YEAH…..  I am getting $200 for nothing….. Anyway, I always contribute to the economies mah… Duh….

GST Credits Overview

GST Credits will help Singaporeans with the impact of the GST increase. All adult Singaporeans will receive GST Credits over 4 years. Those who earn less or live in smaller homes will receive more GST Credits.

Who can receive GST Credits?

To receive GST Credits, you must:

• Be a living Singapore citizen;
• Be aged 21 or above in the year of payout; and
• Sign up by 31 December of the year of payout.*

*You only need to sign up once to receive your GST Credits for that year and subsequent years that you qualify.

How much GST Credits can I receive?

The amount of GST Credits you can receive each year depends on the following:

(i) The Annual Value of your home in the preceding year as assessed by IRAS (based on your NRIC address as of 31 December of the preceding year);

(ii) Your Assessable Income for the Year of Assessment preceding the year of payout (For the payout in 2007, Year of Assessment will be 2006 and the income earned in calendar year 2005 will be as assessed by IRAS); and

(iii) Your NS Status as of the year of payout.

NSFs/NSmen will receive an additional one-time allotment of $100 GST Credits.

Calendar of important dates

2008
May 2008	Singaporeans receive notification letters from the CPF Board informing them of their 2008 GST Credits and Senior Citizens’ Bonus.
15 May 2008	Singaporeans who have not signed up in 2007 can start to sign up through the website and hard copy forms.
15 June 2008	Deadline to sign up using hard copy sign-up forms to receive 1 July 2008 payout of GST Credits and Senior Citizens’ Bonus.
25 June 2008	Deadline to sign up using website to receive 1 July 2008 payout of GST Credits and Senior Citizens’ Bonus.
1 July 2008	Singaporeans who had signed up in 2007 and those who signed up by the above deadlines (15 and 25 June 2008) receive their 2008 GST Credits and Senior Citizens’ Bonus.
31 December 2008	Last day to sign up for 2008 GST Credits and Senior Citizens’ Bonus

2009
May 2009	Singaporeans receive notification letters from the CPF Board informing them of their 2009 GST Credits and Senior Citizens’ Bonus.
15 May 2009	Singaporeans who have not signed up in 2007-08 can start to sign up through the website and hard copy forms.
15 June 2009	Deadline to sign up using hard copy sign-up forms to receive 1 July 2009 payout of GST Credits and Senior Citizens’ Bonus.
25 June 2009	Deadline to sign up using website to receive 1 July 2009 payout of GST Credits and Senior Citizens’ Bonus.
1 July 2009	Singaporeans who had signed up in 2007-08 and those who signed up by the above deadlines (15 and 25 June 2009) receive their 2009 GST Credits and Senior Citizens’ Bonus.
31 December 2009	Last day to sign up for 2009 GST Credits and Senior Citizens’ Bonus

2010
May 2010	Singaporeans receive notification letters from the CPF Board informing them of their 2010 GST Credits and Senior Citizens’ Bonus.
15 May 2010	Singaporeans who have not signed up in 2007-09 can start to sign up through the website and hard copy forms.
15 June 2010	Deadline to sign up using hard copy sign-up forms to receive 1 July 2010 payout of GST Credits and Senior Citizens’ Bonus.
25 June 2010	Deadline to sign up using website to receive 1 July 2010 payout of GST Credits and Senior Citizens’ Bonus.
1 July 2010	Singaporeans who had signed up in 2007-09 and those who signed up by the above deadlines (15 and 25 June 2010) receive their 2010 GST Credits and Senior Citizens’ Bonus.
31 December 2010	Last day to sign up for 2010 GST Credits and Senior Citizens’ Bonus. Closure of GST Credits and Senior Citizens’ Bonus schemes.