Another $300 of CDC vouchers! Discover 3 ways to use your CDC vouchers today.
By Guest Contributor • 20 Dec 2022
Why trust Beansprout? We’re licensed by the Monetary Authority of Singapore (MAS).
You can now donate your 2021 and 2022 CDC vouchers to charity and do some good by 31 January 2023.
Here’s a Christmas present that arrived early.
By now, most of us should be familiar with CDC vouchers, having received an additional set of $100 vouchers in May 2022.
If you are at a loss of how to use the CDC vouchers, here are some ideas on what you can do with them!
3 ways to spend your CDC vouchers
#1 – Participating hawkers and heartland merchants
You can start by looking for the CDC voucher decal at participating hawkers and heartland merchants.
If you would prefer not to go stall by stall looking, visit go.gov.sg/cdcvouchersmerchants to search for the nearest participating hawkers and heartland merchants.
For example, looking at the participating hawkers and merchants around our office, there are 1148 stalls that we can use our remaining CDC vouchers at. How convenient!
#2 – Participating supermarkets
Ok, so this is new.
Apart from hawkers and heartland merchants, you’d be able to spend up to $150 of the 2023 CDC vouchers at participating supermarkets.
It has yet to be announced which are these participating supermarkets, but we’re guessing NTUC and Sheng Siong would be on the list.
Do check back to this page to find out whether that’s really the case when more details are announced shortly.
#3 – Donate to charity
PSA: Your CDC vouchers from 2021 and 2022 will expire on 31 December 2022.
So if you have not claimed and spent your vouchers yet, please do so before going for your new year countdown party.
However, if you would like to do some good during the festive season, you can now donate the balance amount of your vouchers to charity.
This will help someone who might need it more to cope with the high inflation we’ve seen over the past year.
To donate your remaining vouchers, just follow this step-by-step guide.
1. Visit the CDC vouchers scheme website and click on Donate CDC vouchers.
2. Select a listed charity.
Some of the eligible charities would fall in the categories of Animal welfare, arts and heritage, children and youth, education, elderly, environment, families and children, healthcare, migrant community, persons with disabilities, and sports.
3. Log in with Singpass to pledge your household's voucher balance as of Dec 31.
Here’s the deal to make it even better. The CDC vouchers will be donated in cash value to the charity instead of vouchers.
You may also be able to receive tax deductions from the respective charities, with the deduction to be reflected in the Year of Assessment 2024.
However, you’d need to do this by 31 January 2023.
So before you get the new vouchers, here’s another reminder to use up the 2021 and 2022 vouchers.
It’s been shared that close to 10%, or about $24 million of total CDC vouchers have yet to be used.
If you’re still holding on to some of these vouchers, do treat yourself to a nice hawker meal or share it with a charity by the end of the year!
Want to donate even more for charity? Find out how you can do so and lower your tax bill before we say goodbye to 2022.
Feature image source: Straits Times
Read also
Most Popular
Gain financial insights in minutes
Subscribe to our free weekly newsletter for more insights to grow your wealth
0 comments