Press Releases

1.  At Budget 2024, a $1.9 billion enhancement to the Assurance Package (AP) was announced to help alleviate cost-of-living pressures for Singaporean households and provide more support for lower- to middle-income families. The enhanced Assurance Package includes support for lower-income Singaporean seniors through extra cash payouts. It also encompasses MediSave top-ups for Singaporeans aged 20 years and below, and 55 years and above in 2025, to help offset healthcare costs and build up medical savings for old age.

2.  Under the AP, eligible Singaporean seniors will receive AP Seniors’ Bonus totalling $600 to $900 over three years. All Singaporeans aged 20 years and below, and 55 years and above, will also receive AP MediSave top-ups totalling $450 over three years. These benefits were first announced in Budget 2022 and disbursements are made annually, from 2023 to 2025.

AP Seniors’ Bonus

3.  About 850,000 lower-income senior Singapore citizens aged 55 years and above will receive $200 to $300 from the AP Seniors’ Bonus in February 2025. This cash benefit will be given to seniors residing in Singapore, who do not own more than one property, living in properties with Annual Value (AV) of up to $31,000, and with Assessable Income (AI) (based on Year of Assessment 2023, i.e., income earned in 2022) not exceeding $34,000.

4.  Eligible seniors will be able to receive their cash payouts as early as 5 February 2025 via PayNow-NRIC, depending on their mode of receiving payment (see more details on eligibility criteria in Annex A, and details on modes of payment in Annex B).

AP MediSave

5.  In February 2025, every Singaporean aged (i) 20 years and below, or (ii) 55 years and above, will receive an AP MediSave top-up of $150 in their CPF accounts. About 2 million Singaporeans residing in Singapore will benefit from this top-up, regardless of the AV of their homes or their AI. These payments will be automatically credited to citizens’ CPF accounts from 11 February 2025.

SMSes and Letters as Modes of Notification

6.  Eligible recipients will be notified via SMS after the benefit(s) have been credited in February 2025. Recipients without a Singpass-registered mobile number or who do not receive an SMS will be notified through a letter sent to their address on their Singapore National Registration Identity Card (NRIC). All AP MediSave recipients aged 16 and below will receive a letter addressed to their parents or guardian, informing them of the benefit received in their child’s CPF account.

7.  To safeguard against scams, the SMS notification sent from “gov.sg” will only inform citizens of their benefit(s). Citizens will not be asked to reply to the SMS, click any links, or provide any information to the sender. No messages regarding the payments will be sent through WhatsApp or other mobile messaging platforms.