The Singapore government has unveiled an all-encompassing financial relief package in Budget 2025 to tackle the increasing costs of living and economic headwinds. One of the flagship components of this package is the S$700 cash handout directly benefiting eligible citizens immediately. This post will detail pertinent dates, the eligibility criteria, as well as other related features of this payout:
S$700 Payout: An Overview
The cash payout of S$700 belongs to the SG60 Vouchers meant for Singapore’s 60th Birthday and, in 2025, will be distributed to benefit citizens by alleviating financial burden from inflation, global economies moving with different motifs, and the increment of Goods and Services Tax (GST) to 9%.
Eligibility Requirements
In order to be eligible for the S$700 payout, the individual must fulfill the following criteria. First, he or she has to be a Singapore citizen who resides here on 31 December 2025 and should be over 21 years of age by this time-the assessable annual income that should not be more than S$100,000 for the Year of Assessment 2024-and should not have more than one residential property. This ensures that help goes to singles and families who are among the worst affected by the economic climate.
Disbursement Details
The payout amount varies by age. These are citizens aged 21 to 59-eligible for S$600-and those aged 60 and above will receive S$800. The payout will be made in December 2025, and funds will be credited directly to people’s accounts if they have their bank details registered with the government.
For those who are not banked, there will be other arrangements that would allow collection from cheques or designated collection points. Eligible individuals should ensure their bank details are updated on the official government platform by November 30, 2025, to facilitate timely receipt of the payout.
Additional Support Measures
Other Support Measures: In addition to the S$700 cash payout, Budget 2025 has several initiatives to provide further aid to citizens. Assurance Package Cash will make additional payouts of S$100 to S$600 depending on income and property holdings. Under the GST Voucher Scheme, lower- and middle-income citizens can receive cash payouts of S$450 or S$850.
Households will receive CDC Vouchers worth S$800 in two installments: S$500 in May 2025 and S$300 in January 2026, and usable at participating merchants and hawkers. U-Save Rebates will provide quarterly rebates to HDB households between S$440 and S$760 to offset the cost of utility bills.
All households will receive Climate Vouchers, to the value of S$400, as an incentive to purchase energy-efficient appliances, with the distribution date yet to be announced.
How to Check Eligibility and Register
People can access the SupportGoWhere portal and log into it using their SingPass credentials to check their eligibility. They should ensure that they update their contact and bank details after verifying income and property ownership details. They will get confirmation via email or SMS on their eligibility.