A direct cash deposit of between $400 and $950 will be distributed to eligible Singaporeans in July 2025 under the ongoing Assurance Package. This support is meant to act as a buffer to cushion citizens from continued inflation and rising living costs. The payout is staggered according to the income levels and property ownership, with higher amounts going to the lower- and middle-income groups.
Eligibility Criteria and Income Limit
A Singaporean aged 21 and above and with an income of $34,000 and below in 2023 will receive the maximum payout of $950; people earning between $34,001 and $100,000 will receive a payment within the $400-$850 range, dependent upon their exact income band. People who own more than one property will be ineligible for this payment, along with those who are non-residents of Singapore at the time of payment. The government utilizes income tax filing details and records of property ownership for an automatic search to establish eligibility.
The Form and Application Process in Special Cases
There is no need for the majority of eligible citizens to fill out any form, as the cash should be automatically debited into accounts based on existing government records. In rare cases, however, citizens with tax or residency records that have just been updated within the Agency or related government bodies (such as newly returned citizens and late filers) may be asked to submit a simple form to verify their information. They will be alerted through SMS, mail, or email if any action is required on their part.
Payment Details and Disbursement Dates
The cash deposits will be transferred directly to the bank accounts of recipients registered on PayNow using their NRIC numbers or through the bank account details registered at the Government’s MyInfo service portal. Payments will start to be processed from the second half of June 2025, and the majority of recipients can expect to have their payments completed within days of working.
Helping Citizens Weather Economic Uncertainty
This payout signifies Singapore’s effort to help its citizens sustain themselves through cost-of-living pressures. It is situated in a larger framework of successive assistance measures to guarantee that no Singaporean shall be in want during econ