(Singapore, 15/11/2022) Eligible Singaporeans will receive up to S$700 in cash payouts next month, as part of measures to help them cope with the GST increase and rising cost of living, the Ministry of Finance (MOF) announced on Tuesday (Nov 15).
About 2.9 million adult Singaporeans will receive up to $200 in cash under Assurance Package (AP), while about 2.5 million adult Singaporeans will receive up to $500 in cash, under the Cost-of-Living (COL) Special Payment.
The one-off COL Special Payment is part of the $1.5 billion Support Package announced by Deputy Prime Minister and Minister for Finance Lawrence Wong last month to provide cost-of-living relief for Singaporean households, with more support for lower- to middle-income groups.
Singaporeans can check their eligibility for the AP cash and COL special payment at the AP official website by logging in using Singpass. Eligible recipients will be notified in December 2022 after the AP Cash and COL Special Payment have been credited to them, either via their Singpass app inbox or SMS notifications
Citizens are encouraged to link their NRIC number to PayNow by Nov 20 to receive their AP cash and COL special payment as early as from 5 Dec 2022.
The payments will be disbursed on Dec 12 for those who opt to have it credited to their bank accounts.
For recipients who do not link their NRIC number to PayNow or provide their bank account details, GovCash has replaced cheques as the mode of payment. They can withdraw their cash payouts at OCBC ATMs islandwide by entering their Payment Reference Number (PRN) that will be sent to them from 14 December 2022 and NRIC.
Other than AP cash and COL special payment, additional following benefits will be disbursed to eligible group of citizens in January and February.
- In January 2023, eligible HDB households will receive additional GST Voucher (GSTV) – U-Save of up to $95 to offset utilities bills. This is on top of the regular GSTV – U-Save under the permanent GSTV scheme of up to $95 for eligible HDB households.
- In January 2023, every Singaporean household will receive a total of $300 CDC Vouchers. This comprises $200 CDC Vouchers under the AP and $100 CDC Vouchers from the $1.5 billion Support Package announced in October 2022. The CDC Vouchers can be used at participating heartland merchants and hawkers, and supermarkets.
- In February 2023, lower-income senior Singaporeans will receive up to $300 cash, under the GSTV – Cash (Seniors’ Bonus).
- In February 2023, eligible seniors aged 55 years and above, and children aged 20 years and below will receive $150 in their CPF MediSave Account under the AP MediSave.