The Singaporean government provides various payouts and benefits for its citizens to live a financially stable life. These benefits are of many types and for many different people, divided on the basis of eligibility. These benefits are launched by the government to help low-income individuals and senior citizens.
Top Government Benefits in Singapore That You Can Claim
There are so many benefits provided by the Singapore government, some of which we will discuss in this article. These benefits are started to provide individuals with monetary support to disabled, old, and poor people. For many people, these benefits are the only source of income. These payments help cover the daily expenses, costs of medicines, and many more expenses. Let’s discuss these benefits in detail.
The top government benefits in Singapore are:
Majulah Package
The Majulah Package is a scheme launched by the government to financially help young senior citizens who are currently in their 50s and early 60s. This package provides an additional boost to the eligible individuals, especially the people who were born from 1960 to 1973. The Majulah Package contains the following:
- Annual earn and save bonus
- One-time retirement savings bonus
- One-time medisave bonus
Assurance Package (AP)
The Assurance Package (AP) is one of the best benefits provided by the government. It is comprised of four types of payments:
- Cash: Under this payment, all the individual citizens or permanent residents of Singapore who are aged 21 and above will receive payments in cash of between $700 and $2,250. The amount may vary due to certain circumstances and eligibility.
- MediSave: It provides $450 in funding over three years (2023-2025) to assist with healthcare expenses. In February 2025, the final payment will be dispensed of $150.
- Seniors Bonus: This payment is distributed to seniors with low income. The payment of $600-$900 will be distributed to eligible senior citizens.
- U-Save: Under the U-Save benefit, all the HBD households that meet the eligibility criteria will get extra U-Save rebates from 2023 to 2026. You could get $550 to $950 for eligible HBD households.
Silver Support Scheme
The Silver Support Scheme provides continuing financial support for Singapore citizens aged 65 and above who had low income during working years and now have less in retirement. This is eligible for those who have a household income of $2,300 per person monthly. Your total CPF contributions must be up to $140,000 by the age of 55.
Workfare Income Supplement
The Workfare Income Supplement programme offers cash payments and additional CPF contributions to eligible workers, encouraging them to work and increase their CPF savings. This program targets workers whose earnings are in the bottom 20% and provides them financial support. To be eligible, you must be at least 30 years old and earn an income of at least $500. The income must not be more than $2,500 a month.
Pioneer Generation Disability Assistance Scheme
This scheme is in honour of Singapore’s pioneers, who have done so much for the country. It provides financial support for daily expenses for pioneers with moderate to severe functional disabilities. The per-month expense is provided with $100 cash payouts. People with the requirement for at least three out of these six activities of daily life are eligible:
- Eating
- Bathing
- Dressing
- transferring
- Toileting
- Walking or moving around
ComCare
Under ComCare benefits, cash assistance is provided for low-income individuals and families that are facing financial challenges for long-term or short-term. It also provides medical assistance for households. ComCare also offers social support services and job assistance, among other forms of assistance. To be eligible, you must be a Singapore citizen or permanent resident. The monthly income per capita of your household must be $800 or less.
These were the top government benefits provided by the Singaporean government. Thanks for taking time and reading the article. To know more benefits by the Singapore government and their eligibility, refer to the official website of the Singapore government.