SINGAPORE:  ,  , Eligible Singaporeans will receive between S$ 200 ( US$ 151 ) and S$ 400 next month,  , as part of measures to help them cope with cost-of-living concerns.
More than 2.4 million Singaporean adults will receive this one-off cash payment , under the Assurance Package, said the Ministry of Finance ( MOF ) on Tuesday ( Aug 13 ).  ,
It will be disbursed to all Singaporeans aged 21 and above in 2024,  , with an assessable income of not more than S$ 100, 000 in the Year of Assessment (YA ) 2023. Additionally, they are required to never possess more than one home.
The payout, ranging from S$ 200 to S$ 400, will depend on the recipient’s assessable income.
The package was  , first announced at Budget 2020 , to help offset additional goods and services tax ( GST ) expenses. Rewards are disbursed over five times, from 2022 to 2026.
Deputy Prime Minister and Minister for Finance Lawrence Wong announced at , Budget 2024 , that the government would boost the Assurance Package by a more S$ 1.9 billion  , to assist with cost-of-living problems.
Besides the cash payment in September, eligible Singaporeans will also receive further support, including , U-Save rebates, Community Development Council ( CDC ) vouchers, service and conservancy charges ( S&, CC ) rebates, additional cash payout and an Assurance Package Seniors ‘ Bonus,  , in the coming months.