In 2025, Singapore will give a one-time payment of $1,080 to entitled senior citizens under the improved Majulah Package. This payout serves as one of the measures undertaken to help lower- and middle-income elderly Singaporeans to meet with their cost of living and plan for retirement.
Who Can Get the Payout?
For the $1,080 payout, those eligible are recognized Singapore citizens born in 1969 or before, i.e., aged and 56 in 2025. Their assessable incomes for that year can be at most \$34,000, and ownership of real estate cannot exceed one property. Apart from that, they must reside in Singapore to receive the payout. In short, these criteria are made with the aim to support those elderly who are really in financial need.
Payout Composition and When It Will Be Disbursed
The payout gets disbursed in two phases. Half of the payout, amounting to \$600, will be channeled in July 2025, followed by a balance of $480 later in the year, around December. It will be through PayNow NRIC-linked accounts or bank deposits under the same arrangement that had been used by the government for previous cash payouts. For the elderly without PayNow registration or a registered bank account, they may be contacted to pick up their payouts via check or other official resumption.
Why This Would Matter
The one-time assistance of $1,080 falls under a long-term institutional design to enhance retirement adequacy of seniors who may not have whatsoever would have accrued through CPF savings or other means of income. It is an expression of the commitment on the government’s part to lessen the financial hardships faced by the elderly in dignity and security.