SINGAPORE: Eligible Singaporeans will receive a S$700 payout from the government this December 2024 to help manage rising living costs, according to TSRTC Parcel.

The S$700 payout is part of the broader GST Voucher (GSTV) and Assurance Package (AP) scheme. These initiatives are designed to ease the financial burden on lower-income individuals and families.

The GSTV and AP schemes include:

• Cash vouchers that provide direct support for immediate expenses.
• MediSave coupons that help with healthcare costs.
• U-Save vouchers which assist with utility bills for low-income households.

The payout will also work alongside the Workfare Income Supplement (WIS), which provides extra support for those with modest incomes, helping to reduce the impact of the Goods and Services Tax (GST) on essential goods and services.

Eligible recipients will receive the S$700 payout through direct bank transfers or their preferred payment method. In addition to the S$700 payout, recipien...