As Singapore steps into 2025, many households are set to receive a welcome boost through the government’s new cash assistance scheme. Under this initiative, eligible citizens can get up to $1,300 in direct payouts, designed to help with rising living costs, healthcare needs, and daily essentials.
The payout scheme forms part of the government’s broader social support measures for the year, focusing on low- and middle-income families, seniors, and those struggling financially.
What the $1,300 Payout Covers
The cash support is tailored to different groups, ensuring those in greater need receive higher amounts:
- Low-income citizens: Full payout of $1,300
- Middle-income citizens: Between $800 – $1,000
- Seniors (65 and above): $1,300 plus an extra $200–$300 for healthcare and living costs
- Persons with disabilities: $1,300 with additional assistance
All funds will be credited directly to bank accounts through PayNow (NRIC-linked) or GIRO, so recipients won’t need to queue or collect cash in person.
Who Is Eligible?
To qualify for the payout, applicants must meet several requirements:
- Be a Singapore citizen or permanent resident with at least 10 years of residence
- Have an annual individual income below $34,000 or household income under $100,000
- Be 21 years or older by December 2025
- Have filed 2024 income tax
- Maintain an active bank account linked to PayNow or GIRO
Who Won’t Qualify?
Not everyone is eligible. Excluded groups include:
- Individuals who have not lived in Singapore for the past 3 years
- Citizens earning more than $34,000 annually
- Those already receiving larger payouts under other government schemes
How to Apply
The application process is straightforward and fully digital:
- Check eligibility via the Gov.sg Eligibility Checker
- Log in with Singpass for verification
- Ensure your PayNow or GIRO bank details are up to date
- Fill in the online form with your personal details and income declaration
- Submit the form and monitor your application status online
Important Dates
Here are the key dates to note for the payout:
- Application opens: 15 January 2025
- Application deadline: 29 February 2025
- Funds disbursed: Starting from 25 March 2025
Why This Scheme Matters
Beyond immediate financial relief, the payout is designed to:
- Offset the pressure of inflation and higher living costs
- Support vulnerable groups like seniors and low-income households
- Cover essentials such as food, utilities, and healthcare
Importantly, the payout is tax-free, meaning recipients will receive the full amount without deductions.
Where to Get Help
If you’re unsure about your eligibility or need assistance applying, you can:
- Visit Gov.sg or the Ministry of Finance website
- Call the hotline at 1800-222-8888
- Drop by your nearest Community Centre for guidance
FAQs
Who gets the full $1,300?
Low-income citizens and senior citizens who meet all requirements.
When will the money be credited?
Payments will begin from 25 March 2025 after applications close.
Is it taxable?
No, the payout is completely tax-free.