Final round of Assurance Package cash: About 3 million Singaporeans to receive up to $250 in December

Singaporeans aged 21 and above in 2027 will be receiving $100 to $250 in cash payments from Dec 8, the Ministry of Finance said on Tuesday (Nov 10).

This disbursement is the final part of the $3 billion enhancement to the Assurance Package announced at Budget 2023 aimed at helping Singaporeans with their day-to-day expenses.

Eligible Singaporeans who own up to a single property and have an annual income less than or equal to $39,000 will receive the full $250 share of the disbursement.

Those with an annual income above $39,000 but under $100,000 will get $150, while those with an annual income of over $100,000 will get $100.

As long as you own more than one property, this cash payment is limited to $100 regardless of your annual income.

Recipients will be informed via the gov.sg SMS Sender ID before and after the AP Cash has been credited. Those without a Singpass-registered phone number will receive a letter sent to their address.

To receive the disbursement by Dec 8, citizens are encouraged to link their NRIC to PayNow by Nov 24.

Alternatively, those without PayNow-NRIC linked bank accounts but with a DBS/POSB, OCBC, or UOB bank account can share their bank account information at the govbenefits website by Nov 30 to receive the payout via Giro by Dec 17.

Over the last five years — 2022 to 2026 — eligible Singaporeans would receive up to $2,250 in cash from the Package.

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khooyihang@asiaone.com