A one-time payout amounting to up to $900 will be given to eligible seniors as one of the social support measures for 2025 by the Government of Singapore. The initiative is ongoing, in an attempt to alleviate the ever-increasing living costs and inflation putting a strain on older Singaporeans, especially those in the lower- and middle-income strata. This payout will provide timely relief, keeping in line with the ongoing higher-level effort to ensure dignity and well-being for aging citizens.
Conditions for Receiving the Senior Bonus
The conditions for eligibility for the payout state that those receiving its benefits should be Singapore citizens aged 65 and above in 2025. The criteria for eligibility will be based on both income levels and property ownership. Recipients shall have assessable income not exceeding $34,000 per annum; and shall stay in properties with an annual value of $21,000 or below. Those who own more than one property shall not be eligible to receive any payout. Depending on the income and housing criteria, the amount may differ for each senior, with those with lower income levels qualifying for a full payout of $900.
Schedule of Payouts and Mode of Disbursement
The senior payout will be administered in two instalments: one payment in August 2025, followed by the second payment in December 2025. The payout payments will be credited into the bank account of the senior citizen through PayNow or GIRO if he/she has registered a bank accounts. A senior without a bank account may opt to receive the payout through a cheque or may claim it at designated community centers.
Other Support Schemes
Other major support schemes offered to counter the impact of the GST increase include the Assurance Package, to which the cash payout of $900 will be added. The senior citizens may be entitled to benefit from GST Vouchers and CDC vouchers, among others, to provide layered support for basic necessities of food, medical care, and daily living.
Summary
With the $900 Senior Payout in 2025, Singapore continues to push for meaningful financial support for its aging population. Seniors are urged to ensure their bank details are accurate and look out for the government sending notifications in the coming months for disbursement dates and eligibility checks.