More than 2.4 million Singaporeans to receive up to S$600 to ease rising costs
OVER 2.4 million Singaporeans will receive a one-off cash payout of up to S$600 from Sept 9 as the Government steps up efforts to cushion households from rising living costs. The Cost-of-Living Special Payment, announced in Parliament in April, is pa...
In a move to alleviate the burden of rising living and energy costs, the Singapore government announced that more than 2.4 million Singaporeans will receive a one-off cash payout of up to S$600 beginning September 9. This Cost-of-Living Special Payment is part of a comprehensive S$1 billion support package aimed at households and businesses grappling with the impact of higher prices.
Eligible recipients must be Singapore citizens aged 21 or above, earning no more than S$100,000 in the 2025 tax year, and owning no more than one property. The payout varies based on the annual value of the recipient's home, with lower-value homes and lower incomes receiving higher payments. To ensure timely delivery, eligible citizens are urged to link their NRIC to PayNow by August 30.
The Ministry of Finance will notify eligible recipients via SMS and letter before and after their payments are credited. The government warns against scams, emphasizing that any official communication will only discuss benefits and will not request personal or financial information.
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