Singapore legislation

Regulation 29

of Goods and Services Tax Voucher Fund Regulations 2014

Regulation 29

Eligibility criteria for Assurance Package — Medisave

Subregulation 1

For an individual to be eligible to receive a contribution to the individual’s medisave account under the Assurance Package — Medisave in 2023, 2024 or 2025 (called in this Part a relevant year), the individual must satisfy all of the following eligibility criteria:

(a)

the individual satisfies the citizenship criteria mentioned in paragraph (2);

(b)

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

(c)

the individual —

(i)

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

(ii)

will be below 21 years of age on 31 December in the relevant year.

Subregulation 2

In paragraph (1)(a), an individual satisfies the citizenship criteria if —

(a)

in the case of an individual mentioned in paragraph (1)(c)(i), the individual —

(i)

either —

(A)

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

(B)

for a contribution in 2024 or 2025 — becomes 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 does not become a citizen of any other country; and

(ii)

is a citizen of Singapore when the individual’s eligibility for the contribution to the individual’s medisave account is assessed; or

(b)

in the case of an individual mentioned in paragraph (1)(c)(ii), the individual —

(i)

either —

(A)

for a contribution in 2023, 2024 or 2025 — is a citizen of Singapore on 31 July in the year immediately preceding the relevant year; or

(B)

(ii)

is a citizen of Singapore when the individual’s eligibility for the contribution to the individual’s medisave account is assessed, despite also being a citizen of another country.

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