GST Voucher Cash Medisave 2027 Calculator

How the GST Voucher Scheme Works in 2027

The GST Voucher (GSTV) is a permanent Singapore government scheme to offset the 9% GST for lower- and middle-income citizens. The scheme has three components: (1) GSTV Cash — direct bank deposit of SGD $450 or SGD $850 depending on AV; (2) GSTV Medisave — credited to your CPF Medisave Account between SGD $150 and SGD $450 depending on age; (3) GSTV U-Save — rebate against your HDB utilities bill from SP Services, ranging from SGD $230 to SGD $760 per year for HDB residents. Last updated: 2026-09-10. Source: GSTV Office and Ministry of Finance.

Worked Example — 40-Year-Old in a 4-Room HDB Flat

Take a 40-year-old Singapore citizen earning SGD $25,000 in assessable income, living in a 4-room HDB flat with an Annual Value of SGD $14,000, owning one property. All three eligibility gates pass: assessable income at or below SGD $34,000, AV at or below SGD $21,000, and no more than one property.

• GSTV Cash — SGD $450. The higher SGD $850 tier applies only where AV is SGD $13,000 or below. At SGD $14,000 this household falls into the SGD $13,001–$21,000 band, so it receives the lower amount.
• GSTV Medisave — SGD $150. Set by age band; at 40 this is the entry tier.
• GSTV U-Save — SGD $570. The 4-room HDB rate, paid quarterly against the utilities bill.

Total annual benefit: SGD $1,170. Cash is deposited by PayNow or GIRO in August 2027, Medisave is credited in November 2027, and U-Save arrives in four tranches across January, April, July and October. Note how much rides on a single number: had the flat's AV been SGD $12,900 rather than SGD $14,000, the Cash component alone would have been SGD $850 instead of SGD $450 — a SGD $400 swing from an AV difference of about SGD $1,100.

Income and AV Thresholds You Need to Know

For 2027, eligibility cutoffs are: Assessable Income ≤ SGD $34,000 (calculated on 2025 income); Annual Value ≤ SGD $21,000 for GSTV Cash and Medisave; you must own no more than one property at 31 Dec 2026; you must be a Singapore citizen aged 21 or above as of the qualifying date. The AV threshold matters most — owning a private condo with AV above SGD $21,000 disqualifies you completely even if your assessable income is below the cap. The dual-threshold check is why some retirees with modest CPF withdrawals but high-AV homes do not receive GSTV; conversely, low-income earners in 5-room HDB flats with AV around SGD $17,000 typically qualify.

How to Check Your Annual Value Before You Rely on an Estimate

Annual Value is the single number that decides your GSTV Cash tier, and it is not your property's market price. AV is the estimated gross annual rent your property could fetch if it were let out, excluding furniture and maintenance fees, and it is assessed by the Inland Revenue Authority of Singapore (IRAS), which revises it as market rents move. Because the SGD $13,000 boundary is worth SGD $400 a year and the SGD $21,000 boundary decides whether you get anything at all, it is worth checking rather than guessing:

• Check the real figure on the IRAS myTax Portal under property tax, or on your annual property tax bill — it is printed there.
• Expect it to move. AV revisions follow the rental market, so a flat that sat just under a threshold last year can cross it without you doing anything. This is the most common reason a household that received GSTV Cash one year receives less the next.
• Owning two properties disqualifies you outright for GSTV Cash and Medisave, regardless of how low your income or AV is. Inherited shares in a second property count.
• You do not apply. Eligibility is assessed automatically from IRAS, HDB and CPF records, and eligible citizens are notified by SMS. If you believe you qualified and received nothing, the thing to verify first is your AV and your property count, not your income.

Assessable income is also lagged — the 2027 payout is assessed on 2025 income — so a pay rise this year affects a payout two years out, not the next one.

U-Save Rebate Tiers and Quarterly Disbursement

The GSTV U-Save rebate is paid in four quarterly tranches via your SP Group utility bill: January, April, July, October. The 2027 annual U-Save amounts are: 1- and 2-room HDB flats SGD $760; 3-room SGD $660; 4-room SGD $570; 5-room SGD $470; Executive SGD $380. Private condos and landed properties get nothing. The rebate offsets electricity, water, gas, and refuse fees in that order. Any unused balance carries forward to the next month within the same calendar year. This is a household rebate — one per HDB unit, not per resident, so it does not stack across multiple owners.