U Save Rebate 2024 – Eligibility, Amount, Schedule and Status!

Singapore Budget 2024 introduces U-Save rebates for households, part of the assurance package, with a budget allocation of S$1.9 billion to address the cost of living challenges faced by Singaporeans.

U Save Rebate 2024

The U Save Rebate 2024 in Singapore is an automatic benefit for eligible households, providing financial assistance for utilities expenses. Eligible households will receive the U-Save Rebate 2024 through their utilities accounts with SP Services. 

The Enhanced AP U-Save rebates will be provided from January 2024 onwards till December 2025 in the usual quarters for a basic amount of $20 more than last year’s AP U-Save rebates.

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U Save Rebate 2024 Eligibility 

To be eligible for the U-Save Rebate 2024, you must reside in an HDB flat and meet the following criteria:

Residence and Ownership:

• Own and live in the HDB flat or partially rent it out: At least one Singapore Citizen owner/occupier must be present.
• Rent the entire HDB flat: At least one Singapore Citizen tenant must reside there.
• Property Ownership Restriction: No ownership or interest in more than one property by:
  • Owners/essential occupiers if you own and live in the flat or partially rent it out.
  • All tenants if you rent the entire flat.
• There are no income restrictions for eligibility.

U-Save Rebate Amount 2024

The U-Save Rebate 2024 amount depends on two factors:

HDB Flat Type:

• 1 & 2-room flat: Up to $950
• 3-room flat: Up to $850
• 4-room flat: Up to $750
• 5-room flat: Up to $650
• Executive/Multi-generation flat: Up to $550

Regular vs. Additional Rebate:

The U-Save Rebate is comprised of two parts:

• Regular GSTV-U-Save: Disbursed quarterly (January, April, July, October) based on the above amounts.
• Additional Assurance Package (AP) U-Save: Double the regular amount, disbursed in two tranches (July and January).

Combining both parts:

For 2024, the total U-Save Rebate amount you receive depends on your flat type and when you’re reading this:

• Before July 2024: You have received the first three quarters of the regular GSTV-U-Save.
• After July 2024: You have received the first regular GSTV-U-Save tranche and the first AP U-Save tranche.

Therefore, your total received amount ranges from:

• 1 & 2-room flat: $440 – $455
• 3-room flat: $380 – $395
• 4-room flat: $315 – $330
• 5-room flat: $250 – $265
• Executive/Multi-generation flat: $185 – $200

U-Save Rebate Schedule 2024

U-Save Rebate schedule for 2024, including both the regular GSTV-U-Save and the additional Assurance Package (AP) U-Save:

Regular GSTV-U-Save:

• Disbursement Dates: January, April, July, October 2024
• Amounts: Vary based on HDB flat type (ranging from $65 to $130 per quarter)

Additional Assurance Package (AP) U-Save:

• Disbursement Dates: July 2024, January 2025
• Amounts: Double the regular GSTV-U-Save amount for your flat type
• Status: First tranche disbursed in July 2024.
• Remaining: Second tranche will be disbursed in January 2025.

What’s the difference between regular and additional U-Save rebates?

Previously, the U-Save Rebate was part of the Goods and Services Tax (GST) Voucher (GSTV) scheme. In 2023, an additional program, the Assurance Package (AP) U-Save, was introduced to offer further relief.

• Regular GSTV-U-Save: Distributed quarterly (January, April, July, October) and based on HDB flat type. For 2024, amounts range from $65 to $130 per quarter.
• AP U-Save: Disbursed in two tranches (July and January) and offers double the usual rebate amount. 

How to check the status of your U Save Rebate 2024?

Here are some options to ensure you received the expected amount:

• Automatic Disbursement: The U-Save Rebate is disbursed automatically based on your eligibility and HDB records. There’s no application or registration process, and no need to actively track its status.
• Fixed Schedule: The regular GSTV-U-Save is disbursed quarterly (January, April, July, October) and the AP U-Save is disbursed in two tranches (July, and January). 
• Direct Crediting: The rebates are automatically credited to your bank account or Singapore General Hospital (SGH) MediSave account linked to your HDB flat. 

However, if you have concerns about your eligibility or haven’t received the expected amount, you can take the following steps:

Verify your eligibility:

• Review the eligibility criteria mentioned earlier in this article.
• Check your HDB flat type and compare it to the disbursement amounts in the table.

Look for past transactions:

• Check your bank statements or MediSave account statements for any recent deposits labelled “U-Save Rebate” or similar, considering the disbursement dates.

Contact the Ministry of Finance (MOF):

• If you believe there’s an error or you haven’t received the expected amount, contact the MOF via their website: https://govbenefits.gov.sg/.