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GST Offset Package OverviewGrowth dividend 2008

The Growth Dividends scheme, announced in Budget 2008, is part of the Government’s move to share the nation’s surpluses with Singaporeans. Lower-income Singaporeans will receive more. Together with the additional Growth Dividends announced in the 2008 National Day Rally Speech, the Growth Dividends scheme will cost the Government $1.06 billion.

The GST Offset Package is a set of comprehensive measures announced in Budget 2007 to help Singaporeans with the increase in GST, with more for lower-income Singaporeans. The GST Offset Package will cost the government $4 billion over 5 years. It includes among other schemes, the GST Credits, Senior Citizens' Bonus, U-Save rebates and Top-Ups to Post-Secondary Education Accounts schemes. Eligible households will also be enjoying higher U-Save rebates in 2008 as announced in the 2008 National Day Rally Speech. For a full listing of schemes, please click here.

To discover the key benefits that your household will be enjoying from Budget 2008, please click below.

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