Singapore Seniors’ Bonus April 2025: New CPF, MediSave, and Cash Payouts Explained

Starting April 2025, Singapore is rolling out major updates to its Seniors’ Bonus Program, part of a larger strategy to strengthen financial and healthcare support for the elderly. With an aging population and rising living costs, the government has launched enhanced cash payouts, CPF retirement account updates, expanded healthcare coverage through MediSave, and a brand-new Majulah Package.

Here’s everything you need to know about eligibility, benefit amounts, key dates, and how these changes will affect you or your loved ones.

Enhanced Cash Support for Seniors via Assurance Package

As part of the Assurance Package, eligible seniors aged 55 and above will receive cash payouts of S$200 to S$300.

Eligibility Criteria:

• Must be aged 55 and above

• Reside in a property with an annual value (AV) of S$31,000 or less

• Have an assessable income (AI) not exceeding S$34,000 based on the 2023 assessment

• Must not own more than one property

Payment Date: April disbursement begins through PayNow-NRIC or government-linked bank accounts.

Number of Beneficiaries: Approximately 850,000 lower-income seniors are expected to benefit from this scheme.

MediSave Top-Ups for Healthcare Security

To assist with rising healthcare expenses, eligible seniors will receive a MediSave top-up of S$150.

Who’s Eligible:

• All Singaporeans aged 55 and above

• Children aged below 20

Key Highlights:

• Not income- or property-based — universal benefit

• Funds will be automatically credited to CPF MediSave accounts

• Payments began rolling out from April 2025 onwards

This ensures every senior has better long-term savings for medical treatments or hospital coverage.

CPF Changes for Better Retirement Planning

The Central Provident Fund (CPF) system is undergoing several enhancements to boost monthly retirement payouts and provide flexibility for fund allocation.

Key Updates Effective April 2025:

• Special Account (SA) for members aged 55 and above will be discontinued

• SA balances will be moved to Retirement Account (RA) up to the Full Retirement Sum (FRS)

• Remaining funds will be redirected to the Ordinary Account (OA) for increased financial flexibility

Enhanced Retirement Sum (ERS):

• Raised from 3x Basic Retirement Sum (BRS) to 4x BRS

• Allows seniors to contribute more voluntarily

• Monthly CPF LIFE payouts can now reach up to S$3,300 for those turning 55 in 2025

• Previously, payouts capped at around S$2,500

Silver Support Scheme Upgrades for Lower-Income Seniors

The Silver Support Scheme, which offers quarterly payments to seniors with low lifetime income, will also see major changes.

Improvements Starting April 2025:

• Quarterly payments increased by 20%

• Income threshold raised from S$1,800 to S$2,300 per capita

• Seniors in 1-2 room HDB flats with incomes under S$1,500/month will now receive S$1,080/quarter, up from S$900

These enhancements aim to include more seniors who previously did not meet the income criteria.

Majulah Package: A New Addition in 2025

The Majulah Package is a newly launched financial support initiative to benefit 1.6 million seniors through multiple programs aimed at improving retirement preparedness.

Key Components:

• Earn and Save Bonus:

  • CPF bonus of S$400–S$1,000 annually

  • For lower- and middle-income workers earning between S$500 and S$6,000/month

  • Must be actively employed full-time or part-time

• Retirement Savings Bonus:

  • One-time bonus of S$1,000–S$1,500

  • For seniors with CPF savings below the Basic Retirement Sum

  • Credited directly to CPF Retirement or Special Account

Bonus Date: Payment scheduled for April 2025 to eligible seniors who qualify based on 2024 year-end assessment.

One-Time MediSave Bonus for Medical Costs

To boost healthcare affordability, a one-time MediSave Bonus will also be distributed:

• S$1,500 for younger seniors with lower means

• S$750 for all other eligible older adults

• Based on annual property value, income, and property ownership

Funds will be automatically deposited into CPF MediSave accounts to ensure secure and dedicated medical savings.

Summary of Singapore’s Seniors’ Bonus in April 2025

FAQs

What is the Seniors’ Bonus payout for April 2025?

Eligible seniors will receive between S$200 and S$300 under the Assurance Package, depending on their property value and income level.

How does the MediSave top-up work?

Every Singaporean aged 55+ or under 20 will automatically receive S$150 credited to their MediSave account.

What are the CPF changes happening in 2025?

The Special Account will be closed for members aged 55+, and balances will move to the Retirement or Ordinary Account. The Enhanced Retirement Sum has also been increased.

Who gets the Retirement Savings Bonus?

Seniors with CPF savings below the Basic Retirement Sum will receive a one-time top-up of S$1,000 to S$1,500.

What is the Earn and Save Bonus under Majulah Package?

It provides S$400 to S$1,000 annually to working seniors earning S$500 to S$6,000/month as a CPF bonus.

When will the April 2025 payouts be made?

Cash payouts and MediSave top-ups will be distributed throughout April, with most payments completed by mid-month.

How are Silver Support payments changing?

The quarterly payments will be 20% higher, and more seniors will qualify due to the new S$2,300 per capita income threshold.

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