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Source:
www.mof.gov.sg |
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SINGAPOREANS WILL RECEIVE
$860 MILLION WORTH OF GST CREDITS, SENIOR CITIZENS' BONUS AND
REBATES IN FY2007; SIGN UP FOR GST CREDITS FROM 15 MAY 2007 |
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2.4 million Singaporeans will be eligible
for $650 million of GST Credits and Senior Citizens Bonus in 2007. |
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800,000 HDB households will also receive an
additional $210 million of Utilities-Save (U-Save), Service &
Conservancy Charges (S&CC) and rental rebates. |
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These are part of the $4 billion GST Offset
Package announced by the Second Minister for Finance Tharman
Shanmugaratnam in his 2007 Budget Statement to help Singaporeans with
the 2%-point increase in GST from 1 July 2007. |
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Singaporeans must sign up so as to receive
their GST Credits/Senior Citizens Bonus. Those who sign up promptly can
draw out the GST Credits in cash from 1 July 2007. |
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GST Credits and Senior Citizens¡¯ Bonus |
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2.3 million Singaporeans aged 21 and above
will get GST Credits of up to $1,000 over 4 years, or a maximum of $250
this year. NSFs and NSmen will get an extra $100 for their contributions
to national security. |
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671,000 Singaporeans aged 55 and
above, who have an annual income of $100,000 or less, will get an
additional Senior Citizens¡¯ Bonus of up to $1,000 over 4 years, or
a maximum of $250 this year. Two-thirds of the Senior Citizens¡¯
Bonus will be paid in cash and one-third credited to the CPF
Medisave Account. |
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Sign-Up Starts from 15 May 2007 |
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Eligible Singaporeans will receive a
letter from the CPF Board by 15 May 2007 on how much GST
Credits/Senior Citizens¡¯ Bonus they can receive and how to sign
up. |
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From 15 May 2007, Singaporeans can
sign up at any DBS/POSB/UOB/OCBC ATM or through the GST Offset
Package website at
www.gstoffset.gov.sg. They need to do so by 25 June 2007 to
get the GST Credits/Senior Citizens¡¯ Bonus if they would like to
receive these on 1 July 2007. |
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Those who do not have a bank account
can request for a cheque via
www.gstoffset.gov.sg, or fill up a form GST/1 available at any
SingPost office, Community Centre/Community Development Council or
CPF Service Centre. They must send the form to CPF Board by 15
June 2007 if they would like to receive their cheque on 1 July
2007. |
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Singaporeans only need to sign up once
to receive their GST Credits and Senior Citizens¡¯ Bonus for all 4
years from 2007 to 2010. Their eligibility for each year shall be
based on the Annual Value of their NRIC address as at 31 December
of the preceding year, and their annual Assessable Income in the
preceding year. |
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Those who wish to donate their GST
Credits to a charity of their choice can do so via the GST Offset
Package website which directly links them to the National Council
of Social Services¡¯ Online Donation Portal. |
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Helping Low-Income and Elderly
Singaporeans Sign Up |
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Low-income and older Singaporeans can
get help to sign up for their GST Credits/Senior Citizens¡¯ Bonus
at Help Desks set up in 101 Community Centres/Clubs[1]
islandwide from 15 to 27 May 2007. |
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The Ministry of Finance will be
working with MCYS, MOH, NCSS and the Singapore Prisons Service to
reach out to Singaporeans in welfare and nursing homes and
prisons. The Ministry will also support Voluntary Welfare
Organisations who are conducting their own sign-up efforts. |
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U-Save, S&CC and Rental Rebates |
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About 800,000 HDB households will get
U-Save, S&CC and rental rebates over 5 years. |
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In fiscal year 2007, they will receive
up to 4 months of S&CC rebates, 4 months of rental rebates and
$220 worth of U-Save rebates. |
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HDB will send notification letters by
end May 2007 to inform eligible households of the S&CC and rental
rebates they will receive starting from June 2007. SP Services
will notify households of the U-Save rebates they will receive in
their July 2007 bills. No sign-up is needed to qualify for these
rebates. |
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Public Enquiries |
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For more information on these
benefits, the public can visit
www.gstoffset.gov.sg or
call: |
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GST Credits and Senior Citizens¡¯
Bonus: CPFB at 1800-2222-888 |
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S&CC and Rental Rebates: HDB at
1800-2255-432 |
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U-Save Rebates SP Services at
1800-2222-333 |
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MINISTRY OF FINANCE
14 May 2007 |
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[1]
Help Desks will be set up at all Community Clubs/Centres except
for Bishan, Bukit Panjang & Choa Chu Kang Community Centres, which
are under renovation. |
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Source:
www.mof.gov.sg Mdia Release 14
May 2007 |
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Important
Notice |
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Our FrontPage
Editions are a historical record of our Web site and reflect
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FrontPage Edition: Tue 15 May 2007
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