U-Save rebates are disbursed every three months to help households offset part of their utilities and lower their overall expenses.
About 930,000 Singaporean households living in HDB flats will receive their GST Voucher – U-Save rebates this month, announced the Ministry of Finance (MOF) on Thursday (2 January).
A part of the permanent GST Voucher scheme, the U-Save rebates are disbursed every three months to help households offset part of their utilities and lower their overall expenses.
|HDB Type||Rebate to be received in Apr 2019||Rebate to be received in Jul 2019||Rebate to be received in Oct 2019||Rebate to be received in Jan 2020||Total Annual Rebate|
|1- and 2-Room||$100||$100||$100||$100||$400|
Eligible households will receive U-Save rebates of up to $100 in January, depending on the type of their HDB flat.
Those living in one- and two-room flats will receive $100, while those in three-room flats will get $90.
Households in four-room flats will get $80 and those living in five-room flats will receive $70.
Families living in executive or multi-generation flats will receive $60.
However, households whose members “own more than one property are not eligible for the GST Voucher – U-Save”, said the ministry.
It added that up to $300 million in U-Save rebates are expected to be given out from 1 April 2019 to 31 March 2020.
Under the Open Electricity Market, Singaporean households “will continue to receive U-Save rebates regardless of their electricity provider”.
MOF noted that households living in one- and two-room HDB flats receive U-Save rebates equivalent to around three to four months of their utility bills on average.
Meanwhile, the support received by those living in three- and four-room HDB flats is equivalent to around one to two months of their utility bills.
“The Government will continue to explore ways to help Singaporeans with their cost of living, especially in this period of economic uncertainty,” assured Indranee Rajah, Minister in the Prime Minister’s Office and Second Minister for Finance and Education.
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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email firstname.lastname@example.org