Singapore will make the final annual cash payments under its Assurance Package in December, giving eligible adult citizens S$100 to S$250 as the five-year program ends.
Singapore citizens who live in the country and are at least 21 in reference year 2027 qualify. The income test uses earnings from 2024, recorded for Year of Assessment 2025.
For recipients with no more than one property, the payment is S$250 when assessable income is S$39,000 or less. It is S$150 for income above S$39,000 and up to S$100,000, and S$100 for income over S$100,000. Citizens who own more than one property receive S$100 regardless of income.
PayNow-NRIC payments are scheduled by Dec. 8. People without a PayNow-NRIC-linked bank account can receive a bank credit by Dec. 17 if they submit their bank details by Nov. 30. GovCash is for those who lack a PayNow-NRIC-linked account and have not previously provided bank details; those payments are due by Dec. 24.
The annual cash installments began in December 2022. Over the five-year period, recipients are scheduled to receive between S$700 and S$2,250 in total, depending on income and property ownership.
The Ministry of Finance (MOF) said higher inflation and household cost pressures led it to increase the broader package in 2023. Its total allocation rose from S$6.6 billion to S$9.6 billion, with the government also citing the need to cushion the effect of Goods and Services Tax increases. The wider program also covers MediSave top-ups, rebates and Community Development Council Vouchers.
