**Assurance Package **2025
Inflation has been hitting all of us hard this year, and it doesn’t look like things will get any better. Plus, we’re already in year 2 of the GST increase to 9%. To help tide us Singaporeans through these rough financial times, the Singapore Government announced a whole slew of measures meant to cushion these hits to our wallet. Enter the Assurance Package.
Here’s a quick primer on the Assurance Package if you’ve already forgotten: the Assurance Package is a series of cash payouts made to eligible Singaporean Citizens over 5 years from 2022-2026. Each payment is disbursed in December, and the 2025 edition can see you getting up to $600! Keep on reading for all you need to know, whether you’re eligible or not, and what it means for you.
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**Assurance Package **2025
Inflation has been hitting all of us hard this year, and it doesn’t look like things will get any better. Plus, we’re already in year 2 of the GST increase to 9%. To help tide us Singaporeans through these rough financial times, the Singapore Government announced a whole slew of measures meant to cushion these hits to our wallet. Enter the Assurance Package.
Here’s a quick primer on the Assurance Package if you’ve already forgotten: the Assurance Package is a series of cash payouts made to eligible Singaporean Citizens over 5 years from 2022-2026. Each payment is disbursed in December, and the 2025 edition can see you getting up to $600! Keep on reading for all you need to know, whether you’re eligible or not, and what it means for you.
What is the Assurance Package?
The Assurance Package was first announced during Budget 2020, with a fund of $6 billion. Working in conjunction with the existing GST Voucher scheme, it’s intended to help defray the higher cost of living associated with a GST increase. There are 5 main components to the Assurance Package:
- Cash payouts. Singaporeans aged 21 years and over will receive cash payouts between $700 and $2,250, depending on their income and property ownership. These payouts will gradually be dispensed over 5 years from 2022 to 2026, in the month of December.
- CDC vouchers. Distributed to every eligible Singaporean household, these vouchers are redeemable at participating heartland shops and hawker centres, as well as major supermarkets and grocery stores, such as NTUC Fairprice, Giant, and Sheng Shiong.
- Senior’s Bonus cash payouts. Additional cash will be disbursed to seniors aged 55 years and above. The amount ranges from $200 to $300, and varies based on age group, income level, and property ownership.
- Additional GST Vouchers (U-Save). Eligible households will receive additional U-Save rebates on top of those in the GST Voucher scheme. Meant to offset utility bills, the rebate amount credited depends on the size of your HDB flat.
- Medisave Top-ups. Singaporeans aged 20 years and below or 55 years and above will receive a Medisave top-up of $150 each year from 2023 to 2025, totalling up to $450.
Image credit: Unsplash
Assurance Package 2025 summary
These are the main Assurance Package benefits Singaporeans can expect to receive in 2025, as well as their corresponding eligibility criteria:
Component Amount Payout method Eligibility Payout month Cash – PayNow-NRIC, Bank crediting, or GovCash Singapore citizens residing in Singapore, aged 21 and above in 2025 Dec 2025 $600 Accessible Income up to $39,000 $350 Accessible Income more than $39,000 and up to $100,000 $100 Accessible Income more than $100,000 $100 Owns more than 1 property MediSave top-up $150 CPF MediSave account Singaporean 20 years and below or 55 years and above Feb 2025 Senior’s bonus – PayNow-NRIC, Bank crediting, or GovCash – Singapore citizen residing in Singapore, aged 55 and above in 2025
– Accessible Income <$34,000
– Annual Value of home <$31,000
– Must not own more than 1 property
Feb 2025 $300 65 years and above, Annual Value of home up to $21,000 $250 55 to 64 years old, Annual Value of home up to $21,000 $200 Annual Value of home more than $21,000 to $31,000 U-Save – Directly offsets household’s utilities bills – Living in HDB flat
– Owners, occupiers, & tenants do not own or have any interest in more than one property
– If flat is partially rented or not rented out: have at least one Singaporean owner or occupier in the household
– if flat is entirely rented out: have at least one Singaporean tenant
Jan & Jul 2025 $190 1- and 2-room flat $170 3-room flat $150 4-room flat $130 5-room flat $110 Executive/Multi-Generation flat CDC vouchers $800, split into $500 & $300 Redeem through CDC Voucher website Every Singaporean household May 2025 & Jan 2026
Who is eligible for the Assurance Package cash payout?
With more than 3 million Singaporeans qualifying for the Assurance Package cash payout, many of us must be wondering about the eligibility criteria, and how much we’ll be receiving exactly.
For starters, you have to be a Singaporean Citizen residing in Singapore, and aged 21 years and above in the reference year in order to be eligible for payouts in the first place. To give a more concrete example: if you’re only turning 20 in 2025, then you won’t be eligible for the first year, but after that, you’ll be eligible from 2025 to 2026.
The actual amount that you’ll receive is based on 2 factors: the number of properties you own and your Assessable Income (AI) for the year. The latter basically takes into account all the income you get from sources like your employment and rental income. To find out your AI, you can check your tax bill or Notice of Assessment on the IRAS website.
If you own more than one property, then you’ll just get either $100 or $200 annually over the 5 years, for a total of $700 for 5 years.
If you own just one property or none at all, then the next criterion to determine your payout amount is your AI.
If your AI is $39,000 and below, then you’ll receive the highest quantum from the Assurance Package, with payouts of $200-$600 over 5 years, amounting to a total of $2,250. If you have an AI of over $100,000, you’re considered a high-income earner and so will naturally receive lower payouts, of $100 or $200 for a total of $700.
Bear in mind that the AI is based on the Year of Assessment for 2024, and doesn’t scale with the years. This means that even if you get a significant pay raise in subsequent years which brings you to a higher AI bracket, you’ll still be eligible for the bracket that you were in for 2024.
To find out more details about your own eligibility as well as the exact amount you’ll be receiving, you can login to the e-services online portal on the Assurance Package website with your Singpass account.
*Image adapted from: *GovBenefits
Other payouts to help cushion the impact of the GST increase
As we’ve mentioned before, the Assurance Package is not just the 5-year cash payouts. In fact, there are a whole range of other schemes under the Assurance Package, all of which are essentially disbursing cash to help Singaporeans.
Image credit: Ministry of Finance
For Budget 2025, the government unveiled enhancements made to the Assurance Package, which total up to $1.2 billion. These enhancements include:
- Extra CDC Vouchers. An additional $800 in CDC Vouchers, $500 of which were dispensed in May 2025, and the other $300 of which will be dispensed in January 2026.
- Cost-of-Living (COL) special payment. A one-off cash payment to help offset utility expenses up to $760, depending on income. This is paid out in April and October 2025.
- COL and Service and Conservancy Charges (S&CC) Rebate. A one-off rebate for S&CC charges, which is a fee that goes towards the upkeep of common properties on HDB estates.
How can I receive the Assurance Package cash payouts?
Assurance Package Cash payouts will take place every December, until 2026. You can receive the cash in several ways.
The easiest way is to link your NRIC to your PayNow. Once you do, you’ll receive it like any other normal PayNow transfer.
Otherwise, you can provide your bank details to the government through the Assurance Package e-services portal. You can also update your bank details there if they are outdated. Just FYI: although they previously issued payouts in the form of cheques, it’s been phased out as of 2022.
If you somehow bypass both steps for whatever reason, then the “last resort” will be for you to receive it via GovCash. GovCash can be withdrawn through the LifeSG mobile app, or through OCBC ATMs. Find out more aboutGovCash.
The Assurance Package to help Singaporeans
All in all, the Assurance Package is certainly a welcome initiative by the Government to help assuage the concerns of Singaporeans about the impending GST increase.
While we can only wait and see if there will be additional measures to help us defray some of the increased costs, it’s great to hear that we’ll receive some additional cash from as early as next month, so be sure to link your PayNow to your NRIC to enjoy the earliest payout date!
Find out more about the Assurance Package
More finance for beginners below:
- Singapore Savings Bonds
- Guide to personal loans in Singapore
- Best investment-linked insurance policies
*Cover image adapted from: *Tampines West Community Club
Article originally published on 20th November 2022 by Marcus Sia. Last updated by Josiah Neo on 11th November 2025.