About 950,000 Singaporean households living in Housing Board flats will receive their quarterly U-Save Goods and Services Tax (GST) Voucher and service and conservancy charges (S&CC) rebate in April, according to the Ministry of Finance (MOF).
The payments are part of the enhanced permanent GST Voucher scheme and Household Support Package announced at Budget 2023 to help Singaporeans tide over higher inflation and cushion the impact of the GST rate increase.
The total U-Save vouchers each eligible household will receive in the 2023 financial year starting in April range from S$440 to S$760, depending on the flat type. This amount is the same as in FY2022, which is double the households’ regular U-Save vouchers.
The rebate for S&CC, which are fees for estate maintenance, ranges from 1.5 months to 3.5 months.
These payouts are designed to help lower- and middle-income Singaporeans and will be credited directly into households’ S&CC accounts managed by their respective town councils.
This financial year’s S&CC and U-Save payouts amount to eight to 10 months’ worth of utilities bills for the average household living in a one- or two-room HDB flat, and about four to six months’ worth of utilities bills for the average household living in a three- or four-room flat, MOF said.
The first payout in April will range from S$55 to S$95 for the U-Save vouchers and 0.5 or one month for the S&CC rebate.
The payouts will be given in four tranches – in April, July, and October this year, and January 2024.
Featured Image Credit: Mr Brown
