Singapore legislation

Regulation 21

of Goods and Services Tax Voucher Fund Regulations 2014

Regulation 21

Eligibility criteria for Assurance Package — Seniors’ Bonus

Subregulation 1

To be eligible to receive a cash grant under the Assurance Package — Seniors’ Bonus in 2023, 2024 or 2025 (called in this Part a relevant year), an individual must satisfy all of the following eligibility criteria:

(a)

the individual must —

(i)

either —

(A)

for a cash grant in 2023, 2024 or 2025 — be a citizen of Singapore and no other country on 31 July in the year immediately preceding the relevant year; or

(B)

for a cash grant in 2024 or 2025 — become a citizen of Singapore on any day within the period starting on 1 August in the year immediately preceding the relevant year and ending on 30 July in the relevant year (both dates inclusive) and during that period, the individual does not become a citizen of any other country; and

(ii)

not cease to be a citizen of Singapore when the individual’s eligibility for the cash grant is assessed;

(b)

the individual must be resident in Singapore for any duration in the relevant year;

(c)

the individual attains 55 years of age or any older age at any time in the relevant year;

(d)

for a cash grant in 2023 — on 31 July 2022, the individual’s residence is a property with an annual value not exceeding $21,000;

(e)

for a cash grant in 2024 — on 31 July 2023, the individual’s residence is a property with an annual value not exceeding $25,000;

(f)

for a cash grant in 2025 — on 31 July 2024, the individual’s residence is a property with an annual value not exceeding $31,000;

(g)

on 31 July in the year immediately preceding the relevant year —

(i)

the individual does not beneficially own (whether alone, jointly or in common with another) any estate or interest in more than one property, whether situated in or outside Singapore; or

(ii)

the individual beneficially owns (whether alone, jointly or in common with another) an estate or interest in 2 or more HDB flats, and does not beneficially own (whether alone, jointly or in common with another) any estate or interest in any other property, whether situated in or outside Singapore;

(h)

the individual’s assessable income does not exceed $34,000 —

(i)

for the year of assessment that is the year immediately preceding the relevant year, where the relevant year is 2023; or

(ii)

for the year of assessment that is the second year immediately preceding the relevant year, where the relevant year is 2024 or 2025.

Subregulation 2

In this regulation, “residence”, in relation to an individual, means the place of residence in Singapore as shown in the individual’s identity card issued under the National Registration Act 1965 at the material time.

Read in full context — Goods and Services Tax Voucher Fund Regulations 2014 →