GST Offset Package and Growth Dividends
I just received a letter from CPF detailing the amount of money I will be getting from the government. With the numerous schemes and handouts (and all the different names) declared at different times, it can be difficult for most people to keep track of what they will be getting.
If you are entitled to the money, you should get a letter from CPF too. Those who are signed up for the GST credits in 2007 will automatically receive these three payouts.
Here’s a breakdown of what to expect:
- Growth dividends – 1st installment payable on 30 April 2008
- Growth dividends – 2nd installment payable on 1 October 2008
- GST credits – 2nd payment on 1 July 2008
To check the amount you will be getting as well as your eligibility, your can refer to this page on the Singapore Budget.