Close to 3 million Singaporeans to receive up to S$250 in final Assurance Package payout from Dec 8

SINGAPORE: Singaporeans have one more Assurance Package cash payout coming their way, with nearly 3 million eligible adults set to receive between S$100 and S$250 from Dec 8.

The Ministry of Finance (MOF) announced on Nov 10 that this will be the final cash disbursement under the enhanced Assurance Package. The amount depends on each recipient’s assessable income and the number of properties owned.

Eligible Singaporeans aged 21 and above in 2027 can check their payment details through the government’s benefits website.

Final payout brings five-year cash support to S$2,250

The enhanced Assurance Package was introduced to help households manage living expenses, with greater support for lower- and middle-income families.

At Budget 2023, the Government added S$3 billion to the package, increasing its cash support.

Eligible adults have received annual cash payments in December each year from 2022 to 2026. Over five years, the total cash support could reach S$2,250 per person.

The package also includes rebates, Community Development Council (CDC) vouchers and MediSave top-ups.

PayNow users will receive money earlier

Those who want their money sooner should link their NRIC to PayNow by Nov 24. Recipients with NRIC-linked PayNow accounts at participating banks will receive their money by Dec 8.

Those without PayNow-NRIC but holding DBS/POSB, OCBC or UOB accounts can submit their bank details through the govbenefits website by Nov 30. Their payments will arrive through GIRO by Dec 17.

Watch out for payment scams

MOF said recipients will receive SMS notifications from the official gov.sg sender ID before and after their payments are credited.

Those without a Singpass-registered mobile number will receive a letter at their address registered with their Singapore identity card.

The ministry also warned that government officials will never ask people to transfer money or reveal their bank login details over the phone.

Anyone unsure about a suspicious message or call can contact the 24-hour ScamShield Helpline at 1799.

With this being the final cash payout, eligible Singaporeans should check their details early and choose a payment method that suits them. A few minutes spent checking could save unnecessary delays later.