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Singapore’s seniors are set to receive a major financial boost in 2025, as the Government officially confirms up to S$1,080 in direct cash support for eligible citizens aged 55 and above. This generous payout, part of the broader Assurance Package, is aimed at helping seniors cope with the ongoing cost of living pressures and rising … Read more

In response to inflationary pressures and the impact of the GST hike, the Singapore government will provide a Cost-of-Living Special Payment of S$200 to S$400 in 2025 under the Assurance Package. This one-off payout is part of a broader strategy to help lower- and middle-income Singaporeans cope with rising everyday expenses. This COL Special Payment … Read more

To promote continuous learning and skill upgrading among working adults, the Singapore government offers Course Fees Relief — a personal income tax relief that allows individuals to claim deductions on eligible course-related expenses. In 2025, this relief continues to play a key role in supporting upskilling efforts, making lifelong learning more financially accessible for Singaporean … Read more

The Singapore government has enhanced its tax relief support for caregivers in 2025 by increasing the Grandparent Caregiver Relief (GCR) from S$3,000 to S$4,000. This update, which takes effect for Year of Assessment (YA) 2026, offers working mothers up to S$400 more in tax savings—a significant improvement aimed at acknowledging and supporting informal caregiving within … Read more

The Seniors’ Bonus is a targeted financial support scheme that aims to reward and assist lower-income elderly Singaporeans. It complements other government assistance like Silver Support Scheme, GST Vouchers, and CPF top-ups. Eligible seniors can receive up to S$900 in cash, depending on their income level and type of HDB flat they live in. This … Read more

To strengthen retirement adequacy for lower-income senior Singaporeans, the government introduced the Matched Retirement Savings Scheme (MRSS). In 2025, the MRSS continues to support eligible seniors by matching voluntary CPF Retirement Account (RA) top-ups dollar-for-dollar, up to a cap. This initiative encourages family members and the community to contribute towards a more secure retirement for … Read more