The Assurance Package (AP) Cash and GST components are part of the Singapore government’s efforts to provide financial support to lower- and middle-income individuals to help offset some expenses, including the Goods and Services Tax (GST) incurred on daily necessities.
Eligibility for the Assurance Package (AP) Cash and GST generally includes the following criteria:
- Citizenship and Age:
- Must be a Singaporean citizen.
- Typically targeted at individuals aged 21 and above.
- Annual Assessable Income:
- The scheme often targets lower- and middle-income individuals.
- Eligibility is assessed based on the individual’s or household’s annual assessable income. As of previous updates, those with an annual income of up to a certain threshold, such as $28,000, may qualify.
- Property Ownership:
- Individuals who own more than one property might not be eligible for the full cash payout.
- Marital Status:
- For married individuals, the combined annual assessable income of both spouses is considered.
- GST Voucher – Cash Special Payment (GSTV-CSP):
- Eligibility for the GST component of the Assurance Package might involve being eligible for the GST Voucher – Cash Special Payment, which is targeted at lower- and middle-income individuals.
- Workfare Income Supplement (WIS):
- Some individuals who receive the Workfare Income Supplement might also be eligible for certain components of the Assurance Package.
- Other Considerations:
- There might be additional considerations for specific groups, such as seniors, retirees, or those facing financial hardships.
It’s important to note that the eligibility criteria and thresholds for the Assurance Package components, such as AP Cash and GST, can change from year to year based on government policies and budget allocations. Therefore, for the most current and accurate information regarding eligibility, including income thresholds and specific criteria, individuals are advised to refer to official government sources, such as the Singapore Ministry of Finance or the Central Provident Fund (CPF) Board’s websites. These sources provide detailed information about government assistance schemes and any updates or changes in eligibility criteria and payouts.