Singapore Rolls Out $700 Assurance Package in 2025 – Who Gets It and When?

To help households cope with rising costs of living, the Singapore Government has rolled out the $700 Assurance Package. This initiative is part of broader financial support measures aimed at easing inflationary pressures while ensuring families have stronger purchasing power. If you are wondering who qualifies, how the package works, and when payments are made, here’s a complete breakdown.

What Is the $700 Assurance Package?

The Assurance Package (AP) is a government initiative that provides direct cash payouts and support to Singaporeans. In 2025, eligible citizens will receive up to $700 in cash assistance, credited directly into their bank accounts.

The package is designed to:

• Offset the impact of the Goods and Services Tax (GST) hike.
• Provide cost-of-living relief to households.
• Ensure more help goes to lower- and middle-income groups.

Eligibility Criteria

The payout amount depends on factors like income, property ownership, and age. The scheme is tiered to ensure fairness, with larger support directed to lower-income households.

Key points on eligibility:

• All adult Singapore Citizens are considered.
• Payouts range from $200 to $700, depending on income and property.
• Senior citizens may receive additional support under complementary schemes.

Overview Table

Category	Details
Total Amount	Up to $700 cash support
Distribution Method	PayNow-NRIC or direct bank transfer
Eligibility	All adult Singapore Citizens (amount based on income & property)
Purpose	Offset GST hike & cost-of-living support
Frequency	Annual payout under Assurance Package
Claiming Process	Automatic, no application required

How to Receive the $700 Assurance Package

The process is automatic, with no applications required. Payments are usually made through PayNow-NRIC linked bank accounts.

Steps to ensure smooth payout:

1. Check that your bank account is linked to PayNow-NRIC.
2. If not linked, the payout will be credited via direct bank transfer.
3. Ensure your bank details are updated with the authorities.

Benefits of the $700 Assurance Package

The package offers multi-fold benefits for households and the community:

• Financial relief: Direct cash support eases everyday expenses.
• Targeted support: Higher payouts for lower-income households.
• Hassle-free process: Automatic crediting via PayNow or bank transfer.
• Inclusivity: All adult Singaporeans benefit, with varying amounts.
• Stability: Helps maintain household resilience against rising costs.

Frequently Asked Questions(FAQs)