All Adult Singaporeans to Receive up to S$800 in Assurance Package Support in December

CNA2023-11-15

SINGAPORE: All Singaporean adults will receive between S$200 (US$148) and S$800 in December this year under the Assurance Package, which aims to help with inflation and cost of living concerns. About ...

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Sgn532
2023-11-15
Sgn532
Can offset 10yrs? Laughing
zetora420
2023-11-15
zetora420
Thank you.

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Payouts are disbursed over five years, from 2022 to 2026.Deputy Prime Minister and Minister for Finance Lawrence Wong announced at Budget 2023 that the government would enhance the Assurance Package to account for higher inflation and provide additional one-off support to Singaporeans to address immediate cost of living concerns. \"This enhancement ensures that the Assurance Package will continue to offset additional GST expenses for the majority of Singaporean households for at least five years, with around ten years offset for lower-income households,\" said MOF.Mr Wong also announced in September an additional S$1.1 billion Cost-of-Living (COL) Support Package to provide more relief for Singaporean households.The cost-of-living support package includes a S$0.8 billion enhancement to the Assurance Package, bringing the Assurance Package to over S$10 billion.Besides the Assurance Package support in December, eligible Singaporeans will also receive further support in January and February 2024. This comes in the form of U-Save rebates, Community Development Council (CDC) vouchers, service and conservancy charges (S&CC) rebates, an Assurance Package Seniors' Bonus and MediSave top-ups. MODES OF PAYMENTSingaporeans can check their eligibility for both cash payments via the Assurance Package official website by logging in with their Singpass.The Assurance Package Cash and Cash Special Payment will be disbursed together in a lump sum, said MOF.The ministry added that it encourages Singaporeans to link their NRIC to PayNow by Nov 19. Those who do so can receive their cash payments as early as from Dec 5. Those without PayNow-NRIC linked bank accounts can update their bank account information at the Assurance Package website by Nov 27 to receive the payment from Dec 13. Citizens on GovCash, which has replaced cheques as a mode of payment, can withdraw their payment at OCBC ATMs islandwide. 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