This has been made available to Singaporean households facing rising costs and strengthening their long-term financial viability. The Assurance Package and the Majulah Package include assistance for lower- to middle-income citizens. What follows is an enumeration of cash benefits, their eligibility, the dispensation amounts, and release dates.
Assurance Package (AP) Cash Payout
Singaporeans 21 years and older will get this payout in 2025 provided that they do not have an assessable income of more than S$34,000 in 2023 and live in an annual value property of S$21,000 or below.
The payout amount will also vary from S$700 to S$850 based on the annual value of such a property. It will begin disbursement on December 5, 2024, through PayNow (linked to NRIC) followed by bank crediting on December 16 and GovCash on December 24.
Assurance Package MediSave Bonus
This is for a cash payout that will benefit citizens under 20 years or 55 years and older by 2025. The beneficiaries will get a one-time S$150 “top-up” into the MediSave account. Disbursement will start on February 11, 2025.
Assurance Package Seniors’ Bonus
The following are eligible for this bonus: Singaporeans aged 55 or older in 2025 with an annual assessable income of S$34,000 or lower according to 2023 filings, who reside in a property with an annual value of up to S$31,000. Depending on the annual value of their residence, seniors will receive S$200 to S$300. Payment will start on PayNow on February 5 2025 and then via bank crediting and GovCash on February 13 and February 21, respectively.
Assurance Package U-Save
Provision of quarterly rebates intended to lower the consumption-related costs of households. Eligible HDB households will automatically receive U-Save rebates in January, April, July and October 2025. These rebates will automatically be credited by SP Services to the respective household accounts.
Majulah Package MediSave Bonus
These are the aforementioned individuals who qualify for the bonus: Singapore citizens born on or before 1973 and residing in a property assessed at less than Singapore Dollars (S$) 25,000 as at 31 December 2023, and who own no more than one property. The payouts will peak at between S$750 and S$1,500 depending on an individual’s age and housing situation. Payments will be disbursed starting December 2024.
CPF Special/Retirement Account Top-Ups & Bonuses
The eligibility conditions for these bonuses include citizens born in or before 1973 who, as of December 31, 2022, had CPF savings of less than the Basic Retirement Sum or S$99,400 and live in a property with an annual value of S$25,000 or less and own no more than one property. These bonuses may reach between S$1,000 to S$1,500 depending on their CPF savings. Pay-out will be done in December 2024.
Workfare Income Supplement (WIS)
This is a supplementary scheme available to citizens of Singapore who are 30 years old and above and earn not more than S$2,500 a month. It applies to employed or self-employed people, including those working with platforms as long as they have done so for at least 3 months in a year. Annual pay has been enhanced from S$3,200 to S$4,000 and will be paid in monthly installments.
Silver Support Scheme
Citizens aged 65 years and above and who have been residing continuously in Singapore for at least 10 years are eligible for this scheme, subject to certain income and housing qualifying criteria. These are the other qualifications: holding no more than one property; having an annual income of less than S$70,000; and not having an annual property annual value exceeding S$20,000. The payments, which vary from S$400 to S$850 depending on the situation, also include S$600 for basic assistance to S$900 for additional payments if the individual is under Assurance Package for Seniors. Payments will be made quarterly in March, June, September, and December 2025.
Program Application
Existing recipients do not need to apply for any further benefits. Payments will be disbursed automatically. New applicants or those who are not sure of their eligibility can apply via the official government benefits portal with their personal, income, and bank details. Applicants should ensure that the information provided is accurate and complete. Delays may occur due to incorrect or insufficient information. The registration status can be checked online after submission.