900,000 Singapore Households To Receive GST Voucher Rebates In July
The rebate amount is dependent on your HDB size.
About 900,000 Singaporean households will be receiving the next instalment of the GST Voucher Rebates – Utilities-Save (U-Save) in July.
The rebate was announced earlier this year during Budget 2018. The rebate is part of the permanent GST Voucher scheme, is distributed every three months. It helps HDB households offset part of their utilities bills and lower overall household expenses.
In July, eligible households will each receive a GST Voucher – U-Save of up to S$95 depending on their HDB flat type.
Here’s how much you might receive in your GST voucher rebates based on your HDB size:
Also announced in Budget 2018, eligible households will receive an additional S$20 per year (S$5 per quarter) from 2019 to 2021.
“This will help households adjust to the carbon tax when it is implemented from 2019. The increase in U-Save will cover the expected average increase in electricity and gas expenses for HDB households arising from the introduction of the carbon tax,” the Ministry of Finance said in a press release.
When introduced in 2019, the carbon tax will be set at S$5 per tonne of greenhouse gas emissions until 2023.
The carbon tax rate will be reviewed by the government by 2023, with plans to increase it to between S$10 and S$15 per tonne of emissions by 2030.
For households, the impact of the carbon tax will be small, at “about 1 per cent of total electricity and gas expenses on average”, Finance Minister Heng Swee Keat said.
But the GST voucher rebates will cover the expected average increase in electricity and gas expenses arising from the carbon tax, Heng said.
Though the amount may seem little, some netizens have voiced out their appreciation for this.
However, others were not so receptive towards this move.
Well, all we have to say is, it’s still money!
What are your thoughts on the GST voucher rebates to help alleviate household expenses? Let us know your thoughts in the comments.
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