The GST Voucher – U-Save rebate will be increased from July onwards to help households offset the hike in water prices. (Photo: Cheryl Marie Tay)
About 880,000 Singaporean households living in HDB flats will receive the next instalment of the GST Voucher – Utilities-Save (U-Save) rebate this month, announced the Ministry of Finance on Monday (3 April).
Depending on their HDB flat type, each eligible Singaporean household will receive a rebate of up to $65.
The GST Voucher – U-Save is one of three components under the permanent GST Voucher scheme. Expected to cost $190 million annually, the quarterly U-Save rebate helps HDB households offset part of their utility bills, effectively lowering overall household expenses.
“Annually, the permanent GST Voucher – U-Save scheme has enabled households in one- and two-room HDB flats to receive support which is equivalent to about three to four months of their utilities bills on average,” said the ministry.
“Those living in three- and four-room HDB flats receive support equivalent to about one to two months of their utilities bills.”
In addition, the ministry revealed that there will be a permanent increase of $40 to $120 to the annual GST Voucher – U-Save rebate from July 2017 onwards. Announced during Budget 2017, the increase aims to help households offset the hike in water prices.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
