The Senior Citizens' Bonus helps lower-income elderly who have
to meet living expenses out of their savings. All Singaporeans aged
55 and above, and have an annual income of $100,000 or less, would
receive the Senior Citizens' Bonus.
The Senior Citizens’ Bonus scheme is closed.
To receive Senior Citizens’ Bonus, you must:
- Be a Singapore citizen;
- Be aged 55 or above in the year of payout;
- Have an annual Assessable Income of $100,000 or less in the Year of
Assessment preceding the year of payout; and
- Sign up for your GST Credits by 31 December of the year of payout.
There is no need for a separate sign-up for Senior Citizens’ Bonus.
The amount of Senior Citizens' Bonus you can receive depends on:
(i) The Annual Value (AV) of your home in 2007 if your NRIC address has not changed since 31 December 2007*; and
(ii) Your Assessable Income (AI) for the Year of Assessment preceding
the year of payout (for example, your 2010 payout depends on your
AI for Year of Assessment 2009, which is the income you earned in
calendar year 2008 as assessed by IRAS);and
(iii) Your Age in the year of payout.
* Your payouts would be determined based on the AV of your home in
2007 if you have stayed in the same residence since then. If you
newly qualify (i.e. new citizen or newly turned 21), your payouts
would be determined based on the AV of your home in the preceding
year if you stayed in the same residence. If you have changed your
address, the AV of your new home in the year of change would be
applied in determining your payouts from the subsequent year onwards
after the change is reflected in your NRIC. For instance, if your
NRIC address is changed in 2009, the AV of your new home in 2009
would be used for your 2010 payout.
The Senior Citizens' Bonus (SCB) would be based on the same tiers
as the GST Credits, with 2/3 in cash and 1/3 in the CPF Medisave
1 If you have stayed in the same residence since 2007,
the AV cut-offs of $5,000 and $10,000 apply. Where payouts are determined
based on the AV of your home in 2008 or 2009 because you newly qualify
for payouts or have changed your NRIC address in 2008 or 2009, the
AV cut-offs of $6,000 and $11,000 apply.