About 3 Million Singaporeans to Receive Final Assurance Package Cash Payout From December, Up to S$250
SINGAPORE — Singapore's Ministry of Finance announced on November 10 that about 3 million eligible citizens will receive the final cash payout under the Assurance Package from December 8, ranging from S$100 to S$250.
The amount is set in three tiers by assessable income and property ownership: citizens owning no more than one property with assessable income of up to S$39,000 will receive S$250; those with income above S$39,000 and up to S$100,000 will receive S$150; and those with income above S$100,000 will receive S$100. Recipients must be Singapore citizens aged 21 and above in 2027.
Payment dates depend on the method chosen: citizens who link their NRIC to PayNow by November 24 will be paid by December 8; those who provide bank account details by November 30 will receive the money by bank transfer by December 17; and GovCash recipients will be paid by December 24.
Assurance Package cash has been paid every December since 2022, and this is the final instalment. Over five years, each eligible citizen will have received a total of S$700 to S$2,250; last December's payout ranged from S$100 to S$600.
(Source: Singapore Ministry of Finance)
Source: Singapore Ministry of Finance
Published by GSM · USA (original Chinese edition)
Photo: 图：新加坡滨海湾（资料图）。Bijay Chaurasia 摄，CC BY-SA 4.0 授权，经 Wikimedia Commons。 / Photo: Marina Bay, Singapore (file photo). Photo by Bijay Chaurasia, CC BY-SA 4.0, via Wikimedia Commons.
