Singapore grants cash bonuses and MediSave top-ups to help seniors cope with rising costs.

In February 2025, around 850,000 lower-income Singaporean seniors aged 55 and above will receive a cash bonus of $200 to $300, depending on their property value and income. Seniors must not own more than one property, with an annual value up to $31,000 and an income not exceeding $34,000. This $1.9 billion enhancement to the Assurance Package aims to help with rising living costs. Additionally, all Singaporeans aged 20 and below or 55 and above will get a $150 MediSave top-up.

2 months ago
4 Articles