Singapore-based financial blog that aims to educate people on personal finance, investments, retirement and their Central Provident Fund (CPF) matters.

Thursday, 23 February 2017

Singapore Budget 2017 - U-SAVE GST Vouchers

Announced on the 20th February 2017's Singapore Budget, Singaporeans will receive their annual U-SAVE GST vouchers for year 2017.
The U-SAVE GST Voucher is used to help households reduce their utility bills.
This year, there will be an increase in the U-SAVE Vouchers to help families cope with their utility bills that are set to rise.
The amount will increase by $40-$120, depending on flat type.
This increase is permanent (next year, you can expect to get the same amount of U-SAVE you get this year if you are still staying in your current flat).

Recommended Post: Singapore Retirement, Re-Employment, CPF Withdrawal Age

The amount of rebate is as per below:

The months of rebates are as per below:

So, your household will receive the appropriate rebates during the stated months above.

1) If you own more than 1 property, you do not qualify for the U-SAVE GST Voucher.
2) If you are staying in private residences, you do not qualify for U-SAVE GST Voucher as well.

Recommended Post: Singapore Budget 2017 - GST Vouchers

Remember to offer your opinions. If you don't put your two cents in, how can you expect to get change?

Have a feedback? Tell us now!
Subscribe to us or
Share this :

1 comment: