In a welcome announcement for households across Singapore, the government has confirmed a new Goods and Services Tax (GST) payout of up to $700 as part of its Assurance Package for 2025.
This payout is part of the broader support measures aimed at helping Singaporeans cope with the rising cost of living and the impact of the GST hike to 9% introduced earlier this year. Here’s what residents need to know about the confirmed payout, including how much they can expect, who’s eligible, and how to receive it.
Why the $700 GST Payout is Being Given
The GST Voucher (GSTV) scheme and Assurance Package were designed to soften the impact of the GST increase, especially for lower- to middle-income households. The latest payout reaffirms the government’s commitment to provide meaningful relief. It reflects the rising inflationary pressures and ensures that vulnerable groups continue to receive adequate support amidst economic uncertainties.
How Much Will You Receive?
The amount you’ll receive depends on your income, the value of your property, and your age. Eligible Singaporeans will receive payouts ranging from $200 to $700, with the highest tier reserved for seniors aged 55 and above with lower income levels. Here’s a breakdown of the GST payout amounts based on the latest update:
| Annual Assessable Income | Age Group | Home Value (AV) | GST Payout Amount (2025) |
|---|---|---|---|
| Up to $34,000 | 21 – 54 | ≤ $13,000 | $450 |
| Up to $34,000 | 55 – 64 | ≤ $13,000 | $600 |
| Up to $34,000 | 65 and above | ≤ $13,000 | $700 |
| Above $34,000 | Any age | ≤ $21,000 | $250 – $350 |
| Above $34,000 | Any age | > $21,000 | Not eligible |
This payment will be disbursed in August 2025, and eligible recipients will be notified via SMS, Singpass, or official letters from the government.
Who Is Eligible?
To qualify for the 2025 GST payout, you must meet the following basic criteria:
- Be a Singapore citizen residing in Singapore
- Be aged 21 and above as of 2025
- Have an annual income below $100,000
- Own no more than one property
- Reside in a home with an Annual Value (AV) not exceeding $21,000
Those who exceed these limits, such as owning multiple properties or earning high incomes, will not qualify for this particular payout but may benefit from other support schemes.
How to Claim the GST Voucher
There’s no need to apply separately if you’re eligible. The Inland Revenue Authority of Singapore (IRAS) will automatically credit the funds into your registered bank account or send a notification if action is needed. You can check or update your bank details through gov.sg or the official MyInfo portal using Singpass.
Make sure your bank account is linked and verified in the system by July 31, 2025, to ensure timely payment.
Other Upcoming Support Measures
In addition to the GST payout, the Assurance Package also includes CDC vouchers, U-Save rebates, and Medisave top-ups to further cushion inflation for Singaporean households. More information will be released closer to the disbursement dates.