Singapore’s $400–$850 Cash Deposit: Are You Eligible for This 2025 Financial Boost?

Singapore’s $400–$850 Cash Deposit: In 2025, Singapore will provide a significant financial boost to eligible citizens through a cash deposit ranging from S$400 to S$850. This initiative is part of the government’s Goods and Services Tax Voucher (GSTV) scheme, which aims to alleviate the financial strain of rising living costs, particularly for lower- and middle-income households. Whether you’re familiar with the GSTV or new to it, this article will walk you through everything you need to know, including eligibility, the application process, and other government schemes that could provide further financial relief.

Singapore’s $400–$850 Cash Deposit

The S$400–S$850 Cash Deposit in 2025 is a vital financial support program that provides relief to eligible Singaporeans facing the challenges of rising living costs. With its clear eligibility criteria, easy application process, and disbursement methods, this initiative makes it simple for citizens to access the financial help they need.

In addition to the GSTV – Cash payout, various other government programs like SG60 Vouchers, U-Save Rebates, and MediSave top-ups provide comprehensive support, ensuring that no one is left behind. Stay updated with the official resources and make sure to register on time to ensure you receive the assistance you’re entitled to.

What is the $400–$850 Cash Deposit?

In 2025, Singapore’s GSTV – Cash initiative will provide a cash payout to eligible Singaporeans. The government has rolled out this program to offset the Goods and Services Tax (GST) burden, especially for those with limited income or property. With living costs on the rise, this payout is a timely support mechanism for citizens.

The amount of the cash deposit varies depending on annual income and the annual value (AV) of the property you own. Those with lower incomes and modest property values are prioritized, ensuring that the most vulnerable citizens benefit the most.

How Much Can You Receive?

The GSTV – Cash payout amount depends on two major factors: your annual income and the annual value of your property. Here’s a detailed breakdown:

1. Income Criteria

To be eligible, your assessable income (AI) for the Year of Assessment (YA) 2024 must be S$34,000 or below. This cap is designed to assist those who may be facing financial strain due to limited income.

2. Property Value Criteria

Your eligibility is also determined by the Annual Value (AV) of your home. AV is a measure of the expected annual rent of your property, and it plays a key role in determining the payout you’ll receive. Here’s the breakdown:

• If AV ≤ S$21,000: You will receive S$850.
• If AV is between S$21,001 and S$25,000: You will receive S$450.
• If AV is between S$25,001 and S$31,000: You will also receive S$450.
• If AV > S$31,000: You will not be eligible for the payout.

This approach ensures that individuals with more modest living conditions receive a greater benefit, while those with higher-value properties do not disproportionately benefit from the program.

Eligibility Requirements

To be eligible for the GSTV – Cash payout, the following conditions must be met:

1. Citizenship

You must be a Singapore citizen to qualify for the GSTV – Cash payout. Permanent residents and foreign workers do not qualify for this initiative.

2. Age

You must be at least 21 years old as of 2025. This age limit ensures that working adults and those managing family finances can benefit from the program.

3. Income Limits

Your annual income (assessable income) for the Year of Assessment (YA) 2024 should not exceed S$34,000. This condition helps target lower- and middle-income households, who are more likely to need financial assistance.

4. Property Ownership

You must own no more than one property. This condition ensures that the support reaches households with more modest living arrangements. Property ownership beyond one is often seen as a marker of greater wealth, and hence, those with more than one property are excluded from the program.

5. Annual Value (AV) of Home

The Annual Value (AV) of your home is one of the key factors that determine the amount of the payout you will receive. This is essentially the amount your property would be expected to generate if it were rented out.

How to Apply for the $400–$850 Cash Deposit

If you are eligible, receiving the GSTV – Cash payout is relatively easy. Most recipients will be paid automatically if they have received the payout in previous years. However, if you are a new applicant or need to update your details, here’s how you can ensure you get your payment:

1. Existing Recipients

If you’ve received the GSTV – Cash payout before and your banking details remain the same, no action is required. The payout will be automatically credited to your account by August 2025.

2. New Applicants and Updates

If you’re a first-time applicant or your banking details have changed, you will need to register or update your information. The deadline for registering or updating details is 20 June 2025. You can do this via the GovBenefits Portal.

3. Disbursement Methods

Once you’ve confirmed your eligibility, the payout will be made through one of the following methods:

• PayNow (linked to NRIC): Starting 1 August 2025.
• Bank Transfer: Starting 12 August 2025.
• GovCash (via OCBC ATMs): Starting 22 August 2025.

If you choose PayNow, make sure your NRIC is linked to your PayNow account for quicker processing.

Additional Government Support Measures in 2025

Beyond the GSTV – Cash payout, the Singapore government has rolled out several other financial relief programs to support citizens. Here’s a quick look at some of the initiatives you can take advantage of in 2025:

1. SG60 Vouchers

Citizens aged 21 and above will receive S$600 in SG60 vouchers, while seniors aged 60 and above will receive an additional S$200.

2. CDC Vouchers

Households will receive S$800 in CDC Vouchers for use at participating merchants, which can be redeemed for essential goods.

3. U-Save Rebates

To assist with utility bills, U-Save rebates ranging from S$95 to S$380 are provided based on the type of HDB flat you own.

4. MediSave Top-Ups

Seniors aged 65 and above will receive up to S$450 credited to their CPF MediSave accounts to assist with healthcare expenses.

5. Earn and Save Bonus

For seniors born in 1973 or earlier, there is an Earn and Save Bonus ranging from S$400 to S$1,000 annually to help boost retirement savings.

These initiatives, combined with the GSTV – Cash payout, provide comprehensive support to Singaporeans, particularly those from lower-income households.

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Frequently Asked Questions On Singapore’s $400–$850 Cash Deposit

1. How do I check if I am eligible for the GSTV – Cash payout?

Visit the GovBenefits Portal and log in using your Singpass. You can check your eligibility and update your details if necessary.

2. When will I receive the cash payout?

The GSTV – Cash payout will be disbursed from August 2025. The exact date will depend on your chosen payment method.

3. What if my bank account details have changed?

If your bank account details have changed, update them through the GovBenefits Portal by 20 June 2025 to ensure you receive your payout.

4. Can I receive the payout if I own a property?

You can receive the payout if you own one property. The Annual Value (AV) of the property is another determining factor.

5. What should I do if I miss the registration deadline?

It is crucial to complete your registration or updates by 20 June 2025 to receive the payout. Late registrations may result in delayed payments.