The Economic Restructuring Shares (ERS) are part of the offset package meant to help Singaporeans adapt to the structural changes in the economy, especially the increase in the GST rate. The ERS will be given out in three lots, with one lot each year starting from 2003. The shares will earn annual dividends, in the form of bonus shares, over 5 years. The bonus shares will be calculated at a rate of 3% plus the real GDP growth rate of the preceding calendar year, with a guarantee of at least 3%.

The New Singapore Shares (NSS) were introduced in 2001 to help the lower income group tide over the economic downturn. The NSS will earn annual dividends, in the form of bonus shares, over 5 years. The bonus shares will be calculated at a rate of 3% plus the real GDP growth rate of the preceding calendar year, with a guarantee of at least 3%.

2008 Government of Singapore

The Economic Restructuring Shares and New Singapore Shares schemes are closed. For enquiries, please call the Ministry of Finance at 1800 226 0806 during office hours from 8.30am to 5.30pm on Mondays to Fridays.