Latest news with #cashpayouts
Independent Singapore
08-07-2025
- Business
- Independent Singapore
Eligible Singaporeans to receive up to S$850 in GST Voucher cash payouts from Aug 6 and up to S$450 in MediSave top-ups from Aug 11
Photo: Depositphotos/Mizkit SINGAPORE: From Aug 6, more than 1.5 million eligible adult Singaporeans will receive up to S$850 in cash payouts, depending on their assessable income for the Year of Assessment 2024 and the annual value of their home. About 690,000 seniors will also receive up to S$450 in MediSave top-ups from Aug 11 as part of the Goods and Services Tax Voucher (GSTV) scheme, the Ministry of Finance (MOF) said on Monday (Jul 7). As 'the incomes of lower- and middle-income Singaporeans have improved,' the assessable income threshold for GSTV – Cash will be raised from S$34,000 to S$39,000 starting this August, the ministry said. GSTV – Cash Payouts Eligible adult Singaporeans will receive: S$850 if they live in homes with annual values of S$21,000 or below S$450 if they live in homes with annual values between S$21,000 and S$31,000 Cash payouts will be disbursed from Aug 6 for PayNow-NRIC, Aug 15 for GIRO, and Aug 22 for those receiving the payouts through GovCash. GSTV – MediSave top-ups Eligible seniors will receive the following amounts from Aug 11 based on their age and the annual value of their homes: Aged 65 to 74: S$250 if they live in homes with annual values of S$21,000 or below S$150 if they live in homes with annual values between S$21,000 and S$31,000 Aged 75 to 84: S$350 if they live in homes with annual values of S$21,000 or below S$250 if they live in homes with annual values between S$21,000 and S$31,000 Aged 85 and above: S$450 if they live in homes with annual values of S$21,000 or below S$350 if they live in homes with annual values between S$21,000 and S$31,000 Singaporeans who own more than one property are not eligible for the cash payouts and MediSave top-ups. Eligible recipients who have signed up for the GSTV – Cash and MediSave will automatically receive their payments and be notified via SMS once the money has been credited. Those without a Singpass-registered mobile number will receive a letter at the address listed on their Singapore identity card. Citizens can check their eligibility and sign up for the benefits at using their SingPass. Those who sign up by Jul 13 will receive their GSTV – Cash or MediSave top-ups in August. However, for sign-ups made from Jul 14 to Jun 20, 2026, they will get their cash payouts and MediSave top-ups within the next two months after signing up. 'Lower- to middle-income Singaporeans and households have been receiving help to defray their GST and daily expenses through the permanent GSTV Scheme,' said MOF. About S$1.5 billion will be disbursed under this year's GSTV exercise, on top of other support measures Singaporeans will receive in FY2025. /TISG Read also: S$500 in Child LifeSG Credits, Edusave, and PSEA top-ups to be disbursed from today; some Singaporeans already received credits Featured image by Depositphotos (for illustration purposes only) () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
CNA
07-07-2025
- Business
- CNA
1.5 million Singaporeans to receive GST Voucher cash payouts in August; income threshold for scheme raised
SINGAPORE: More than 1.5 million Singaporeans will receive up to S$850 (US$670) in cash payouts as part of the Goods and Services Tax Voucher (GSTV) scheme next month, the Ministry of Finance said on Monday (Jul 7). The assessable income threshold for GSTV – Cash payouts will also be raised from S$34,000 to S$39,000 'as the incomes of lower- and middle-income Singaporeans have improved', MOF said in a media release. This will 'maintain the coverage of the scheme', the ministry added. At the same time, about 690,000 eligible Singaporean seniors will also receive up to S$450 in MediSave top-ups as part of GSTV – MediSave. Eligible recipients will automatically receive their payments from Aug 6 if they have signed up for GSTV – Cash and GSTV – MediSave previously. They will be notified via SMS or a letter when their benefits have been credited. A total of S$1.5 billion will be disbursed in this GSTV exercise, MOF said.
RNZ News
09-06-2025
- Business
- RNZ News
CNMI Senate president proposes amendment to allow cash dividends for indigenous voters
Saipan in the Northern Marianas. Photo: Supplied Senate president Dennis James Mendiola has introduced a legislative initiative that could result in direct cash payouts to registered voters of Northern Marianas descent. He proposes what he described as a long-overdue return on investment from public land revenues. Senate Legislative Initiative No. 24-01 seeks to amend the CNMI Constitution to authorize the distribution of monetary dividends to registered Northern Marianas descent (NMD) voters, from earnings generated by the Marianas Public Land Trust (MLPT), which manages funds derived from the lease of public lands. "This is just the start of the conversation," Mendiola said in an interview. "For years, we've said public lands belong to NMDs. But outside of constitutional protections, there's been no direct economic return. This initiative changes that." To be eligible, recipients must be both of Northern Marianas descent and registered voters - a dual requirement Mendiola said was intentional to encourage civic participation and ensure a fair and transparent process. "We want the beneficiaries themselves to vote on it," he said. The initiative proposes the creation of a Northern Marianas descent dividend program, beginning with a one-time distribution of US$30 million to $50 million from the land trust's investment corpus. Future distributions would occur every ten years and be subject to legislative appropriation, in coordination with the land trust and the Commonwealth Election Commission. Mendiola emphasized that the payout mechanism is designed to be sustainable. MPLT currently generates roughly US$3 million to $3.5 million annually in investment income, and the proposed 10-year cycle would allow time to replenish the fund before the next disbursement. "This is not a one-and-done deal," he said. "We've built in the timeline so the trust remains solvent and continues to grow." Because the proposal seeks to amend the CNMI Constitution, the measure must go through a multi-step process. First, it will be referred to the appropriate Senate committee, which will schedule public hearings on Saipan, Tinian, and Rota. If cleared by the committee, it returns to the Senate floor for a vote. To move forward, the initiative must be approved by three-fourths of the members in both the Senate and the House of Representatives. Commonwealth Election Commission. Photo: RNZ Pacific / Mark Rabago If it garners that level of legislative support, the proposed amendment is then forwarded to the Commonwealth Election Commission, which will place it on the ballot for a public vote during the next general election or a special election. Only if a majority of voters approve the measure will it become part of the CNMI Constitution and carry the force of law. While many residents welcomed the news on social media, some expressed skepticism. Critics questioned the long-term sustainability of the plan and raised concerns that the initiative may draw legal challenges over discrimination. "I refuse to sit back and keep worrying about theoretical lawsuits," Mendiola responded. "The Constitution is clear - MPLT funds exist for NMDs. If challenged, maybe this will finally bring clarity on the scope of protections under our covenant." He added that estimates of how much an individual could receive under the proposal vary depending on the final list of eligible recipients. Preliminary figures suggest dividends could range from $1,000 to $2,000 per person in the first round. "This isn't about politics - it's about economic justice," Mendiola said. "Our people are struggling. This puts money back into homes and boosts the local economy." The Senate President urged the NMD community to take part in the public input process as the proposal moves through the legislative pipeline. "Whether you support it or not, I encourage everyone to come out, ask questions, and help shape what could be a historic shift in how we recognize and reward our indigenous landowners," he said.
