GSTV – Cash and MediSave
GST Voucher – Cash
To receive the GST Voucher (GSTV) – Cash in 2023, you must fulfil the following criteria:i. You must be a Singapore citizen, residing in Singapore;
ii. You must be aged 21 or above in 2023;
iii. Your Income Earned in 2021 as assessed by IRAS (Assessable Income (AI) for the Year of Assessment (YA) 2022) must not exceed $34,000;
iv. The Annual Value (AV) of your home (as indicated on your NRIC) as at 31 December 2022 must not exceed $21,000; and
v. You must not own more than one property
At Budget 2023, the Deputy Prime Minister and Minister for Finance, Mr Lawrence Wong, announced that the GSTV – Cash quantum will be increased by up to $300 in 2023, compared to the GSTV – Cash quantum in 2022.
Singaporeans Aged 21 Years and Above in 2023, Assessable Income up to $34,000 for YA2022 |
Annual Value of Home as at 31 December 2022 | |
|---|---|---|
| Up to $13,000 | More than $13,000, and up to $21,000 | |
| GSTV – Cash [To be paid from August 2023] |
$700 | $350 |
GST Voucher – MediSave
To receive the GSTV – MediSave in 2023, you must fulfil the following criteria:i. You must be a Singapore citizen, residing in Singapore;
ii. You must be aged 65 or above in 2023;
iii. The Annual Value (AV) of your home (as indicated on your NRIC) as at 31 December 2022 must not exceed $21,000; and
iv. You must not own more than one property
Age of Singaporean in 2023 |
Annual Value of Home as at 31 December 2022 | |
|---|---|---|
| Up to $13,000 | More than $13,000, and up to $21,000 | |
| 65 - 74 |
$250 | $150 |
| 75 - 84 |
$350 | $250 |
| 85 and above |
$450 | $350 |
You may login to the e-services to view your eligibility for 2023 GSTV – Cash and MediSave.
Common terms related to the GSTV's eligibility criteria
| Term(s) | Description |
|---|---|
| Assessable Income (AI) | Your AI includes all forms of income from trade, business,
profession or vocation, employment, as well as rental income that
is taxable. Based on the sample Notice of Assessment here: Income = $35,000 Donations = $5,000 Assessable income = $35,000 - $5,000 = $30,000 You may visit iras.gov.sg [log in to myTax Portal using your Singpass > Notices/Letters > Individual, select Year of Assessment 2022] to view your Notice of Assessment. |
| Annual Value (AV) | The AV is the estimated gross annual rent of the property if it were to be rented out. It is used to calculate the property tax of your
home. The AV can be found on the property tax bill that the
property owner receives each year. To find out your exact Annual Value (AV) of your property, you may refer to your property tax bill for Year 2023 at iras.gov.sg [log in to myTax Portal using your Singpass > Notices/Letters > Property, select the property address] . |
| Singapore Citizen | Those who hold foreign citizenship will not be eligible for the GSTV scheme, regardless of whether they simultaneously hold Singapore citizenship. Please approach the Immigration and Checkpoints Authority (ICA) to resolve your citizenship issues. |
