Second Budget cash payouts of up to S$1,000 in the bank from June 18 for most eligible S'poreans

Right before Phase 2 starts.

Zhangxin Zheng | Fasiha Nazren | June 17, 2020, 02:08 PM

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Good news: All Singaporeans eligible for government handouts can expect a second tranche of Care and Support Package payouts from June 18, 2020.

Better news: Singaporeans whose NRIC is registered with PayNow would have received the payout from June 16, as some already have.

Best news: The money is in time for Phase 2 starting from June 19.

Here's the breakdown of amounts:

  • S$300/ S$600: Remaining Care and Support - Cash. For adult Singaporeans aged 21 and above, based on Assessable Income (AI) for YA2019.
  • S$300: Additional cash for parents. For adult Singaporeans with at least one Singapore child aged 20 and below in 2020.
  • S$100: PAssion Card Top-up in cash. For Singaporeans aged 50 and above in 2020.

Credited to PayNow account by June 18

If one's NRIC is registered with PayNow, the payout can be expected to be made by June 18.

To receive the payout via PayNow, one has to register their NRIC with PayNow through the bank by June 11.

Other methods of receiving the payout may expect it to be credited at later dates:

  • June 25: Direct bank crediting
  • Jun 30 to July 9: Cheque via mail

MediSave top-up for seniors

Apart from the cash payout, Deputy Prime Minister Heng Swee Keat, who is also the Minister of Finance, also said that some senior citizens will receive MediSave top-ups next month.

The Pioneer Generation will be getting between S$200 to S$800 top-up while Merdeka Generation will receive S$200 top-up.

Eligible seniors will be informed by end-June.

Top image from Heng Swee Keat/ FB.