SINGAPORE: Eligible Singaporeans will receive a S$700 payout from the government this December 2024 to help manage rising living costs, according to TSRTC Parcel.
The S$700 payout is part of the broader GST Voucher and Assurance Package scheme. These initiatives are designed to ease the financial burden on lower-income individuals and families.MediSave coupons that help with healthcare costs.The payout will also work alongside the Workfare Income Supplement , which provides extra support for those with modest incomes, helping to reduce the impact of the Goods and Services Tax on essential goods and services.
Eligible recipients will receive the S$700 payout through direct bank transfers or their preferred payment method. In addition to the S$700 payout, recipients may receive up to S$850 for living expenses.Those eligible will be notified via SMS if they have registered their phone number or by mail if they have not.Only own one residence with an Annual Value of S$21,000 or below.
Citizens living in public housing can also receive additional U-Save vouchers to help with utility bills. Eligibility for these benefits also depends on monthly earnings and household income, household size, and total household spending.
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