GST Offset Package

Courtesy of www.gstoffset.gov.sg

Have you received your GST offset package letter recently? Are you aware that for anyone above 21 will have GST credit to recieve on this July 2010? If not, do take a look at this post to know more.


What is GST Offset Package?

The GST Offset Package is a set of comprehensive measures announced in Budget 2007 to help Singaporeans with the increase in GST, with more for lower-income Singaporeans. The GST Offset Package will cost the government $4 billion over 5 years. It includes among other schemes, the GST Credits, Senior Citizens' Bonus, U-Save rebates and Top-Ups to Post-Secondary Education Accounts schemes.

Singaporeans will be receiving the final payout for GST Credits and Senior Citizens’ Bonus on 1 Jul 2010. Singaporeans will also receive U-Save, Services & Conservancy Charges (S&CC) and rental rebates from the GST Offset Package.

Click here to know more
Click here for household benefits calculator
Click here for a guided tour on GST Offset Package