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
In 2025, Singapore will disburse a cash payout of up to S$850 through the Goods and Services Tax Voucher (GSTV) scheme. This initiative is part of a comprehensive government response to rising living costs and inflation following recent tax changes. Introduced under Budget 2025, this payout is structured to directly benefit low- and middle-income Singaporeans. What Is the GST Voucher Scheme? … Read more
In an effort to support unemployed citizens during challenging economic times, the Singaporean government has rolled out a powerful financial support initiative offering up to $4,500 over a six-month period. The new Jobseeker Support Scheme provides eligible individuals with monthly payouts and encourages active job searching. This move aims to help those who lost their jobs involuntarily while promoting upskilling and … Read more
As Singapore’s retirement income scheme evolves to meet the needs of its ageing population, the Singapore Monthly Payout 2025 continues to provide crucial financial support to retirees. This payout, a key component of the Central Provident Fund (CPF) system, is designed to offer a steady stream of income for Singapore Citizens and Permanent Residents who … Read more
Significant changes to the Central Provident Fund (CPF) in 2025 are set to impact the way Singaporeans plan and receive their retirement income. These new rules and updates, part of a broader effort to adapt to increasing life expectancy and inflation, aim to provide enhanced financial security for seniors. From updated Retirement Sum thresholds to adjustments in interest applications and account … Read more
In 2025, eligible Singaporean workers can look forward to receiving up to $2,800 under the Workfare Income Supplement (WIS) scheme. This bonus is a critical support mechanism aimed at uplifting lower-wage workers by boosting both their income and retirement savings. Whether you’re employed or self-employed, understanding how this Workfare Bonus works is key to maximizing your benefits. Here’s a complete breakdown … Read more
In 2025, Singapore’s government is providing a $950 S&CC rebate for eligible HDB flat owners to help reduce the financial burden of maintaining public housing. The Service and Conservancy Charges (S&CC) are essential fees that cover the cost of maintaining public areas, such as cleaning, security, and general upkeep in Housing and Development Board (HDB) … Read more
