ELIGIBILITY CRITERIA
The payout under the Assurance Package Seniors’ Bonus will be given to seniors, aged 55 and above, who are residing in Singapore and do not own more than one property, said MOF.
They must also be living in properties with an annual value of up to S$31,000 and have an assessable income not exceeding S$34,000.
Seniors, aged 55 to 64, whose property has an annual value of up to S$21,000 will receive S$250 in February. Those aged 65 and above will receive S$300.
Seniors whose property has an annual value greater than S$21,000 and up to S$31,000 will receive S$200.
Eligible seniors could receive their cash payouts as early as Feb 5, depending on their mode of receiving payment, said the finance ministry.
Recipients who have linked their PayNow to their NRIC can receive the payouts from Feb 5. Their NRIC must be tied to bank accounts under any of these banks:
- Bank of China
- CIMB
- Citibank
- DBS Bank/POSB
- GXS Bank
- HSBC Bank,
- ICBC
- MariBank
- Maybank
- OCBC Bank
- RHB Bank
- Standard Chartered Bank
- State Bank of India
- Trust Bank
- UOB Bank
Those who are using GIRO or GovCash to get the payout will receive it from Feb 13 and Feb 21 respectively.
As for the MediSave top-up, Singaporeans aged 20 and below or 55 and above will be receiving the benefit.
Those eligible will have the payments automatically credited to their Central Provident Fund (CPF) accounts from Feb 11, said MOF.
About 2 million Singaporeans residing in Singapore will benefit from this top-up, regardless of the annual valuation of their homes or their assessable income, it added.
NOTIFICATIONS AFTER BENEFITS CREDITED
“Eligible recipients will be notified via SMS after the benefit(s) have been credited,” said MOF.
“Recipients without a Singpass-registered mobile number or who do not receive an SMS will be notified through a letter sent to their address on their NRIC.”
MediSave recipients aged 16 and below will receive a letter addressed to their parents or guardian after the benefit is credited to their child’s CPF account.
“To safeguard against scams, the SMS notification sent from 'gov.sg' will only inform citizens of their benefit(s),” said MOF.
Citizens will not be asked to reply to the SMS, click any links, or provide any information to the sender.
No messages regarding the payments will be sent through WhatsApp or other mobile messaging platforms, said the ministry.
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