Latest News update about Gst Offset, GST Offset Payout 2010, GST Credits help Singaporeans with the impact of the GST increase. All adult Singaporeans receive GST Credits over 4 years. Those who earn less or live in smaller homes receive more GST Credits.
If you qualify, you will receive a letter from CPF Board in end-May this year informing you of the amount of GST Credits/Senior Citizens' Bonus you stand to receive in 2010. You will need to sign up once to receive the GST Credits/Senior Citizens' Bonus if you have not done so for previous years.
If you have not received your GST Offset Package notification letter, you may login to the GST Offset Package website (using your Singpass) to check your allotment and your sign-up status.
If you are eligible to receive GST Credits/SCB in 2010, you will receive a notification letter from CPFB in end May 2010 stating the amount of GST Credits/SCB that you will receive in 2010. You can also check online the amount of GST Credits/Senior Citizens' Bonus you receive at www.gstoffset.gov.sg from 31 May 2010.
Your payouts would be determined based on the AV of your home in 2007 if you have stayed in the same residence since then. If you newly qualify (i.e. new citizen or newly turned 21), your payouts would be determined based on the AV of your home in the preceding year if you stayed in the same residence.
If you have changed your address, the AV of your new home in the year of change would be applied in determining your payouts from the subsequent year onwards after the change is reflected in your NRIC. For instance, if your NRIC address is changed in 2009, the AV of your new home in 2009 would be used for your 2010 payout.
The final deadline for you to sign up for the 2010 GST Credits/Senior Citizens' Bonus payouts is 31 December 2010, but we encourage you to sign up early by 18 June 2010 so you can get your payment on 1 July 2010. read More
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