonus of S$200 (US$150) to S$300, said the Ministry of Finance on Monday (Jan...
Jan 31, 2023 · The Assurance Package for GST comprises: – Assurance Package Cash (AP Cash) – Assurance Package MediSave, – GSTV – Cash (Seniors’ Bonus) – Additional GSTV – U-Save rebates, and. – Community Development Council (CDC) Vouchers.
Jun 25, 2024 · Assurance Package (AP) Seniors' Bonus. $600 to $900 cash payouts over 3 years from 2023 to 2025 for eligible Singapore Citizens aged 55 and above. SCHEME HIGHLIGHTS. $600 to $900 cash payouts to eligible Singapore Citizens aged 55 and above. Payouts will be disbursed in February over 3 years, from 2023 to 2025.
Nov 15, 2022 · SINGAPORE - There will be a $1.4 billion boost to the support package for households to offset the impact of the upcoming goods and services tax (GST) hike, given higher inflation, Deputy Prime...