Press Releases
Enhanced Support for Adult Singaporeans in December 2024
Topics
Cost of Living
Government Transfers
14 November 2024
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Eligible Adult Singaporeans to receive Assurance Package (AP) Cash, MediSave Bonus, and Retirement Savings Bonus under the Majulah Package
1 In December 2024, eligible adult Singaporeans will receive various benefits from the Government, to alleviate cost of living pressures, offset healthcare costs, and build up their savings for retirement.
2 At Budget 2024, a $1.9 billion enhancement to the Assurance Package (AP) was announced, to help alleviate cost-of-living pressures for Singaporean households and provide more support for lower- to middle-income families. This includes additional cash disbursed to eligible adult Singaporeans each December from 2022 to 2026.
3 Singaporeans born in 1974 to 2003 (inclusive) will receive a one-time MediSave Bonus to help offset healthcare costs and build up medical savings for old age. Eligible Singaporeans born in 1973 or earlier will receive a MediSave Bonus and Retirement Bonus under the Majulah Package. The lifetime cost of the Majulah Package will increase from $8.2 billion to $9 billion, with the enhancements to the MediSave Bonus in October 2024.
AP Cash
4 Under the enhanced AP, about 2.9 million Singaporeans aged 21 and above in 2025 will receive $200 to $600 in cash in December 2024.
MediSave Bonus
5 About 1.4 million Singaporeans born in 1974 to 2003 (inclusive) will receive a one-time MediSave top-up of $300 to $500 in December 2024.
6 Under the Majulah Package – MediSave Bonus, about 1.6 million Singaporeans born in 1973 or earlier will receive a one-time MediSave top-up of $1,250 or $2,000 in December 2024.
7 These MediSave top-ups were enhanced in October 2024 as part of additional Government support to offset MediShield Life premium increases, alongside upcoming enhancements to MediShield Life. Collectively, these will provide support for the healthcare costs of about 3 million Singaporeans.
Retirement Savings Bonus
8 As part of the Majulah Package, about 800,000 eligible Singaporeans born in 1973 or earlier will receive a one-time Retirement Savings Bonus of $1,000 or $1,500 in their CPF, depending on the amount of CPF retirement savings they have.
Summary
9 The range of benefits that adult Singaporeans will receive in December 2024 is summarised in the table below (see more details on the top-ups in Annex A):
Table caption
Government Benefit | Eligibility | Range of Benefits |
|---|---|---|
AP Cash | Singaporeans aged 21 and above in 2025 | $200 to $600 |
One-Time MediSave Bonus | Singaporeans born in 1974 to 2003 (inclusive) | $300 to $500 |
MediSave Bonus – | Singaporeans born in 1973 or earlier | $1,250 or $2,000 |
Retirement Savings Bonus – Majulah Package | Singaporeans born in 1973 or earlier | $1,000 or $1,500 |
Eligibility
10 Eligible recipients will automatically receive their payments starting from December 2024, depending on their mode of receiving the payment (see details in Annex B). Citizens can check their eligibility on the govbenefits website (govbenefits.gov.sg) by logging in with their Singpass.
SMSes and Letters as Modes of Notification
11 Eligible recipients will be notified via SMS in December 2024 after the benefit(s) have been credited. Recipients without a Singpass-registered mobile number will be informed through a letter sent to their address on their Singapore Identity Card.
12 To safeguard against scams, the SMS notification sent from “gov.sg” will only inform citizens of their benefit(s). Citizens will not be asked to reply to the SMS, click any links, or provide any information to the sender. No messages regarding the payments will be sent through WhatsApp or other mobile messaging platforms. For more information on the schemes, citizens may call the hotline at 1800-2222-888 or visit govbenefits.gov.sg.
Issued by:
Ministry of Finance
Ministry of Health
Ministry of Manpower