About 3 million Singaporeans to receive S$100 to S$250 Assurance Package cash payouts in December
Eligible recipients will be notified via SMS sent from the gov.sg Sender ID before and after the funds are credited
The Singapore government plans to distribute around three million cash payouts of S$100 to S$250 to eligible adult Singaporeans in December, concluding the enhanced Assurance Package (AP). This announcement was made on November 10, as part of Budget 2023 initiatives aimed at providing support for lower-to-middle-income households.
Over the next five years, from 2022 to 2026, eligible individuals aged 21 and older will receive up to S$2,250 in payments. To qualify, applicants aged 21 and above in 2027 must possess no more than one property and have an assessable income of S$39,000 or less. Those earning between S$39,001 and S$100,000 will receive S$150, while individuals earning over S$100,000 or owning multiple properties will receive S$100.
Eligible recipients can verify their status by logging into the govbenefits.gov.sg portal with their SingPass details, or receive a notification letter if they lack a SingPass-registered mobile number. Faster payouts are available to those who link their NRIC to PayNow by November 24, with payments made via Giro by December 17 for those without PayNow-NRIC-linked accounts but holding a DBS/POSB, OCBC, or UOB bank account.
The Assurance Package has been bolstered by an additional S$3 billion since its inception in Budget 2023, totaling S$9.6 billion in cash disbursements.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
