
The Singapore government has announced a cash payout for eligible senior citizens this February 2025. The Singapore Government Payout 2025 is part of ongoing efforts to help residents cope with rising living costs. This payout, part of the Assurance Package (AP) Seniors’ Bonus, is aimed at supporting lower and middle-income households. Here’s what we know about the government payouts in 2025.
Singapore Government Payout 2025
One payout is known as the Singapore Seniors Bonus 2025, targeted at lower-income senior Singaporean citizens, as part of the Assurance Package Seniors Bonus. Around 850,000 senior citizens will get between $200 and $300. This cash benefit will be given to seniors residing in Singapore, who do not own more than one property, living in homes with Annual Value (AV) of up to $31,000, and with Assessable Income (AI) not exceeding $34,000. Eligible individuals will be able to receive their cash payouts as early as February 5, 2025 via PayNow-NRIC.
Meanwhile, all Singaporeans aged 20 and below, and 55 years and above, will receive $150 Assurance Package MediSave top-ups in their CPF accounts by February 11, 2025. This will help manage healthcare expenses in the city-state.
This payout is part of a broader financial assistance scheme which includes additional benefits like MediSave top-ups, U-Save rebates for utilities, and other Assurance Package components. Together, these initiatives showcase the government’s commitment to provide financial relief to citizens amidst economic challenges and inflation. Find out if you’re eligible in our government payouts 2025 eligibility guide.
Overall, the government payouts in February 2025 is a significant effort to ease financial burdens on residents in Singapore. For more details, residents can visit the MOF website. What do you think of the Singapore government cash aid?
Disclaimer: A previous version of this article stated a $700 payout. However, this article has been updated in line with revised figures from officials.
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