Singaporeans aged 21 and above in 2026 who have an assessable income of S$39,000 or less for the 2025 assessment year and own no more than one property will qualify for the payouts, according to the Ministry of Finance’s announcement on Thursday.
Eligible citizens will receive either S$850 or S$450 based on the annual value of their place of residence as of Dec. 31, 2025.
Those living in homes with an annual value of S$21,000 or below will receive the maximum payout while those in homes valued at more than S$21,000 and up to S$31,000 will receive the lower amount.
People walk across Jubilee Bridge at Marina Bay in Singapore, April 24 2023. Photo by AFP |
Around 710,000 eligible Singaporeans aged 65 and above in 2026 will also receive MediSave top-ups of S$150-450 based on their age and the annual value of their homes.
This will be credited automatically into recipients’ MediSave accounts. MediSave is the city-state’s national medical savings scheme that helps individuals save up for their healthcare needs in old age.
Eligible recipients who have already signed up for the schemes will automatically begin receiving their payments from Aug. 7.
Those who have yet to sign up can do so by July 14 to receive their payments in August, or between July 15, 2026, and June 20, 2027, to receive their cash payouts within two months of registering.
Introduced in 2012, the GSTV scheme is aimed at helping lower- and middle-income Singaporeans defray GST and daily living expenses.
A total of S$1.4 billion will be disbursed in this GSTV exercise, according to the ministry.
Comments are closed.