A new Household Support Package will provide some support to all families, with lower- to middle-income families receiving more, said Deputy Prime Minister Heng Swee Keat in his Budget 2021 speech today (Feb 16).
The package will include:
- Additional one-off GST Voucher – Cash Special Payment of $200 for all Singaporeans eligible for the GST Voucher – Cash
- Additional 50 per cent U-Save rebate over one year under a GST Voucher – U-Save Special Payment for eligible Housing Board flat households, amounting to between $120 and $200
- One-year extension of the service and conservancy charges (S&CC) rebate for all eligible HDB households. The rebates will offset between 1.5 and 3.5 months of S&CC fees
- Additional $200 top-up per child through the Child Development Account, Edusave Account or Post-Secondary Education Account for families with Singaporean children below age 21
All Singaporean households will also receive $100 worth of Community Development Council (CDC) Vouchers each, to be used at participating heartland shops and hawker centres, said Mr heng.
To fund this extra tranche of vouchers, the Government will provide an additional $150 million grant to CDCs.
Altogether, the Household Support Package will cost about $900 million.
Featured Image Credit: Bernama
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