To help alleviate cost-of-living pressures, around 2.9 million Singaporean adults will receive a one-time cash payout ranging from S$200 to S$600 (US$148 to US$446) in December 2025. This initiative is part of the broader Assurance Package, designed to provide targeted support to lower- and middle-income families, easing their financial burdens. The specific payout amount will depend on factors such as income and property ownership.
Eligible recipients will receive their payments automatically, with disbursement dates determined by their selected payment methods.
Singapore $600 Cost-of-Living Support Payment
The government’s Cost-of-Living Support initiative is aimed at helping Singaporeans cope with rising living expenses. Under the Assurance Package, the government has outlined three key areas of assistance: cash payouts, healthcare savings top-ups, and retirement fund bonuses.
By addressing both short-term financial challenges and long-term needs, this program ensures that individuals and families can receive timely relief while also securing their financial futures.
Cash Payout
A significant part of the Assurance Package, the cash payout offers direct financial support to households struggling with rising living costs. The payouts are tailored based on an individual’s income and property ownership, ensuring that those who need the most assistance receive higher payouts.
How the Payout is Determined?
- Assessable Income: Those with lower incomes will receive larger payouts to offer more substantial support.
- Number of Properties Owned: Individuals with fewer properties will be eligible for higher payouts, promoting fairness in the distribution of funds.
Payout Amounts:
- Lower assessable income and fewer properties: S$600 (US$446)
- Middle assessable income: S$400 (US$297)
- Higher assessable income or more properties: S$200 (US$148)
Payments will be automatically credited to eligible recipients starting in December, with disbursement dates varying based on the chosen payment method.
MediSave Top-Up
The MediSave Top-Up is another important component of the Assurance Package, focused on bolstering healthcare savings. MediSave is Singapore’s national medical savings scheme, which helps individuals save for their future healthcare expenses. This top-up provides both immediate assistance and long-term preparedness for healthcare costs.
Eligibility and Amounts:
- Younger Citizens (Born between 1974 and 2003): Around 1.4 million individuals will receive a top-up ranging from S$300 to S$500, based on their birth year.
- Older Citizens (Born in 1973 or earlier): These individuals will receive a larger top-up, ranging from S$1,250 to S$2,000, addressing their higher healthcare needs.
MediSave Top-Up Amounts:
- Born 1974–2003: S$300–500
- Born 1973 or earlier: S$1,250–2,000
This initiative ensures that citizens are better prepared to cover future healthcare expenses, particularly for older individuals who may have greater medical needs.
Central Provident Fund (CPF) Bonus
The CPF Bonus aims to enhance retirement savings, offering greater financial security for Singaporeans in their later years. The CPF is a mandatory savings scheme that supports citizens in retirement, housing, and healthcare. This bonus will provide an extra boost to citizens’ CPF accounts, helping them address any gaps in their retirement savings.
Eligibility and Bonus Structure:
- Eligibility: Approximately 800,000 citizens born in 1973 or earlier will receive this bonus.
- Bonus Amount: The bonus ranges from S$1,000 to S$1,500, depending on the individual’s current CPF savings.
CPF Bonus Amounts:
- Lower current savings: S$1,500
- Higher current savings: S$1,000
The bonus will be credited to CPF accounts automatically starting December 18, ensuring a smooth process for recipients.
Singapore’s Comprehensive Assurance Package
The Assurance Package is a comprehensive initiative that combines immediate financial relief with long-term support measures to assist Singaporeans in coping with rising living costs. It addresses current financial challenges while also strengthening healthcare savings and retirement funds for the future.
With initiatives such as cash payouts, MediSave top-ups, and CPF contributions, the government demonstrates its commitment to the financial well-being and security of its citizens, helping them navigate economic challenges while building a more secure future.
