From 8 December, about 3 million Singaporeans will receive $100 to $250 in cash payments under the Assurance Package. This is the final cash disbursement under the enhanced Assurance Package.
The Ministry of Finance announced disbursement details for the latest round of cash payments in a statement on Tuesday (10 November). Singaporeans aged 21 and above in 2027 will receive varying amounts of Assurance Package Cash, depending on their income and the number of properties they own.
Citizens who own no more than one property and have an assessable income of up to $39,000 for Year of Assessment 2025 (covering 1 January to 31 December 2024) will receive $250. Those with an income above $39,000 and up to $100,000 will receive $150, while those with an income above $100,000 will receive $100. Citizens who own more than one property will receive $100, regardless of income.
The Assurance Package was introduced in 2020 to help Singaporeans cope with the additional costs arising from the GST increase. In Budget 2023, the government added another $3 billion to the package to increase cash payments and further ease households’ cost-of-living burden, particularly by providing more support for lower- and middle-income households.
Besides cash payments, the package includes various rebates, Community Development Council vouchers and MediSave top-ups.
From 2022 to 2026, eligible adult citizens receive cash payments every December, totalling between $700 and $2,250 over the five years.
Link NRIC to PayNow by 24 November to receive payment by 8 December
The Ministry of Finance encouraged citizens to link their NRIC numbers to the PayNow funds transfer service. Those who do so by 24 November will receive their payments by 8 December.
Citizens who have not linked their NRIC numbers to PayNow but have a DBS, POSB, OCBC or UOB account can update their bank account details on the government benefits website govbenefits (https://govbenefits.gov.sg/) by 30 November to receive their payments via GIRO by 17 December.
Citizens who have neither linked their NRIC numbers to PayNow nor provided their bank account details can collect their payments later through GovCash. GovCash is a government benefit payment service that allows recipients to withdraw cash at more than 500 OCBC ATMs islandwide.
After their payments have been credited, recipients will receive an SMS notification from gov.sg.
The Ministry of Finance reminded the public that government officials will never ask recipients to transfer money over a phone call or disclose their bank login details. Anyone who suspects a scam can call the ScamShield Helpline on 1799 for assistance.
Cash aid a timely lifeline for woman in her 60s whose taxi-driver husband supports family of four
Zhuo Yufen, 64, and her husband Wang Yacai, 69, have three children. After their married eldest daughter moved out, the couple now live in a four-room HDB flat in Hong Kah North with their son, who is looking for work, and their younger daughter, who is still at university.
Wang, a taxi driver, covers most of the family of four’s living expenses, with their eldest daughter also contributing to household costs. However, he turns 70 next year and may cut back on his driving hours, leaving Zhuo worried about their future living expenses.
Zhuo, who has been a grassroots volunteer for 25 years, said rising prices had added to the family’s financial burden. She estimated that the four of them would receive at least $850 in cash aid next month, which would help pay for groceries and daily necessities — a “timely lifeline”.
Members of the public can visit the govbenefits website or call the hotline on 1800-2222888 for details of the Assurance Package.
