In December 2024, the Singaporean government will provide significant financial benefits to eligible adult citizens under the Assurance Package (AP) and Majulah Package. These initiatives aim to address cost-of-living pressures, support healthcare expenses, and strengthen retirement savings for citizens. The comprehensive payouts include cash deposits, MediSave top-ups, and retirement savings bonuses, ensuring holistic support for Singaporeans across various demographics.
GSTV – U-Save: Rebates for eligible HDB households to offset utility costs.
CDC Vouchers: Financial aid for household essentials, distributed in January and June 2024.
Child Development and Education Top-Ups: Funds directed to Child Development, Edusave, and Post-Secondary Education Accounts in 2023.
Majulah Package: Strengthening Retirement
The Majulah Package is tailored for Singaporeans born in 1973 or earlier, especially those aged 50–64, providing them with additional retirement savings and healthcare support.
Retirement Savings Bonus
Eligible citizens will receive a one-time Retirement Savings Bonus ranging from $1,000 to $5,100, depending on their existing CPF savings.
This bonus strengthens financial security for retirement.
Annual Earn and Save Bonus
Young seniors (ages 50–64) benefit from yearly contributions to build retirement savings gradually.
MediSave Bonus
In addition to the Assurance Package MediSave top-up, citizens born in 1973 or earlier receive an enhanced MediSave Bonus to address long-term healthcare needs.
Eligibility Criteria
The government has outlined clear eligibility requirements to ensure benefits reach those most in need:
Age: For Majulah Package bonuses, recipients must be at least 21 years old or born in 1973 or earlier.
Citizenship: Must be a Singaporean citizen residing in Singapore.
Mode of Payment: Payments are distributed automatically based on previously registered bank accounts or CPF details.
Citizens can verify their eligibility for all benefits by logging into the GovBenefits website using their Singpass credentials.
Notification and Payment Process
How Will Recipients Be Notified?
Eligible recipients will receive SMS notifications after their benefits are credited. Those without registered Singpass-linked mobile numbers will be informed via letters sent to their residential addresses.
Security Measures
SMS messages will only inform recipients of credited benefits and will not request any personal details.
No communication will occur via WhatsApp or other messaging platforms.
For more information or to clarify payment details, citizens can call the hotline at 1800-2222-888.
Frequently Asked Questions (FAQs)
1. What is the purpose of the Assurance Package?
The Assurance Package addresses cost-of-living pressures by offering cash payouts, healthcare support, and utility rebates.
2. Who qualifies for the Majulah Package benefits?
The Majulah Package targets Singaporeans born in 1973 or earlier, providing retirement and healthcare support.
3. How are MediSave Bonuses distributed?
Eligible recipients will receive their MediSave Bonuses in December 2024, ranging from $300 to $2,000 depending on age and eligibility.
4. How can I verify my eligibility for benefits?
Citizens can log into GovBenefits using their Singpass credentials to check eligibility and payment status.
5. What should I do if I don’t receive my payout?
If you have not received your benefits by the end of December 2024, contact the hotline at 1800-2222-888 for assistance.
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