SINGAPORE – To provide timely support amid rising living costs, the Singapore government has announced that eligible citizens will receive up to $700 in cash payouts starting April 18, 2025, under the expanded Assurance Package (AP). This initiative is part of a larger national effort to ease inflation pressures and ensure that Singaporeans can better cope with everyday financial demands.

The $700 payout is not a one-off gesture, but a key pillar in a multi-year, strategic approach to help households manage expenses, save for the future, and build resilience. Here’s everything you need to know about the payout—who qualifies, when you’ll receive it, and what other benefits are included in the 2025 package.

Why Is the Government Giving $700 Cash?

The $700 cash payout is part of the Assurance Package, introduced to offset the impact of the Goods and Services Tax (GST) hike and provide general relief for rising costs. The initiative aims to help all Singaporeans—especially lower- and middle-income families—maintain financial stability during uncertain global economic conditions.

In the 2025 Budget Statement, Deputy Prime Minister and Finance Minister Lawrence Wong stressed that this payout is a sustainable and thoughtful measure, not just short-term relief. It is backed by careful fiscal planning, supported by government surplus and long-term financial strategies.

Quick Summary: Key Facts About the Payout

Who Is Eligible?

To qualify for the $700 cash payout in 2025, all the following conditions must be met:

• Singapore Citizen as of 2025

• Aged 21 or older

• Annual Assessable Income of ≤ S$100,000 (as per YA 2023)

• Own no more than one property

The Ministry of Finance (MOF) uses existing government records to determine eligibility. There’s no need to apply manually.

To check your status, visit govbenefits.gov.sg and log in with your Singpass.

How Will the Money Be Disbursed?

Starting April 18, 2025, funds will be disbursed automatically through the following channels:

✅ 1. PayNow (Recommended)

• Fastest method

• Ensure your NRIC is linked to your PayNow account via your bank

🏦 2. GovCash

• For individuals without PayNow

• Withdrawable from OCBC ATMs without a card using Singpass QR

✉️ 3. Cheque via SingPost

• Final fallback for those not using PayNow or GovCash

What Other Benefits Are Included in the 2025 Assurance Package?

The $700 payout is just one part of a larger support plan. Here’s what else Singaporeans can expect in 2025:

📦 CDC Vouchers (S$300 per household)

Redeemable at hawker stalls, markets, and heartland shops—great for groceries and meals while supporting local businesses.

💰 GST Voucher – Cash (Up to S$850)

Cash payouts based on income and housing type:

• For lower- to middle-income earners

• Tiered to ensure fairness

🏥 GST Voucher – MediSave (Up to S$450)

Top-ups for CPF MediSave accounts:

• For seniors aged 65 and above

• Helps with long-term medical planning

📈 Earn and Save Bonus (S$400 to S$1,000)

For working seniors aged 52 and above:

• Receive CPF top-ups depending on monthly income (S$500 to S$6,000)

• Encourages continued employment and strengthens retirement adequacy

Timeline for Key Benefits

How to Ensure a Smooth Payout

To avoid missing out or facing delays:

• ✅ Link NRIC to PayNow via your bank’s app or website

• ✅ Update contact and banking details

• ✅ Use Singpass to check eligibility and voucher claims

• ✅ Watch for official updates via SMS, emails, or Gov.sg

Why This Payout Matters

With inflation impacting household budgets globally, this Assurance Package offers both immediate relief and future-oriented planning. The $700 payout, combined with MediSave top-ups and vouchers, ensures that all Singaporeans—from seniors to working adults—can manage short-term needs while preparing for the long haul.

For example:

• A family of four living in an HDB flat could receive over S$2,000 in total benefits in 2025

• A working senior earning S$2,000/month could receive up to S$1,700 through CPF top-ups and cash payouts

FAQs – $700 Cash Payout for Singaporeans in 2025

❓ Do I need to apply?

No. If eligible, the payout is processed automatically.

❓ How do I know if I qualify?

Visit govbenefits.gov.sg and log in using Singpass.

❓ What if I don’t have PayNow linked to NRIC?

You’ll receive your money via GovCash or cheque, but PayNow is faster and safer.

❓ Are Permanent Residents (PRs) eligible?

No, only Singapore Citizens qualify for this specific payout.

❓ Will this affect my taxes or future benefits?

No. This payout is non-taxable and won’t count as income for other schemes.

Final Thoughts

The $700 cash payout in 2025 stands as a clear example of Singapore’s commitment to economic inclusivity and support. More than just a temporary relief measure, this initiative aims to protect, empower, and uplift citizens amid a changing global economy.

By combining practical help today with future-focused policies, the Assurance Package is a long-term safety net for every eligible Singaporean household.

Make sure your banking info is up-to-date—and don’t forget to spread the word to friends and family so everyone can benefit.