U-Save for FY2024
*Assurance Package
NOTES:
• The Budget 2024 Cost-of-Living (B2024 COL) U-Save includes the additional $20 of U-Save per quarter from the $1.1 billion COL package announced in September 2023 to cushion the impact of higher utility bills from increases in carbon tax and water price.
• If the flat is partially rented out or not rented out, there must be at least one Singaporean owner or occupier in the household to be eligible for U-Save. If the entire HDB flat is rented out, there must be at least one Singaporean tenant.
• Households whose members own more than one property are not eligible for U-Save.
• Additional rebates will be credited to eligible households at the same time as the regular GSTV – U-Save in four quarters (April 2024, July 2024, October 2024 and January 2025).
NOTES:
• The Budget 2024 Cost-of-Living (B2024 COL) U-Save includes the additional $20 of U-Save per quarter from the $1.1 billion COL package announced in September 2023 to cushion the impact of higher utility bills from increases in carbon tax and water price.
• If the flat is partially rented out or not rented out, there must be at least one Singaporean owner or occupier in the household to be eligible for U-Save. If the entire HDB flat is rented out, there must be at least one Singaporean tenant.
• Households whose members own more than one property are not eligible for U-Save.
• Additional rebates will be credited to eligible households at the same time as the regular GSTV – U-Save in four quarters (April 2024, July 2024, October 2024 and January 2025).
Table:
STRAITS TIMES GRAPHICS
Source:
MINISTRY OF FINANCE