In a major boost to older citizens, Singapore has announced a $900 Senior Bonus under the enhanced Assurance Package for 2025. This generous payout aims to ease the burden of rising living costs and reward the lifelong contributions of seniors. Targeted at eligible older Singaporeans, the bonus will be disbursed in cash no applications needed. It’s a part of the government’s broader strategy to support the silver generation.
Who Is Eligible for the Bonus?
To receive the Senior Bonus of up to $900, Singaporeans must be aged 55 and above in 2025 and meet certain income and property ownership criteria. The amount each senior receives varies depending on their annual income and housing type. Those in the lower-income bracket living in smaller HDB flats will receive the full amount, while higher-income seniors may receive a smaller bonus or none at all.
How and When Will It Be Paid?
The $900 bonus will be delivered in two instalments one in early 2025 and the next by mid-year. Payments will be directly credited to the recipient’s PayNow-linked bank account or CPF-linked account. Seniors who haven’t set up PayNow may experience delays, so the government strongly encourages digital setup to ensure timely payments. The Ministry of Finance has confirmed that this disbursement will be automatic based on existing records.
Why This Support Matters
This bonus isn’t just a one-off gift it reflects Singapore’s commitment to ensuring its ageing population is not left behind. Rising healthcare costs, daily essentials, and inflation can take a toll on retirees with fixed or limited incomes. The Senior Bonus forms part of a wider Assurance Package which also includes GST vouchers and MediSave top-ups, aiming to provide comprehensive support.
Make Sure You Don’t Miss Out
To check your eligibility and ensure your banking details are up to date, log into MyInfo or the LifeSG app. Misinformation has been circulating, so always rely on official channels for announcements. Don’t wait until the last minute getting your digital setup ready ensures you get the full benefits without hiccups.