In 2025, seniors in Singapore will receive significant financial support from the government through various schemes. These initiatives aim to help elderly citizens cope with the rising cost of living and manage healthcare expenses.
The main programs include the Assurance Package (AP), Seniors’ Bonus, MediSave top-ups, and the Silver Support Scheme. Here’s everything you need to know about these payouts, how much you can receive, whether you qualify, and when the money will be disbursed.
Assurance Package (AP) Seniors Bonus
The Assurance Package Seniors Bonus is part of a larger effort to cushion the impact of GST hikes and general inflation. This cash bonus is directed at eligible older Singaporeans who meet specific income and property criteria.
To qualify, you must be a Singapore citizen aged 55 and above in 2025. Your assessable income for the Year of Assessment 2023 must not exceed S$34,000. You must own no more than one property, and that property’s annual value must be S$31,000 or less.
Eligible seniors living in properties with an annual value of up to S$21,000 will receive a cash payout of S$300. Those living in properties with an annual value between S$21,001 and S$31,000 will receive S$200.
Payouts will be made in February 2025. If your NRIC is linked to PayNow, the money will be credited to your bank account on February 5, 2025. If you receive payments via GIRO, you’ll get your money on February 13, 2025. Seniors who use GovCash will receive their funds on February 21, 2025. To receive the payment via PayNow, ensure your NRIC is linked by January 25, 2025.
MediSave Top-Up
In addition to cash payouts, seniors will also receive help with healthcare costs through a MediSave top-up. This initiative supports both older and younger citizens, including Singaporeans aged 55 and above, as well as those aged 20 and below.
Each eligible individual will receive a S$150 top-up, which will be credited directly into their CPF MediSave account on February 11, 2025. These funds can be used to pay for hospitalization, selected outpatient treatments, and other approved medical expenses.
Silver Support Scheme
The Silver Support Scheme is a long-term quarterly financial assistance program for lower-income seniors who had low earnings during their working years and have little or no family support.
To be eligible, you must be aged 65 or older. Your total CPF contributions by age 55 must not exceed S$140,000. You must be living in a 1- to 5-room HDB flat, and your household monthly income per person must not exceed S$2,300.
No application is needed, as eligibility is assessed automatically each year.
Payout amounts vary based on the type of HDB flat you live in. Seniors residing in 1- and 2-room flats will receive S$1,080 every quarter. Those living in 3-room flats will receive S$860. For 4-room flats, the payout is S$650, and for seniors living in 5-room flats that they do not own, the quarterly payout is S$430.
Payments are made every three months. The January to March payout is credited on December 31 of the previous year. The April to June payout is disbursed on March 31, the July to September payout on June 30, and the October to December payout on September 30.
Payments are made via bank transfer, PayNow linked to NRIC, or GovCash for those without a bank account.
How to Check Eligibility and Receive Payments
Seniors can verify their eligibility by logging in with their Singpass on the official government benefits website. Eligible individuals will receive an SMS from “gov.sg” once their benefit has been credited. This SMS will never contain clickable links or ask for personal information. Those without a Singpass-linked mobile number will receive a letter at the address listed on their NRIC.
If you encounter any issues with your payout, you can contact the CPF Board or visit the Assurance Package Contact Centre for assistance.
Summary
The Singapore government continues to prioritize the well-being of its senior citizens. The various 2025 support schemes, including the AP Seniors’ Bonus, MediSave top-ups, and the Silver Support Scheme, are all tailored to provide financial relief and healthcare security for the elderly. If you or your loved ones fall within the eligible categories, be sure to check your details and ensure your payment method is up to date to receive the funds without delay.