Senior Bonus for Singaporeans: Singaporean seniors are set to receive up to $900 in cash bonuses under the Assurance Package (AP) by 2025. This initiative aims to support older citizens as part of the government’s measures to cushion the impact of the Goods and Services Tax (GST) increase. With the final installment of up to $300 due in February 2025, it’s crucial to understand who qualifies, when it will be paid, and how much you’ll receive.
If you or someone you care for is aged 55 and above, this article breaks down everything you need to know—eligibility rules, payout methods, key deadlines, and even how to check your status online.
Senior Bonus for Singaporeans
| Feature | Details |
|---|---|
| Scheme Name | Assurance Package (AP) Seniors’ Bonus |
| Maximum Total Payout | $900 over 2023–2025 ($200–$300 per year) |
| 2025 Payout Amount | $200–$300 depending on age and home’s Annual Value |
| Eligibility | Singapore citizens aged 55+, income ≤ $34,000, AV ≤ $31,000, own ≤1 property |
| 2025 Payout Dates | PayNow-NRIC: From 5 Feb, GIRO: From 13 Feb, GovCash: From 21 Feb 2025 |
| How to Check Eligibility | govbenefits.gov.sg |
| Payment Modes | PayNow-NRIC, GIRO bank transfer, or GovCash |
| Administered by | Ministry of Finance, Singapore |
The $900 AP Seniors’ Bonus is a thoughtful financial cushion from the Singapore Government, ensuring that seniors are better equipped to handle the rising cost of living due to GST changes. If you meet the criteria, the February 2025 payout of up to $300 will automatically land in your bank or be available via GovCash.
This bonus not only recognizes the contribution of older citizens but also ensures financial dignity in their golden years. Make sure your details are updated so you don’t miss out.
What Is the AP Seniors’ Bonus and Why Is It Given?
The Assurance Package (AP) Seniors’ Bonus is a cash support scheme introduced by the Government of Singapore to help seniors manage the higher cost of living brought on by the 7% to 9% GST hike phased in from 2023.
To reduce the financial burden on vulnerable groups, this bonus offers up to $900 in cash payouts over three years (2023 to 2025). The amount is distributed annually and does not require a separate application—if you qualify, it’s automatic.
Who Is Eligible for the $900 Seniors’ Bonus in 2025?
To receive the final payout in 2025, you must meet all of the following criteria:
- Be a Singapore Citizen
- Reside in Singapore
- Aged 55 or above in 2025
- Assessable income (Year of Assessment 2023) not exceeding $34,000
- Annual Value (AV) of your residence (as of 31 July 2024) not more than $31,000
- Own only one property
If you own more than one property, even if unoccupied or co-owned, you are not eligible for this payout.
You can verify your eligibility securely using your Singpass login at the official website.
Senior Bonus for Singaporeans: How Much Will You Receive?
The exact cash amount depends on two main factors:
- Your age
- The Annual Value (AV) of your home
Here’s the payout breakdown:
| Age Group | Annual Value ≤ $21,000 | $21,000 < Annual Value ≤ $31,000 |
|---|---|---|
| 55–64 | $250 | $200 |
| 65 and above | $300 | $200 |
Total Bonus Over 3 Years (2023–2025)
If you’ve qualified every year, your total bonus over the 3-year period will range from $600 to $900.
When will the 2025 Payment Be Made?
The final installment of the AP Seniors’ Bonus will be disbursed in February 2025, using three modes of payment:
1. PayNow-NRIC
- Payment starts: 5 February 2025
- You must link your NRIC to PayNow at your bank by 25 January 2025
2. Bank Crediting (GIRO)
- Payment starts: 13 February 2025
- Bank details must be updated by 27 January 2025
3. Gov Cash (for those without bank accounts or PayNow)
- Payment starts: 21 February 2025
- Use your NRIC and Payment Reference Number (PRN) at any OCBC ATM with facial verification
- You do not need an OCBC bank account to use GovCash
Tip: PayNow is the fastest way to receive your payout. Check with your bank if your NRIC is already linked.
Senior Bonus for Singaporeans: How to Check or Update Your Eligibility
If you’re unsure about your status, you can log in to govbenefits.gov.sg using your Singpass to:
- Check your eligibility
- Update bank account information
- Change your preferred payment method
If you face technical issues or need help updating your information, you can also call the Ministry of Finance at 1800-2222-888 or visit your nearest Social Service Office (SSO).
Real-Life Example
Mdm Tan, 68 years old, lives in a flat with an Annual Value of $20,000 and earns $30,000 per year. She owns no other property.
She qualifies for the full AP Seniors’ Bonus and will receive $300 in February 2025, which adds up to $900 over three years.
What If You Miss Out or Have Issues?
If you think you qualify but didn’t receive payment, take the following steps:
- Log in at govbenefits.gov.sg
- Check payment status
- Contact the Ministry of Finance if your details are outdated or if you’re facing special circumstances (e.g., you inherited a property recently or are in financial hardship).
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FAQs on Senior Bonus for Singaporeans
1. Is the Seniors’ Bonus taxable?
No. The bonus is not taxable and will not affect other benefits like Silver Support or Workfare.
2. Can I choose my payment method?
Yes. You can choose PayNow-NRIC, GIRO, or default to GovCash if no method is selected.
3. How do I link my NRIC to PayNow?
Contact your bank or use your mobile banking app to register your NRIC under PayNow.
4. What if my Annual Value crosses $31,000?
You’ll be disqualified from the Seniors’ Bonus for that year, even if you meet all other criteria.
5. I own a second property that is jointly held. Am I eligible?
No. Ownership of any part of a second property disqualifies you.
