Top Government Benefits in Singapore That You Can Claim: Here’s The List: Singapore has introduced a new unemployment support scheme to assist approximately 60,000 individuals actively seeking employment under the program. Eligible job seekers will receive financial aid of up to SGD 6,000 over six months.
Top Government Benefits in Singapore
These benefits are of many types and for many different people, divided based on eligibility. The applicants must adhere to the government guidelines when filling out the claim form. The recipient will receive the payment directly into their bank account.
Majulah Package
The Manjulah package aims to provide Singapore Citizens born in 1973 or earlier, especially those born in 1960 to 1973 (“Young Seniors”, currently in their 50s and early 60s), with an additional boost for their retirement. The Manjulah Package comprises the following:
- Annual Earn and Save Bonus
- One-Time Retirement Savings bonus and
- One-time Medisave bonus.
Every Singaporean born in 1973 or earlier will receive at least one component of the Majulah package will benefit about 1.6 million Singaporeans.
MediSave Bonus
The 2024 Medisave Bonus will be given to Singaporeans born in 1974 to 2003 to help offset healthcare costs and build medical savings for old age.
As announced at Budget 2024, a one-time Medisave Bonus will be provided to all adult Singaporeans between the ages of 21 and 50 to help offset healthcare costs and build up medical savings for old age.
In October 2024, the MediSave Bonus was enhanced by $200 to provide added assurance for healthcare.
Assurance Package
It comprises cash, rebates, top-ups and CDC vouchers to help lower and middle-income Singaporeans and households cushion the GST Increase. The Assurance Package is on Top of the permanent GST Voucher scheme to help Singaporean households cushion the impact of the 2% GST rate increase.
The AP comprises cash payments for all adult Singaporeans, additional cash for lower-income seniors, rebates, MediSAVE Top-ups for children and seniors and community Development Council Vouchers for Singapore households.
GST Voucher
The GST Voucher scheme provides cash payments, top-ups, and rebates to aid lower and middle-income Singaporeans and households defray their GST expenses.
The Permanent GST Voucher scheme was introduced by the Government in 2012 to help lower and middle-income Singaporean households with their expenses, in particular what they pay in Goods and Services Tax (GST). Each of the four components provides support for their health care needs: Cash for their immediate needs; MediSave for seniors to support their healthcare needs; U-Save to offset their utilities bills; and Service and Conservancy Charges (S&CC) Rebate to offset their S&CC.
The GST vouchers cover 4 Areas:
- Cash
- MediSave
- u-Sve
- S&CC rebate
Silver Support Schme
The Silver Support Scheme provide a cash supplement to senior Singaporeans who had a low income during their working years and who have less income in retirement. The Silver support scheme provides continuing financial support for Singapore citizens aged 65 and above, who had a low income during their working years and now have less in retirement.
Workfare Income Supplement
The Workfare Income Supplement scheme is a broad-based measure that provides lower-income workers with cash payments and additional CPF contributions. The Workfare Income Supplement scheme encourages eligible workers to work and build up their CPF savings by providing them with cash payments and additional CPF contributions.
Pioneer Generation Disability Assistance Scheme
This Scheme is in Honour of Singapore`s pioneers, who have done so much for the country. It provides financial support fr daily expenses for pioneers with moderate to severe functional disabilities. The per-month expense is provided with $100 cash payouts.
Conclusion
In this article, we discussed the Top Government Benefits in Singapore That You Can Claim. Under Com Care benefits, cash assistance is provided for low-income individuals and families who are facing financial challenges, for long-term and short-term. This Scheme is in Honour of Singapore`s pioneers, who have done so much for the country. The recipient will receive the payment directly into their bank account.
FAQs
1. What are the benefits of Singapore?
Central Provident Fund Account entitlement, housing priority, ease of housing buy and rent, no Additional Buyer`s stamp Duty on your First home, education subsidies and contributions for your Children.
2. Who is eligible for the Singapore grant?
You must be a Singapore Citizen Resident who is 18 years old or above and residing in Singapore. Singpass will be required to log in to the OurSG Grants portal to apply.