Over 1.5m to get up to $850 in GSTV cash; MediSave top-ups for 690,000 seniors

More than 1.5 million eligible Singaporean adults will receive up to $850 cash via the GST Voucher scheme, and about 690,000 seniors will receive up to $450 in MediSave top-ups in August.

- Gabrielle Andres

They will receive $850 in cash if they are 21 or older in 2025, have an assessable income of up to $39,000 in the latest assessment year, and own at most one property whose annual value is up to $21,000 in 2024.

Those who meet this same age and income criteria but whose property's annual value is over $21,000 but no more than $31,000 will get $450 instead.

Singaporeans who own more than one property are not eligible for the payout.

Eligible recipients will automatically receive their payments via PayNow from Aug 6 if they have previously linked their NRIC to PayNow via their bank, the Ministry of Finance (MOF) said in a press release on July 7.

Those who opted for Giro will receive their payments from Aug 15, while those who chose GovCash will get theirs from Aug 22.