Singapore legislation
Regulation 9
Regulation 9
Eligibility criteria for GSTV — Medisave
Subregulation 1
To be eligible to receive a contribution to an individual’s medisave account under the GSTV — Medisave in any year (called in this Part the relevant year), the individual must satisfy all of the following eligibility criteria:
the individual —
either —
is a citizen of Singapore and no other country on 31 December in the year immediately preceding the relevant year; or
becomes a citizen of Singapore on any day within the period starting on 1 January in the relevant year and ending on 30 December in the relevant year (both dates inclusive) and during that period does not become a citizen of any other country; and
is a citizen of Singapore when the individual’s eligibility for the contribution to the individual’s medisave account is assessed;
the individual must be resident in Singapore for any duration in the relevant year;
the individual attains 65 years of age or any older age at any time in the relevant year;
for the relevant year 2025 or later — on 31 December in the year immediately preceding the relevant year, the individual’s residence is a property with an annual value not exceeding $31,000;
on 31 December in the year immediately preceding the relevant year —
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
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.
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.