Is a $700 GST Voucher Coming in June 2025? What We Know So Far

In an effort to provide financial relief to Singapore’s citizens, especially in the face of rising living costs, the government has announced a significant $700 GST Voucher (GSTV) payout scheduled for December 2025. This cash benefit is part of a larger suite of initiatives aimed at easing the burden of the Goods and Services Tax (GST) increase on lower- and middle-income households. Although the payout is set for December, many are curious about how it fits into the broader framework of Singapore June payouts and what other cash benefits are on the horizon.

Here’s a detailed overview of what we know so far about the Singapore June payouts, the eligibility criteria for the $700 GST Voucher, the payment methods, and other government initiatives that will provide much-needed financial relief to citizens.

Is a $700 GST Voucher Coming in June 2025?

The $700 GST Voucher is part of Singapore’s ongoing financial support efforts under the broader Assurance Package. This package is designed to mitigate the effects of the GST rate hike, particularly for lower- and middle-income households. The $700 payout is expected to serve as one of the key cash benefits for eligible citizens, alongside other measures like utility rebates and MediSave top-ups.

While the official disbursement date is set for December 2025, many are already speculating whether it will tie in with other Singapore June payouts, which are typically aligned with the government’s fiscal calendar and annual benefits distribution schedule. The purpose of these payouts is clear: to ease financial pressure and support everyday Singaporeans.

Eligibility Criteria

To qualify for the $700 GST Voucher, the applicant must meet the following conditions:

• Age: Applicants must be at least 21 years old by December 2025. This ensures that the payout targets individuals who are adults and financially independent.

• Citizenship: Only Singaporean citizens are eligible for this cash benefit. Permanent Residents or foreign workers are excluded from this initiative.

• Income: The individual’s Annual Assessable Income (AI) must not exceed S$34,000 for the Year of Assessment 2024. This ensures that the payout is directed towards those who need it most—those with lower or moderate incomes.

• Property Ownership: To qualify, applicants must own no more than one property. Additionally, the Annual Value (AV) of their property must be S$21,000 or lower. The AV represents a property’s potential rental income, which serves as an indicator of the owner’s financial standing.

Disbursement Details

The $700 GST Voucher will be distributed in December 2025, but recipients should expect notifications well in advance. SMS and email notifications will be sent out to inform eligible individuals of the exact disbursement date.

Payment Methods

To ensure a seamless and efficient transfer of funds, the government has provided several options for receiving the $700 payout:

• PayNow-NRIC: Those who have linked their NRIC to PayNow will receive the payout directly into their bank account. This method is both fast and secure, ensuring that citizens get their funds promptly.

• Direct Bank Credit: If you have previously provided your bank account details, the payout will be deposited automatically into your account. This method requires no action on your part.

• Cheque Collection: For individuals without a registered bank account, the payout will be made available in cheque form, which can be collected from designated government offices.

How to Prepare

To ensure that you receive your $700 GST Voucher without delays, it is advisable to verify and update your banking details before November 30, 2025. This ensures that if you’re eligible for this cash benefit, the government will have the correct information to process your payment efficiently.

Additional Support Measures

In addition to the $700 GST Voucher, the Singapore government has rolled out several other initiatives as part of its overall support package. These include:

• MediSave Top-Up: Singaporeans aged 20 and below or 55 and above will receive a S$150 top-up to their MediSave accounts in February 2025. This initiative helps alleviate the cost of healthcare for citizens in these age groups.

• Cost-of-Living Special Payment: Eligible citizens aged 21 and above, with an annual income of S$100,000 or less and owning one or no properties, will receive up to S$100 in December 2025.

• U-Save Utility Rebates: Households in HDB flats will receive quarterly rebates on their utility bills, with the amount varying depending on the type of flat. This aims to help reduce the rising costs of utilities for citizens.

These initiatives, in combination with the $700 GST Voucher, form a comprehensive package of cash benefits aimed at improving the financial well-being of Singaporeans across different demographics.

Frequently Asked Questions (FAQs)

Who qualifies for the $700 GST Voucher payout?

To qualify for the $700 GST Voucher, you must be a Singapore citizen aged 21 or older with an annual Assessable Income of S$34,000 or less. You must also own no more than one property, and the property’s Annual Value must be S$21,000 or less.

When will the payout be made?

The $700 payout will be made in December 2025. Eligible individuals will receive notifications via SMS or email beforehand.

How will I receive the payout?

The payout will be made either through PayNow-NRIC or direct bank credit. If you don’t have a registered bank account, you can collect a cheque from a designated government office.

Do I need to apply for the payout?

No, you do not need to apply for the $700 GST Voucher. If you meet the eligibility criteria, the payout will be made automatically.

What should I do if I don’t receive the payout?

If you do not receive the $700 payout by February 2026, you should contact the government helpdesk to resolve any issues related to your payout.

Click here to learn more