In February 2025, the Singapore government is rolling out significant financial support measures, offering $400 to $950 cash deposits under the Assurance Package (AP) and the Majulah Package. These initiatives aim to relieve the cost-of-living pressures, offset healthcare expenses, and boost retirement savings for eligible Singaporeans.
The Budget 2025 announcement introduced a $1.9 billion enhancement to the Assurance Package, providing immediate support to lower and middle-income households. Eligible adult Singaporeans aged 21 and above will receive $200 to $600 in February, while seniors under the Majulah Package can expect additional benefits.
Who is Eligible for the Singapore $400-950 Cash Deposit in February 2025?
Eligibility for the Singapore $400-950 cash deposit depends on the recipient’s age, income level, and residency status.
Eligibility Criteria:
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Assurance Package (AP):
- Singapore citizens aged 21 years and above in 2025.
- Benefits vary based on income and property ownership.
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MediSave Bonus:
- Singaporeans born between 1974 and 2003 receive a one-time MediSave bonus of $300 to $500.
- Singaporeans born in 1973 or earlier qualify for the Majulah Package MediSave bonus ranging from $1,250 to $2,000.
-
Retirement Savings Bonus (Majulah Package):
- Citizens born in 1973 or earlier are eligible for a one-time retirement savings bonus of $1,000 to $5,100 in their CPF accounts.
Eligible individuals will automatically receive payments without needing to apply. To verify eligibility, citizens can log into govbenefits.gov.sg using their Singpass.
When Will the Singapore $400-950 Cash Deposit Be Paid in February 2025?
The Singapore $400-950 cash deposit is scheduled to be disbursed starting from February 23, 2025. The exact date may vary based on the mode of payment and individual eligibility.
Payment Schedule Highlights:
| Benefit Type | Payment Amount | Payment Date |
|---|---|---|
| Assurance Package (AP) | $200 to $600 | February 2025 |
| MediSave Bonus | $300 to $500 | February 2025 |
| Majulah Package MediSave Bonus | $1,250 to $2,000 | February 2025 |
| Retirement Savings Bonus | $1,000 to $5,100 | February 2025 |
Recipients will receive SMS notifications from “gov.sg” once benefits are credited. Those without a Singpass-registered mobile number will get a notification letter sent to their registered address.
How to Check Your Payment Status for the Singapore Cash Deposit?
Keeping track of your Singapore $400-950 cash deposit is simple with multiple verification methods available.
Steps to Check Your Status:
-
Online via govbenefits.gov.sg:
- Log in using your Singpass credentials.
- Access your benefit details under the “My Benefits” section.
-
SMS Notification:
- Eligible recipients will receive an SMS from “gov.sg” confirming benefit disbursement.
- Beware of scams; the official SMS will not contain links or request personal information.
-
Letter Notification:
- Those without a registered mobile number will receive a letter at their Singapore Identity Card address.
-
Hotline Assistance:
- Call 1800-2222-888 for queries related to eligibility and payment status.
What is Included in the Assurance Package (AP)?
The Assurance Package (AP) is designed to ease the financial burden on Singaporean households over a five-year period (2022–2026).
Key Benefits Under the AP:
- AP Cash: Cash payouts to adult Singaporeans every February.
- AP Seniors’ Bonus: Extra cash support for eligible seniors.
- AP U-Save: Rebates for eligible HDB households to offset utility costs.
- AP MediSave: Top-ups for children (under 20) and seniors (55 and above).
- CDC Vouchers: Distributed to all Singaporean households to encourage local spending.
With enhancements under Budget 2025, the AP now includes one-off cost-of-living support measures extending into 2026.
What is the Majulah Package and How Does it Benefit Singaporeans?
The Majulah Package targets “Young Seniors” born in 1973 or earlier, offering financial support for retirement planning and healthcare costs.
Components of the Majulah Package:
- Annual Earn and Save Bonus: Encourages seniors to remain economically active.
- One-time Retirement Savings Bonus: Provides $1,000 to $5,100 in CPF top-ups based on retirement savings.
- One-time MediSave Bonus: Grants $1,250 to $2,000 to enhance medical savings.
Approximately 1.6 million Singaporeans are set to benefit, with the package’s lifetime cost estimated at $9 billion.
FAQs
When will eligible Singaporeans receive the $400-950 cash deposit?
Payments are scheduled to be disbursed starting February 23, 2025.
How can I check if I am eligible for the February 2025 cash deposit?
Log into govbenefits.gov.sg using your Singpass to verify eligibility.
What should I do if I don’t receive my payment notification?
Check your registered contact details on govbenefits.gov.sg or call the 1800-2222-888 hotline for assistance.
What is the Assurance Package (AP) and who qualifies for it?
The AP is a government initiative offering financial support to all adult Singaporeans aged 21 and above.
How does the Majulah Package support seniors?
It provides retirement savings top-ups and MediSave bonuses for Singaporeans born in 1973 or earlier.
Is there a need to apply for these benefits?
No application is necessary; eligible recipients will automatically receive payments.
How do I avoid scams related to the cash deposit notifications?
Genuine SMS notifications will come from “gov.sg” and will not request personal information or include clickable links.
Can the cash deposit be used for any expenses?
Yes, recipients are free to use the cash for daily expenses, healthcare costs, or savings.
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Aanchal is a passionate writer with a keen interest in storytelling, content creation, and creative expression. She enjoys exploring diverse topics and crafting engaging narratives that captivate readers.
