Singapore has confirmed the continuation of the Assurance Package Cash scheme that provides direct annual payouts to eligible citizens. The goal is simple and practical – cushion households from inflation and help with day to day living costs while the Goods and Services Tax increases are phased in. Payouts are made automatically each December for the period 2022 to 2026. Below is a clear guide to who qualifies, how much you can expect, when the money is paid, and how the scheme fits with other support like GST Vouchers and U-Save.
Table of Contents
What Is The Assurance Package Cash
The Assurance Package Cash is a direct cash assistance component of a broader national support package. It offsets the impact of GST changes and general price increases by transferring money straight to eligible citizens. It complements other measures such as GST Voucher cash and MediSave, CDC Vouchers, and U-Save utilities rebates so that households receive layered support across cash, healthcare, community spending, and utility bills.
Quick Summary
Item |
Details |
|---|---|
Scheme |
Assurance Package Cash for Singapore Citizens |
Payout window |
2022 to 2026 with one payout each December |
Amount range |
About 700 to 2,250 dollars per year based on means testing |
Eligibility focus |
Lower and middle income citizens with modest property annual value |
How it pays |
Automatic credit to registered bank accounts or cheque if no account |
What to update |
Bank details and contact details in Singpass or GovWallet |
Works with |
GST Voucher, U-Save rebates, and other cost of living measures |
Official site |
Who Is Eligible
Eligibility is assessed from government records and typically considers four factors
- Citizenship status as a Singapore Citizen
- Age of 21 years and above in the payout year
- Assessable income from the most recent Year of Assessment available at the time of computation
- Property Annual Value based on IRAS records
The scheme targets lower and middle income citizens who live in homes with modest Annual Value. Those with higher incomes or higher property Annual Value may receive a reduced amount or may not qualify.
How Much You May Receive
Payouts vary by income band and property Annual Value. The structure below illustrates typical ranges used to direct more support to households that are more affected by higher costs.
Category |
Annual Income |
Property Annual Value |
Estimated Payout Per Year |
|---|---|---|---|
Lower income households |
Up to 34,000 dollars |
Below 13,000 dollars |
About 2,250 dollars |
Middle income households |
34,001 to 100,000 dollars |
13,000 to 21,000 dollars |
About 1,500 dollars |
Upper middle income households |
Above 100,000 dollars |
Above 21,000 dollars |
About 700 dollars |
Notes
- Actual amounts are computed from official records and may be adjusted across years within the 2022 to 2026 window.
- If your income or property Annual Value changes, your payout tier may change in the following year of the package.
When And How Payments Are Made
- Timing – one payout each December from 2022 through 2026
- Method – automatic bank credit to the citizen’s registered account
- If no bank account – a cheque or alternative method may be used
- Notifications – you will receive alerts through official channels before funds are credited
You do not need to file an application if you are eligible. The government uses existing records to compute the payout and process it automatically.
Keep Your Details Updated
To avoid delays, check and update the following before the year end payout window
- Bank account details in Singpass linked services or GovWallet
- Mailing address and mobile number for notifications
- Any changes to name or identification particulars if applicable
Updating details helps ensure funds reach you on time and reduces the chances of a returned or cancelled payment.
How The Assurance Package Works With Other Support
The Assurance Package Cash sits alongside other national measures
- GST Voucher Cash and MediSave – targeted cash and healthcare top ups for eligible citizens
- CDC Vouchers – community spending support redeemable at participating merchants and hawkers
- U-Save Rebates – offsets for utility bills credited to HDB households that qualify
The combined effect is to spread relief across monthly expenses, utilities, healthcare, and daily purchases while cash provides flexible support for immediate needs.
Responsible Use And Planning Tips
- Prioritise essentials – groceries, transport, utilities, school related items
- Build a small buffer – set aside part of the payout for emergencies or bill spikes
- Reduce high cost debt – pay down balances with the highest interest first
- Track bills – align payout timing with December or January obligations like insurance or service renewals
- Reassess banking products – confirm your account is fee free and correctly linked for government credits
Frequently Asked Questions
1. Do I need to apply for the Assurance Package Cash
No application is required for most citizens. If you are eligible based on official records, the payout is credited automatically in December.
2. I do not have a bank account. Can I still receive the payout
Yes. If no account is on file, a cheque or an alternative method will be arranged. Update your contact details so you receive the notice promptly.
3. Does property ownership affect eligibility
Yes. The scheme uses property Annual Value from IRAS records as part of means testing. Higher Annual Value can reduce or remove eligibility.
4. What happens if my income changes during the package years
Payout tiers may be reassessed using the latest available assessment year. If income rises above a threshold, future year payouts may be reduced. If income falls, you may move to a higher support tier.
5. Is the Assurance Package Cash taxable
Government transfer payments of this nature are typically not taxable as income for individuals. For case specific advice, refer to IRAS guidance or consult a tax professional.
Official site – https://www.mof.gov.sg and https://www.go.gov.sg/assurancepackage
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