The Singapore government has announced a $900 Senior Bonus for 2025 as part of its ongoing Assurance Package. This initiative is aimed at providing financial relief to elderly citizens, helping them manage the rising costs of living, healthcare, and household expenses. By offering direct cash assistance, the scheme ensures that seniors can live with greater financial stability and dignity.
Overview of the Senior Bonus
The $900 Senior Bonus is designed to support Singapore citizens aged 65 and above. Payments are automatic and do not require any application. Depending on eligibility criteria, seniors may receive up to $900 over multiple disbursements in September 2025.
Eligibility Criteria
Eligibility for the bonus is determined by age, citizenship, income, property ownership, and the annual value of the home.
Age Requirement
Seniors must be 65 years or older in 2025. Those turning 65 during the year are also included.
Citizenship and Residency
The bonus is available only to Singapore citizens who reside in Singapore. Permanent residents and non-citizens are not eligible.
Income and Property Ownership Rules
To qualify, seniors must have an assessable income of $34,000 or less for the Year of Assessment 2023 and own no more than one property. Owning multiple properties will disqualify applicants.
Annual Value of Home
The payout amount is influenced by the annual value (AV) of the senior’s home:
- Homes with AV up to $21,000 → Eligible for $300
- Homes with AV between $21,001 and $25,000 → Eligible for $200
This ensures that seniors living in lower-value homes, who may face higher financial strain, receive greater support.
How Much Seniors Will Receive
Although the scheme is referred to as the $900 Senior Bonus, the actual payout depends on eligibility and home value. Seniors will receive between $200 and $300 per disbursement. Over multiple disbursements, this can total up to $900.
Methods of Receiving the Bonus
Payments are automatic, but seniors must ensure that their account details are up to date.
PayNow
The preferred method is PayNow linked to the senior’s NRIC. Seniors should verify that their NRIC is connected to PayNow before 25 August 2025.
Direct Bank Transfer
For seniors without PayNow, payments can be credited via direct bank transfer. Bank details should be updated on the government portal by 27 August 2025.
GovCash
Seniors without bank accounts will receive GovCash, which can be collected from OCBC ATMs and designated outlets.
Automatic Disbursement
Once account details are updated, no further action is needed. Payments will be processed automatically, with disbursement scheduled for September 2025.