Singapore Government will be distributing $700 million to 2.8 million eligible Singaporean by December.
If you are 21 years old and above on Dec 31, you will be receiving $100 to $300 depending on your income and how many property you own. Those with an assessable income of $28,000 and below in 2017 will get $300; $200 goes to people earning $28,001 to $100,000; and $100 for those earning more than $100,000 or who own more than one property.
If you are expecting an extra day of holiday soon, you will be disappointed. This is not an election bonus. This bonus was announced at this year’s budget as Singapore had an overall surplus of $9.6 billion, or 2.1 per cent of GDP for 2017 financial.
The SG Bonus will be given on top of the GST Vouchers and Service and Conservancy Charges rebate for eligible Singaporeans. This unexpected bonus reflects the Government’s long-standing commitment to share the fruits of the country’s development with Singaporeans, MOF said in its statement.
Singaporean can use their SingPass to view their SG Bonus benefit online at SG Bonus website which will go live next Tuesday, Oct 2. You will also receive SMS notification if your mobile number is registered with SIngPass.
Most Singaporeans will automatically receive their SG Bonus if they have previously signed up for other government payout schemes, such as the growth dividends and GST voucher.
If you are the rare few who have not received monies from the Government before, don’t worry, you will receive instruction in your mailbox soon.
More details on the SG Bonus can be found at www.singaporebudget.gov.sg/sgbonus, while information on other benefits announced at Budget 2018 are available at www.singaporebudget.gov.sg.
The public can e-mail [email protected] or call 1800-2222-888 for more information.
MOF said in the statement that it has received some feedback from Singaporeans who would like to donate their SG Bonus to needy citizens. These Singaporeans can do so via the SG Bonus website or the SG Cares mobile application.
Alternatively you can donate your SG Bonus to Sure Boh Singapore, so that Lim Peh can produce more Boh Liao videos for your guys.
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