In 2025, Singapore’s Silver Support Scheme (SSS) has been enhanced to provide increased financial assistance to seniors aged 65 and above who had low incomes during their working years and now have less in retirement. This initiative aims to bolster the retirement income of approximately 290,000 eligible seniors, ensuring they can better cope with the … Read more
In a strategic move to boost financial independence and tap into the potential of its aging population, Singapore is raising its retirement and re-employment age. This change reflects the government’s commitment to extended employment and adapting to the nation’s evolving demographic profile. New Retirement and Re-employment Age Policy: What’s Changing The changes, announced in 2024, are set to take effect in 2026 with a … Read more
The Singaporean government has unveiled a special initiative aimed at assisting citizens with rising living costs. This initiative, known as the Cost-of-Living Special Payment, will provide one-time payouts ranging from S$200 to S$600 to approximately 2.9 million Singaporeans in December 2025. The payouts are designed to offer much-needed relief to lower- and middle-income households, ensuring … Read more
Singapore’s 2025 financial support plan is a comprehensive, citizen-centric initiative that promises significant financial aid to help Singaporeans weather inflation, manage healthcare expenses, boost retirement savings, and support job transitions. With payouts ranging from S$150 to S$6,000, this robust strategy emphasizes inclusivity, economic resilience, and long-term well-being for all age groups. Let’s break down the key components and understand who … Read more
Singapore’s 2025 financial support plan is designed to provide significant assistance to citizens across different life stages. With the aim of addressing economic shifts, inflation, and career transitions, this package offers a wide range of benefits, from cash payouts to healthcare support, targeting retirees, job seekers, families, and young professionals. The program focuses on reducing … Read more
To address the rising cost of living, Singapore is introducing a $490 financial relief initiative beginning April 30, 2025. Part of a broader support package under Budget 2025, this measure is aimed at easing economic pressure on households by distributing Community Development Council (CDC) vouchers and other targeted assistance throughout the year. This initiative reflects … Read more
In response to the ongoing cost-of-living pressures in Singapore, the Singapore government has launched a financial support initiative to assist households struggling with daily expenses. As part of this program, 250,000 eligible families will receive S$300 digital vouchers. These vouchers are designed to help offset the rising costs of groceries, utilities, meals, and healthcare necessities. … Read more
In a landmark move, Singapore’s 2025 retirement overhaul marks a significant shift in national pension policy. As the population ages and life expectancy rises, the government is introducing wide-ranging reforms to ensure long-term retirement security, increase workforce participation among older adults, and strengthen financial independence for seniors. Key Upgrades to CPF LIFE Scheme One of the most impactful … Read more
In a major move to strengthen support for elderly citizens, Singapore has increased its quarterly payouts under the Silver Support Scheme in 2025. Eligible seniors can now receive up to SGD $1,080 per quarter, totaling SGD $4,320 annually. This uplift is aimed at helping low-income retirees better manage daily living expenses amidst inflation and higher costs of living. What … Read more
In 2025, Singapore introduced a major update to its Workfare Income Supplement (WIS) scheme, providing higher payouts and broader eligibility to support low-income workers. The change is designed to help workers, including the self-employed and those with disabilities, cope with living costs and improve their retirement savings. Here’s everything you need to know about these … Read more
