2.9 million S'poreans to get S$200 to S$600 cash in Dec. 2024

A total of 2.9 million Singaporean adults aged 21 and above will receive S$200 to S$600 in cash in December 2024.

The quantum varies depending on one's assessable income and number of properties owned.

This cash disbursement is part of an enhancement to the Assurance Package that was announced at Budget 2024.

As part of the enhancement, Singaporean adults will receive cash payouts each December from 2022 to 2026.

The payout is meant to alleviate cost-of-living pressures for Singaporean households and provide more support for lower- to middle-income families.

Cash payout to be credited from Dec. 5

Those who have linked their National Registration Identity Card (NRIC) to PayNow will receive their Assurance Package cash payout from Dec. 5.

Those who have not done so can link their NRIC to PayNow by Nov. 23 to receive the cash payout from Dec. 5 as well.

Citizens without PayNow-NRIC linked bank accounts but have a DBS/POSB, OCBC, or UOB bank account, may provide their bank account information at the govbenefits website by Nov. 27.

They will then receive the cash benefits via GIRO from Dec. 16.

Other benefits

Eligible Singaporeans will also receive other benefits in December.

These include:

• a one-time MediSave top-up of S$300 to S$500 for Singaporeans born in 1974 to 2003 (inclusive)
• a one-time MediSave top-up of S$1,250 or S$2,000 for Singaporeans born in 1973 or earlier
• a one-time retirement savings bonus of S$1,000 or s$1,500 in their CPF for Singaporeans born in 1973 or earlier

Singaporeans can check their eligibility for these benefits on the govbenefits website.

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