Singaporeans have until May 5, 2025, to receive up to $700 in cash payouts as part of the ongoing Assurance Package. This support is designed to help lower- and middle-income citizens manage inflation and rising costs in 2025. If you haven’t updated your payment preferences or verified your eligibility yet, now is the time.
Here’s everything you need to know about the payout, who qualifies, and how to ensure you receive your benefit before the deadline.
What Is the $700 Government Cash Payout?
The $700 payout is a one-time cash disbursement under the Assurance Package (AP) aimed at providing immediate financial relief to eligible adults. It forms part of Singapore’s broader initiative to ease the impact of GST increases and higher living expenses.
Key Details of the May 2025 Payout
| Feature | Details |
|---|---|
| Maximum Amount | Up to $700 |
| Payout Date (PayNow NRIC) | May 5, 2025 |
| Payout Date (Bank Credit) | May 16, 2025 |
| Mode of Payment | PayNow-NRIC, Bank Transfer, or GovCash |
| Final Deadline | May 5, 2025 (PayNow accounts) |
Eligibility Criteria
To qualify for the payout, you must meet all of the following:
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Be a Singaporean citizen
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Aged 21 or older in 2025
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Residing in Singapore
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Have an annual assessable income of $34,000 or less
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Own no more than one property
All payments will be processed based on existing government records, so it’s important that your details are up to date.
How to Receive the Payment
There are three possible ways the payout will be delivered, depending on your setup:
-
PayNow-NRIC:
The fastest method. If your NRIC is linked to PayNow, the payout will be made on May 5, 2025. -
Bank Account Credit:
If your NRIC is not linked to PayNow but you’ve registered a bank account with DBS, POSB, OCBC, or UOB, funds will be deposited by May 16, 2025. -
GovCash:
For individuals without PayNow or bank accounts, the payout will be made via GovCash and can be withdrawn at designated outlets using your NRIC.
Additional Support in 2025
Apart from the $700 cash payout, other parts of the Assurance Package available in 2025 include:
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MediSave top-ups
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CDC Vouchers
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U-Save rebates on utility bills
These benefits together offer ongoing support to help Singaporeans manage daily expenses and healthcare needs.
FAQs
Who qualifies for the $700 payout?
Singaporeans aged 21 and above in 2025, with assessable income under $34,000, owning one or no properties, and living in Singapore.
What is the fastest way to receive the payout?
Linking your NRIC to PayNow will ensure you get the payout on May 5, 2025.
What if I don’t have PayNow linked?
If you have a registered bank account, you’ll receive the payout on May 16. Otherwise, it will be delivered through GovCash.
Is application required?
No application is necessary. Payments are made automatically based on government records.
What happens if I miss the May 5 date?
PayNow-linked accounts receive payment on May 5. Others receive it later depending on setup, but updating your details before May ensures no delays.
Click here to know more.
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.