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ELIGIBLE S’POREANS WILL BE GETTING UP TO $700 CASH NEXT MONTH, TO CUSHION GST HIKE

Singaporeans who are eligible will be receiving up to $700 cash next month (December) as part of the Assurance Package that was previously announced by DPM Lawrence Wong back in February.

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Some 2.9 million Singaporeans will receive a cash payout of up to $200 in December 2022, while another 2.5 million will receive another cash payout of up to $500, as part of a one-off Cost of Living (COL) special payment.

The COL is part of the $1.5 billion support package announced by DPM Wong last month, to provide further relief on the rising cost of living.

This effectively means that those who are eligible will receive up to $700 in cash in December.

Eligibility

Assurance Package (AP) Cash

Every Singaporean aged 21 years and above will receive cash benefits of $700 to $1,600, depending on his/her income and property ownership. The payment will be disbursed over five years, from 2022 to 2026.

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To receive the AP Cash , you must fulfill the following criteria:

i. You must be a Singapore citizen, residing in Singapore;
ii. You must be aged 21 and above in the reference year.

* As part of the $1.5billion support package announced in Oct 2022 to provide further cost-of-living (COL) relief, eligible citizens will receive a one-off COL Special Payment of up to $500 to be paid in Dec 2022, together with AP Cash. More details are found in our FAQs.

You may login to the e-services to view your eligibility for the AP Cash.

Common terms related to the AP Cash eligibility criteria

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Term(s)Description
Assessable Income (AI)Your AI includes all forms of income from trade, business, profession or vocation, employment, as well as rental income that is taxable.

Your AI can be found on your tax bill (or Notice of Assessment) that you receive each year if you are required to pay taxes.

You may visit iras.gov.sg [log in to myTax Portal using your Singpass > Notices/Letters > Individual, select Year of Assessment] to view your Notice of Assessment.
Singapore CitizenThose who hold foreign citizenship will not be eligible regardless of whether they simultaneously hold Singapore citizenship. Please approach the Immigration and Checkpoints Authority (ICA) to resolve your citizenship issues.
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