Rental Support Scheme (RSS) Payout

17/08/2021

NEW! Have you heard about the Rental Support Scheme (RSS) Payout?

From 6 Aug 2021, more than 38,400 tenants and owner-occupiers will receive funds directly from the Government to tide over the latest tightened Covid-19 safety measures (P2HA).

The Rental Support Scheme (RSS) payout will be about half a month of rent for the period of 14 to 29 May.
The RSS will be paid directly to tenants, without going through their landlords.
This is to help tenants receive the cash promptly for cashflow assistance and to reduce compliance burden for landlords.
A second payout will be disbursed in October 2021
RSS will not be disbursed automatically to tenants who rent only part of a property, or to licensees, or to tenants who rent a mixed-use property.
Those who are eligible but are not given the payout notification have to submit an application to IRAS.

Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com!

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