The Singapore Government has announced a $1.9 billion enhancement to the Assurance Package (AP) as part of Budget 2025. This move aims to alleviate the cost of living for Singaporean households and provide additional financial support to lower- and middle-income families. Key highlights include a one-time MediSave Bonus, Retirement Savings Bonus, and an increase in benefits under the Majulah Package.
February 2025 $400-$950 Cash Deposit
| Initiative | Details |
|---|---|
| Total Budget Enhancement | $1.9 billion |
| Assurance Package (AP) | Cash payouts of $200 – $600 for Singaporeans aged 21+ in February 2025 |
| MediSave Bonus | One-time top-up of $300 – $500 for Singaporeans born between 1974 – 2003 |
| Majulah Package | Increased from $8.2 billion to $9 billion |
| Retirement Savings Bonus | One-time CPF top-up of $1,000 – $5,100 for eligible seniors |
| Official Website | govbenefits.gov.sg |
Enhanced Assurance Package (AP)
The Assurance Package (AP) was introduced to provide financial support to Singaporean households in response to cost-of-living concerns. The enhanced package includes:
- Cash Payouts:
- Singaporeans aged 21 and above will receive between $200 and $600 in February 2025.
- MediSave Top-Ups:
- One-time $300 – $500 top-up for Singaporeans born between 1974 and 2003.
- As part of the Majulah Package, those born in 1973 or earlier will receive an additional $1,250 – $2,000.
- Retirement Savings Bonus:
- Eligible 800,000 Singaporeans born in 1973 or earlier will receive a one-time CPF top-up between $1,000 and $5,100, depending on their CPF savings balance.
- Additional Support for Healthcare Costs:
- MediSave top-ups were enhanced in October 2025 to offset MediShield Life premium increases.
Majulah Package: Boosting Retirement Security
The Majulah Package is a government initiative designed to help Singaporeans born in 1973 or earlier prepare for retirement. It provides financial security through:
1. Annual Earn and Save Bonus
- Additional CPF contributions for eligible Singaporeans still in the workforce.
2. One-Time Retirement Savings Bonus
- CPF top-up of $1,000 – $5,100, based on existing retirement savings.
3. One-Time MediSave Bonus
- Additional MediSave top-up of $1,250 – $2,000.
The total cost of the Majulah Package has been increased from $8.2 billion to $9 billion, benefiting 1.6 million Singaporeans.
Eligibility and Payment Details
Who is Eligible?
- Singaporeans aged 21 and above in 2025 will receive cash payouts.
- Singaporeans born between 1974 – 2003 will receive a one-time MediSave Bonus.
- Singaporeans born in 1973 or earlier will receive a Retirement Savings Bonus and MediSave Bonus.
How to Check Eligibility?
- Citizens can check their eligibility by logging into govbenefits.gov.sg using Singpass.
Notification and Payment
- SMS Notifications: Eligible recipients will receive an SMS from “gov.sg” in February 2025.
- Letter Notifications: Those without a Singpass-registered mobile number will receive a letter.
- No WhatsApp or Other Messages: Government will not send messages via WhatsApp or social media.
- Payments Begin February 2025: Funds will be credited automatically.
For further inquiries, citizens can call the hotline at 1800-2222-888.
Additional Cost-of-Living Support Measures
The Assurance Package also includes one-off cost-of-living (COL) support from 2023 to 2025:
- Cash Payouts:
- 2023 COL Special Payment (June 2023)
- AP Cash Special Payment (February 2023)
- B2024 COL Special Payment (September 2025)
- Senior Citizen Bonuses:
- 2023 COL Seniors’ Bonus (June 2023)
- Additional CDC Vouchers:
- Issued in January 2025 and June 2025
- Additional U-Save Rebates:
- Available for eligible HDB households from 2023 to 2025
- Top-ups to Education and Child Development Accounts:
- Includes Child Development Account, Edusave Account, and Post-Secondary Education Account in 2023
Frequently Asked Questions (FAQs)
1. What is the purpose of the Budget 2025 enhancement?
The $1.9 billion enhancement is aimed at reducing cost-of-living pressure for Singaporean households and providing additional retirement and healthcare support.
2. Who will receive the MediSave Bonus?
- Singaporeans born between 1974 – 2003 will get $300 – $500.
- Singaporeans born in 1973 or earlier will get $1,250 – $2,000 under the Majulah Package.
3. How much will eligible citizens receive under the Retirement Savings Bonus?
- Eligible Singaporeans born in 1973 or earlier will get $1,000 – $5,100 credited to their CPF, depending on their savings balance.
4. How will citizens be notified of their benefits?
- SMS from “gov.sg” in February 2025.
- Letters will be sent to those without a Singpass-registered mobile number.
5. Are there any scams related to this announcement?
- The government will never ask for personal details via SMS or WhatsApp.
- Official notifications will only come from “gov.sg”.
- Citizens should check govbenefits.gov.sg for official updates.
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