Singapore to send final S$100-S$250 payouts to 3 million adults
What's next: Payments start Dec. 8 for PayNow-linked recipients, with Giro transfers following by Dec. 17.
About 3 million adult Singaporeans will receive S$100 to S$250 in December in the final cash disbursement under the enhanced Assurance Package, the Finance Ministry said. The payments begin Dec. 8 for eligible recipients who have linked their NRIC to PayNow by Nov. 24, while those using bank transfers through DBS/POSB, OCBC or UOB can receive the money by Dec. 17 if they submit details by Nov. 30. The payout amount depends on assessable income and property ownership. Adults who own no more than one property will get S$250 if income is S$39,000 or below, S$150 if income is S$39,001 to S$100,000, and S$100 if income is above that threshold. The package was expanded in Budget 2023, bringing total support to S$9.6 billion.