In December, around 2.9 million eligible Singaporeans will receive a cash payout from the government, aimed at helping with the rising cost of living, managing healthcare expenses, and strengthening retirement savings. This initiative is part of the Assurance Package (AP), which was bolstered with an additional $1.9 billion during Budget 2024 to better support Singaporean households, particularly those in lower- and middle-income brackets.
Here’s a closer look at what Singaporeans can expect:
Cash Support for Eligible Adults
Eligible Singaporeans aged 21 and above in 2025 will receive between $200 and $600, depending on income levels. This annual support, which started in 2022 and will continue through 2026, aims to make everyday expenses more manageable, particularly as living costs rise.
MediSave Top-Ups for Younger Adults and Seniors
Approximately 1.4 million Singaporeans born between 1974 and 2003 will receive a one-time MediSave top-up of $300 to $500. Additionally, seniors born in 1973 or earlier can look forward to a more substantial MediSave boost, with around 1.6 million eligible recipients set to receive $1,250 or $2,000 as part of the Majulah Package – MediSave Bonus. These top-ups will help offset increases in MediShield Life premiums and provide long-term healthcare support for nearly 3 million people.
Retirement Savings Bonus for Seniors
About 800,000 older Singaporeans will also see a one-time Retirement Savings Bonus, which will add $1,000 or $1,500 to their CPF accounts. This additional boost is part of the Majulah Package, and the exact amount depends on each person’s existing CPF retirement savings.
Automatic Payments in December
Payments will be automatically credited to eligible Singaporeans starting in December. For those unsure of their eligibility, a quick check on the govbenefits website using Singpass can confirm details. Notifications will be sent via SMS to those with a registered mobile number, and those without Singpass-registered mobile numbers will receive a notification letter at their registered NRIC address.
These initiatives, including enhanced healthcare benefits and cash support, reflect the government’s commitment to supporting Singaporeans through the rising costs of living, while also helping people prepare for healthcare needs and retirement security.