Are You on the List? Find Out If You’re Getting the May 2025 GST Voucher Payout! The government of Singapore has announced a major update regarding the Goods and Services Tax (GST) Voucher Scheme. This payment will be distributed to eligible individuals who are facing an economic crisis and are unable to fulfill their basic necessities. The government has announced this relief payment because of inflation and a rise in the cost of living. To know more about the topic, Are You on the List? Find Out If You’re Getting the May 2025 GST Voucher Payout! ” Read the complete article.
Are You on the List? Find Out If You’re Getting the May 2025 GST Voucher Payout!
The goods and services tax credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST that they apply. The permanent GST Voucher scheme was introduced by the government in Budget 2012 to help lower- and middle-income Singaporean households with their expenses, in particular what they pay in Goods and Services Tax (GST). This time the government decided to increase the payouts for eligible individuals to provide them a little more economic support.
The main objective of providing their vouchers is to assist individuals financially in affording essentials, such as food, energy bills, rent, and medical expenses. In 2025, the GST in Singapore remains at 8%, making it one of the most significant sources of government revenue. But this tax is quite a bit heavier for lower- and middle-income groups. The government launched this program to help individuals by reducing the tax burden. The changes in the payment of vouchers show a wider understanding of inflationary pressures and a more targeted approach to distributing financial support.
Eligibility Criteria—Are You on the List?
To be eligible for the payment, the individual needs to fulfill the eligibility criteria given below:
Citizenship and Residency: The individual must be a permanent and valid citizen of Singapore. The discipline to work and stay in Singapore is that they must have the visa for at least 3 years.
Age Requirement: The age of the individual must be more than 21 years by 2025.
Income Threshold: The income of the individual must not be more than the limit set by the government, as the payment is for low-income individuals only. He must have a 2024 assessable income of $34,000 or less.
Property Ownership and AV: The individual must have owned more than one property in Singapore. He must live in a property with an Annual Value (AV) of $31,000 or less, based on the 2024 assessment.
GST Voucher 2025 Payout Date
This year has brought good news for the citizens of Singapore. The payout for the GST Voucher in May 2025 will follow a staged schedule to ensure efficient and secure distribution. The payments will begin on April 1, 2025, allowing enough time for all eligible recipients to receive their funds within the month. Here are the expected distribution dates:
| Payment Method | Payment Date |
| PayNow linked to NRIC | From April 1, 2025 |
| Direct Bank Credit (non-PayNow) | By April 11, 2025 |
| GovCash via OCBC ATMs | By April 21, 2025 |
Payment Modes
There are three safe and efficient methods for the distribution of these payments:
PayNow: This method is the quickest and most used method. If your NRIC is linked to your PayNow account with a participating bank, the funds will be credited directly and swiftly. This streamlined process minimizes administrative delays and ensures prompt receipt of funds.
Direct Bank Transfers: For those who do not have their NRIC linked to PayNow but have provided updated bank account details to the government, the funds will be transferred directly to their bank accounts. It is imperative to make sure that your bank information is correct and current to avoid any deferred payments.
GovCash: For individuals who do not have a bank account and want payment in cash, payments will be processed through GovCash. This way usually involves collecting the funds from OCBC ATMs using the Singpass for verification. While a feasible option, it may involve more steps compared to direct digital transfers.
Components of the GST Voucher Scheme
The GST Voucher Scheme provides various components to help eligible households with low incomes. The components are as follows:
GSTV Cash: Annual cash payment based on income and property value.
U-Save: Quarterly rebates on utility bills for HDB households.
MediSave: Top-ups to the CPF accounts of senior citizens, helping with their healthcare needs.
S&CC Rebate: Rebates to compensate for service and conservancy charges (S&CC rebate) for eligible flats.