$1300 Government Payout Aug 2024: Direct Deposit Dates

Written By: Anushka

$1300 Payout

In August 2024, the Singapore Government will disburse $1300 through the GST Voucher Scheme to alleviate rising living costs.

Components

The payout includes Cash Vouchers for utility bills, Medisave Vouchers for healthcare, and U-Save Vouchers for household expenses.

Eligibility

Eligible applicants must be 21+, Singapore residents or citizens, with an annual income below S$21,000. Visa holders need three years of residency.

Increase Confirmed

The 2024 budget increases benefits for low-income residents, with Cash Vouchers between $450-$850 and GSTV Medisave from $150-$450.

Payment Dates

Payments start on 1 August 2024 via PayNow-NRIC, with bank credits by 11 August 2024, and GovCash by 21 August 2024.

Direct Deposit

Recipients must update contact and bank details by 30 April 2024 to avoid delays and ensure prompt payment processing.

Minimum Wage Update

From 1 July, the minimum hourly rate increases to $10.50 for full-time and part-time workers, ensuring fair compensation across categories.

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