GSTV – Cash and MediSave
GSTV – Cash and GSTV – MediSave
To receive the GST Voucher (GSTV) – Cash in 2022/2023, 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 2022/2023;
iii. Your Income Earned in 2020/2021 as assessed by IRAS (Assessable Income (AI) for the Year of Assessment (YA) 2021/2022) must not exceed $34,000;
iv. The Annual Value (AV) of your home (as indicated on your NRIC) as at 31 December 2021/2022 must not exceed $21,000; and
v. You must not own more than one property
2023 GSTV – Cash
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.
Income earned in 2021: $34,000 and below (Assessable Income for YA2022) |
Annual Value of Home as at 31 Dec 2022 | |
|---|---|---|
| Up to $13,000 | $13,001 to $21,000 | |
| GSTV – Cash [To be paid from August 2023] |
$700 | $350 |
2022 GSTV – Cash
The Deputy Prime Minister and Minister for Finance, Mr Lawrence Wong, announced on 21 June 2022 that GSTV – Cash recipients will receive a GSTV – Cash Special Payment of up to $300, on top of the regular GSTV – Cash in 2022.
Income earned in 2020: $34,000 and below (Assessable Income for YA2021) |
Annual Value of Home as at 31 Dec 2021 | |
|---|---|---|
| Up to $13,000 | $13,001 to $21,000 | |
| GSTV – Cash [To be paid from August 2022] |
$400 | $250 |
| GSTV – Cash Special Payment [To be paid from August 2022] |
$300 | $100 |
To receive the GSTV – MediSave in 2022/2023, 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 2022/2023;
iii. The Annual Value (AV) of your home (as indicated on your NRIC) as at 31 December 2021/2022 must not exceed $21,000; and
iv. You must not own more than one property
Age in 2022/2023 |
Annual Value of Home as at 31 Dec 2021/2022 | |
|---|---|---|
| Up to $13,000 | $13,001 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 2022 GSTV – Cash and MediSave.
Eligibility for the 2023 GSTV – Cash and MediSave will be made available on the e-services at a later date.
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. Your AI can be found on your tax bill (or Notice of Assessment) that you receive each year if you are required to pay taxes. You may visit iras.gov.sg [log in to myTax Portal using your Singpass > Notices/Letters > Individual, select Year of Assessment 2021] 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 2022/2023 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. |