The Singapore Government has approved another round of cash payouts to help people deal with the high cost of living. This new support is part of the Assurance Package and will give cash help between $400 and $850. Payments will be made from July 2025. The amount each person receives depends on income, age, and property owned.
How Much You Can Get
The support amount depends on your income and household. People with lower income will get up to $850. Those in the middle-income group can expect $400 to $700.
Several factors affect how much you will get. These include:
- Your annual income
- If you own more than one property
- Who lives in your household
Some people may also get more help through other government schemes like GST Voucher (GSTV) or Silver Support.
Here’s a table to show the estimated support:
Income Group | Estimated Support |
Lower-income | Up to $850 |
Middle-income | $400 – $700 |
When Payments Will Start
The government will start giving out payments in the first week of July 2025. If you qualify, the money will be sent directly to your bank account.
There are two main ways people will get the money:
- Through PayNow using NRIC
- Through the bank account linked to CPF
If your bank details are not updated, your payment may be delayed. You might receive a cheque instead. The government advises everyone to update their records on Singpass to avoid delays.
Why This Help Is Being Given
The cost of living in Singapore is rising. Things like food, transport, and electricity are more expensive now. People are feeling the pressure, especially those with lower incomes.
This support helps those who need it most. The government uses a tiered system. This means people with less money get more help. It is a fair way to give out funds and still save money for the country.
What You Should Do Next
You do not need to apply for this payout. The government will check who is eligible using past tax returns and CPF information.
If you qualify, you will be notified through:
- SMS
- Singpass or government website
Make sure your contact and bank details are correct on Singpass. This will help you get your payout faster.
Conclusion
Singapore’s new $400 to $850 payout under the Assurance Package will give important help to people facing higher costs. Lower and middle-income residents will receive this support based on their personal and household information. No application is needed, and payments will begin in July 2025. All residents should make sure their bank and contact details are updated on Singpass to receive their payment without delay.
FAQs
What is the payment amount?
Between $400 and $850.
When will payments start?
In July 2025.
Do I need to apply?
No, it is automatic.
How will I get the money?
Through PayNow or bank transfer.
What if my bank info is not updated?
You may get a cheque instead.