The Singapore government has announced a one-time cash payout of up to S$700 in April 2025 under the Assurance Package (AP). This initiative aims to support lower- and middle-income Singaporeans in managing the rising cost of living.
Singapore’s $700 Payout in April 2025
| Aspect | Details |
|---|---|
| Payout Amount | Up to S$700 |
| Disbursement Date | April 2025 |
| Eligibility Criteria |
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| Additional Benefits |
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| How to Check Eligibility | Log in with Singpass on the official government portal |
Assurance Package (AP) Overview
The Assurance Package is a comprehensive support measure introduced to cushion the impact of the Goods and Services Tax (GST) increase. It includes various components aimed at providing financial relief to Singaporeans.
Key Components of the Assurance Package
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Cash Payouts: Direct financial assistance to eligible citizens.
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MediSave Top-Ups: Enhancements to CPF MediSave accounts to support healthcare needs.
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U-Save Rebates: Quarterly rebates to offset utility bills for HDB households.
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CDC Vouchers: Vouchers to support spending at participating local merchants.
Eligibility Criteria for the S$700 Payout
To qualify for the S$700 payout in April 2025, applicants must meet the following conditions:
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Age: Must be 21 years old or older in 2025.
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Citizenship: Must be a Singapore citizen residing in Singapore.
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Assessable Income: Annual income must be S$34,000 or less for Year of Assessment 2024.
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Property Ownership: Must own no more than one property.
These criteria ensure that the financial support is directed toward those who need it most.
Payout Structure Based on Income and Property Ownership
The exact payout amount varies depending on the individual’s Assessable Income and property ownership status:SupportGoWhere
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Assessable Income up to S$34,000:
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Owns 0 or 1 property: S$600
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Assessable Income between S$34,001 and S$100,000:
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Owns 0 or 1 property: S$350
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Assessable Income above S$100,000:
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Not eligible for the payout.
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Note: Individuals owning more than one property are not eligible for the payout, regardless of income level.
Additional Benefits Under the Assurance Package
Beyond the cash payout, eligible Singaporeans may receive other forms of assistance:
MediSave Top-Ups
Singaporeans aged 20 and below, or 55 and above, will receive up to S$450 in their CPF MediSave accounts over 2023 to 2025, with S$150 credited each year.
U-Save Rebates
Households living in HDB flats will receive quarterly rebates on utility bills:
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1- and 2-room flats: S$95 per quarter
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3-room flats: S$85 per quarter
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4-room flats: S$75 per quarter
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5-room flats: S$65 per quarter
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Executive/Multi-Generation flats: S$55 per quarter
These rebates are provided from 2023 to 2026.
CDC Vouchers
Community Development Council (CDC) vouchers are distributed to support spending at participating local merchants, enhancing community support and local businesses.
Notification and Payment Process
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Notification: Eligible individuals will receive a notification via the Singpass app once the payout is disbursed in April 2025. For those not using the app, an SMS will be sent to the registered mobile number.
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Payment: Funds will be credited directly to the individual’s registered bank account.
How to Check Eligibility
To verify eligibility for the payout and other benefits under the Assurance Package, individuals can log in with Singpass on the official government portal.
FAQs
1. Do I need to apply for the S$700 payout?
No, the payout is automatic for eligible individuals. However, it’s advisable to ensure that your bank account details are updated on the official portal to facilitate smooth disbursement.
2. What is Assessable Income (AI)?
Assessable Income refers to your total income after deducting allowable expenses and approved donations. It includes employment income, trade income, and other income such as rental income.
3. How can I check my Assessable Income?
You can view your Assessable Income by logging into the myTax Portal using your Singpass. Navigate to Notices/Letters > Individual, and select the relevant Year of Assessment.
4. Are permanent residents eligible for the payout?
No, only Singapore citizens are eligible for the S$700 payout under the Assurance Package.
5. What should I do if I don’t receive the payout?
If you meet the eligibility criteria but do not receive the payout, you should contact the official support channels provided on the government portal for assistance.
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