Personal Finance
GST Voucher 2022: Everything You Need To Know Plus The Amount You’ll Get
By ValueChampion  •  November 19, 2022
Eligible Singaporeans will receive up to S$700 worth of vouchers this December from the Singapore government to offset the upcoming GST hike and rising costs of living. The vouchers payable in December would come in two parts – the Assurance Package Vouchers and the Cost of Living (COL) vouchers. This would be the first round of GST vouchers that Singaporeans will receive in the coming months. Here's everything you need to know, simplified for you. Vouchers To Be Paid Out In December 2022 Assurance Package Vouchers In Budget 2020, the Singapore government announced a S$6 billion Assurance Package (AP) to cushion the effects of the upcoming increase in GST. They have since enhanced the package with an additional S$640 million worth of vouchers, which would be distributed to about 2.8 million adult Singaporeans. The payouts will be distributed over 5 years, with the first payment being dispersed in December 2022. Cost of Living Special Payment In October 2022,...
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?

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