1.5 million Singaporeans to receive GSTV cash payouts in August

Around 1.5 million Singaporeans are set to receive financial assistance through the Goods and Services Tax Voucher (GSTV) scheme next month. The payouts, ranging up to S$850 (US$657), aim to help lower- and middle-income citizens offset their GST expenses.

To qualify for the cash payouts, individuals must be at least 21 years old in 2026 and have had an assessable income not exceeding S$39,000 in 2025. The exact amount depends on the annual value of their homes. Those with homes valued up to S$21,000 will receive the maximum S$850, while those in homes valued between S$21,000 and S$31,000 will get S$450.

In addition to the cash payouts, approximately 710,000 senior citizens will receive between S$150 and S$450 in Medisave top-ups. These funds will be automatically credited to their Central Provident Fund (CPF) MediSave accounts. The Ministry of Finance announced that a total of S$1.4 billion will be disbursed through this GSTV exercise, which was introduced in 2012.

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About 1.5 million Singaporeans will receive up to S$850 (US$657) in cash payouts as part of the Goods and Services Tax Voucher (GSTV) scheme next month.