GSTV 2025: $850 Cash, $450 MediSave for Singaporeans this August

In a significant move to ease the cost of living for Singaporeans, the government will disburse up to $850 in GST Vouchers (GSTV – Cash) and up to $450 in MediSave top-ups to eligible citizens starting August 2025.

These payouts are part of the permanent GST Voucher scheme, with enhanced eligibility thresholds and streamlined payment processes. Below is an outline of the key details, eligibility criteria, and steps to ensure you receive your benefits.

Overview of August 2025 Disbursements

GSTV – Cash

Over 1.5 million adult Singaporeans are eligible for this programme. Recipients can receive up to $850, depending on their Assessable Income (AI) for YA2024 and the Annual Value (AV) of their home.

A key policy change is that the AI threshold for GSTV – Cash has been increased from $34,000 to $39,000. This change will take effect in August 2025.

• PayNow-NRIC: From 6 August 2025
• GIRO: From 15 August 2025
• GovCash: From 22 August 2025

GSTV – MediSave

Approximately 690,000 Singaporean seniors aged 65 and above are eligible for this programme. The amount ranges from $150 to $450, depending on their age and the Annual Value (AV) of their home.

Eligibility: Singaporeans aged 65 and above in 2025, owning 0 to 1 property

Total Disbursement

$1.5 billion allocated under GSTV – Cash and GSTV – MediSave schemes for FY2025.

Other Eligibility Criteria

Payment Timeline and Methods

Automatic Payments

• Payments begin on 6 August 2025 for those already signed up.
• Notifications will be sent via SMS (from “gov.sg”) or letter (if no Singpass-registered mobile number).

Sign-Up Process

• Sign-Up Deadline for August 2025 Payment: 13 July 2025.
• Late Sign-Ups (14 July 2025 to 20 June 2026): Payments processed within 2 months.
• Sign up at govbenefits.gov.sg using Singpass.

Modes of Payment

1. PayNow-NRIC:
   • Primary mode since 2021.
   • Encouraged to link by 27 July 2025.
   • Payment date: From 6 August 2025.
2. GIRO via DBS/POSB, OCBC, UOB:
   • Provide bank account info at govbenefits.gov.sg by 28 July 2025.
   • Payment date: From 15 August 2025.
3. GovCash (Fallback Option):
   • Withdraw at OCBC ATMs using:
     • PRN (available from 22 August 2025 via govbenefits.gov.sg),
     • NRIC number,
     • Facial verification.
   • No OCBC account required.
   • Can also use the LifeSG app for merchant payments or transfer via PayNow-NRIC upon future registration.

Participating Banks for PayNow-NRIC

The following banks support PayNow-NRIC for seamless disbursements:

1. Bank of China
2. CIMB, Citibank
3. DBS Bank/POSB
4. GXS Bank
5. HL Bank
6. HSBC Bank
7. ICBC
8. MariBank
9. Maybank
10. OCBC Bank
11. RHB Bank
12. Standard Chartered Bank
13. State Bank of India
14. Trust Bank, and
15. UOB Bank.

Key Restrictions and Scam Advisory

Eligibility Restrictions

• GSTV – Cash: Not eligible if owning more than one property.
• GSTV – MediSave: Not eligible if owning more than one property.

Scam Advisory

• Official notifications will come via SMS (from “gov.sg”) or letter.
• No personal information or banking details will be requested in SMS.
• Report suspicious messages to the 24/7 ScamShield Helpline at 1799.

How to Ensure You Receive Your Benefits

Step-by-Step Guide

1. Check Eligibility:
   • Verify your Assessable Income (AI) and Annual Value (AV) thresholds.
   • Ensure you do not own more than one property.
2. Sign Up Early:
   • Visit govbenefits.gov.sg and sign up by 13 July 2025 for August payments.
3. Link PayNow-NRIC:
   • Link your NRIC to PayNow by 27 July 2025 for faster disbursement.
4. Monitor Notifications:
   • Watch for official updates via SMS or letter.
5. Withdraw Fallback Payments (if applicable):
   • Use GovCash at OCBC ATMs with your PRN, NRIC, and facial verification.

Why This Matters

The GSTV – Cash payouts provide direct financial relief to lower- and middle-income Singaporeans. This assistance helps offset daily living expenses.

For seniors, MediSave top-ups offer additional funds for healthcare needs, reducing out-of-pocket medical costs.

The government enhances accessibility by expanding the AI threshold and offering multiple payment modes, ensuring broader access to these critical benefits.

The upcoming GST Voucher disbursements in August 2025 underscore the government’s commitment to supporting Singaporeans amid rising living costs.

With clear eligibility criteria, flexible payment options, and enhanced accessibility, these measures aim to provide meaningful relief to households and seniors alike.

Fast Facts:

• Over 1.5 million adults eligible for up to $850 in GSTV – Cash.
• Approximately 690,000 seniors eligible for up to $450 in MediSave top-ups.
• AI threshold increased to $39,000 for GSTV – Cash.
• Payments via PayNow-NRIC, GIRO, or GovCash.
• Sign-up deadline: 13 July 2025 for August payments.

Let us know what you think about this topic, and what do you want to hear next.

Reference:

• MOF, "Over 1.5 million adult Singaporeans to receive up to $850 in GSTV – Cash and 690,000 Singaporean seniors to receive up to $450 MediSave top-up in August 2025"

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